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Bitcoin could surpass gold and become a global currency
The target market for Bitcoin could exceed the market value of gold by $34 trillion if it gains widespread recognition as a currency and store of value, believes Matt Haughan, Director of Investments at Bitwise.
Events in the Middle East, particularly the conflict between the US and Israel with Iran, have shown that Bitcoin can become a payment tool in a world where financial systems are turning into weapons.
Haughan suggests that Bitcoin is capable of becoming both a store of value, like gold, and a real currency, like the dollar, which could significantly increase its market potential.
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