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Bitcoin could reach between $5 million and $10 million, according to Electric Capital co-founder Avichal Garg.
“It’s not that crazy,” Garg said on an episode of the “When Shift Happens” podcast released on Feb. 12.
Garg said his forecast is based on Bitcoin having a five- to 10-times-larger addressable market than gold, as investors flee to fixed-supply assets in the face of currency debasement. He said he expected Bitcoin to reach this size because of its accessibility compared to gold, likening it to Uber (NYSE:UBER) and the taxi industry.
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