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Trader Cobie: It is more reasonable for BTC's market capitalization to reach 5 to 10 times that of gold, making it a more rare interstellar digital gold than gold.
Odaily Planet Daily News Well-known cryptocurrency trader Jordan Fish (alias Cobie) wrote on X platform: ‘BTC flipping gold is just a reminder for us to return to rational reality. The multiple of the flip is a more interesting question. Maybe 5-10 times is the fair valuation that is approaching in this process.’ TheBlock researcher Steven asked in the comments, ‘(Do you mean) the price of a single BTC is between 4 million and 9 million US dollars?’ In response, he said, ‘This sounds like a good price for BTC.’ In addition, it added: ‘To be honest, although gold will also face fierce competition from BTC competitive assets, and BTC is basically interstellar digital gold, so as predicted by the words on the wall, as humans become a multi-planetary species, mineral rocks and gold investors on Earth may choose superior assets. Many other gold cases: Perhaps some future intelligence can perform alchemy, or perhaps future humans who have conquered the stars will be able to explore infinite gold mines in space. In contrast, it seems unlikely that we will find any BTC in space.’ This view was supplemented by Matt Huang, co-founder of Paradigm, with reports indicating that a giant asteroid in space is worth $70 trillion in gold.