Ammous Says Bitcoin Could Surpass Gold and Become Less Volatile

Bitcoin could eventually surpass gold in market capitalization and become less volatile as its use as money expands, Saifedean Ammous, author of The Bitcoin Standard, argued Oct. 13. Ammous expects continued Bitcoin monetization to build larger cash balances and deepen liquidity, which he believes could reduce price swings as the asset matures. He described becoming less volatile than gold and exceeding its market value as future outcomes. “I expect continued Bitcoin monetization to produce larger cash balances, deeper liquidity, and lower volatility,” Ammous wrote.

Source: TokenPost