Chapter
Comparing the Market Cap of Gold and Bitcoin
1:23:30 - 1:27:14 (03:44)
The gold market is worth $100 trillion and owning physical gold means you can easily turn it into currency. The speaker believes Bitcoin needs to reach 30% of the gold market cap to be a viable alternative asset.
Clips
Bitcoin needs to reach 30% of gold's market cap in order to be considered an alternative asset, which it has not yet achieved as it stands at less than a trillion dollar cap.
1:23:30 - 1:25:23 (01:53)
Summary
Bitcoin needs to reach 30% of gold's market cap in order to be considered an alternative asset, which it has not yet achieved as it stands at less than a trillion dollar cap.
ChapterComparing the Market Cap of Gold and Bitcoin
Episode1076 The Keys to Financial Freedom w/Shark Tank’s “Mr. Wonderful” Kevin O’Leary (Do THIS Today!)
PodcastThe School of Greatness
Mark Cuban discusses the liquidity and market cap of Bitcoin, stating that it needs to become more liquid and find its way to something material before he considers it a viable investment option.
1:25:23 - 1:26:00 (00:37)
Summary
Mark Cuban discusses the liquidity and market cap of Bitcoin, stating that it needs to become more liquid and find its way to something material before he considers it a viable investment option.
ChapterComparing the Market Cap of Gold and Bitcoin
Episode1076 The Keys to Financial Freedom w/Shark Tank’s “Mr. Wonderful” Kevin O’Leary (Do THIS Today!)
PodcastThe School of Greatness
The real opportunity for cryptocurrency lies in creating a global currency that can be used to purchase anything in any country, eliminating the friction of currency exchange.
1:26:00 - 1:27:14 (01:14)
Summary
The real opportunity for cryptocurrency lies in creating a global currency that can be used to purchase anything in any country, eliminating the friction of currency exchange. If all nations can agree to adopt one cryptocurrency, it could be a multi-trillion dollar asset.