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Coin-Turk 7 minutes ago
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CryptoQuant’s CEO, Ki Young Ju, identified a critical factor that could enable Bitcoin (BTC) 
$100,667 to reach the one million dollar mark. In a statement shared on the social media platform X (formerly Twitter), he suggested that this goal could be achieved once Bitcoin’s market value surpasses that of gold.
Competition Between Bitcoin and Gold
According to Ju, the world’s most valuable cryptocurrency, Bitcoin, will reach a one million dollar price point after it outstrips gold. Gold’s market value has increased from one trillion dollars in 2004 to 17.8 trillion dollars today.
Ju emphasized that it is inevitable for investors to shift from gold to Bitcoin as a safe haven asset. By assuming that gold’s intrinsic value stands at one trillion dollars, he noted that approximately 16.8 trillion dollars is directed towards gold as a safe asset demand.
“Bitcoin’s current market value is two trillion dollars, and if the demand for gold shifts to…
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