TL;DR
Fidelity Digital Assets published a study asserting that Bitcoin is better than digital gold and could reach a price of $676,000 or more.
Key findings include: Bitcoin’s unique status as a monetary good and store of value, its scarcity and fungibility similar to gold, and its improved portability and programmable properties.
If Bitcoin surpasses gold’s market cap, based on the current mined supply, its value could be around $676,000 per BTC, nearly 24 times its current price of $28,400.
Fidelity Digital Assets recently published a Bitcoin study conducted in September. The cryptocurrency arm of the $4.5 trillion financial giant is very bullish for Bitcoin over the long term.
Here are some of the implications of Fidelity’s study for Bitcoin price.
Fidelity Digital: Bitcoin is like digital gold
Among the key findings and conclusions of the study are:
Bitcoin is a monetary good and store of value asset in a class all its own.
Bitcoin price is based on the “most secure, decen
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