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#740 The Ultimate Bitcoin vs. Gold Debate w/ Peter Schiff & Peter McCormack

The Pomp Podcast

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The Market Cap of Bitcoin Is 13 Trillion Dollars

Gold gold market cap is 13 trillion o ka. That includes, you know, the gold in everybody's jewellery. So bit coin can't take that market capyou can't make any jewelry out of bit coin. I mean, i think that bit coin's market cap is already close to gold when it comes to individual, private ownership for investment purposes. But if you take all the cryptos, yes, ether and all the rest of the craf. Those aren't trying to compete with gold. No, they're not yet there. They're competing with bitcoin for people who want to gamble on crypto tokens.

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