Known Bitcoin bull Anthony “Pomp” Pompliano predicts that Bitcoin’s market cap will be higher than gold’s by the end of the decade, commenting on Twitter:

In response, American stockbroker Peter Schiff suggested that Bitcoin’s market cap will plummet by 2029 to below “the market cap of a baseball cap.” Pomp replied to a bullish comment that it will likely happen before 2029, offering that he was being conservative in his prediction and that many things could account for a slow of growth in the cryptocurrency industry.

Gold Versus Bitcoin: Market Cap

At the present time of writing, gold’s market cap is around $9 trillion USD. Bitcoin’s market capitalisation sits currently at $227 billion USD. Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation.

Pomp’s prediction is that by 2029, Bitcoin’s market cap will be higher than gold’s compared side-by-side. Should that come to be the case, it would require an enormous accelerated gain in value from Bitcoin from both a value point-of-view and a trading perspective. Looking at Bitcoin’s trajectory, it stands within reason to believe it’s possible. The asset was developed and launched just over a decade ago, and has seen an enormous gain in market cap, trading price, and popularity since inception and it continues to show signs of bullish growth.

Read more: What Is A Better Investment Between Bitcoin And Gold