Blockstream CEO Issues Bitcoin Prediction, $500k/BTC Possible After Gold “Flippening”

“$250k-$500k Per Bitcoin (BTC) Is Plausible”

On Tuesday morning, as Bitcoin (BTC) established a fresh year-to-date low under $4,400 amid a market-wide bout of (possible) capitulation, Bobby Lee, the co-founder of BTCC and the brother of Litecoin’s Charlie Lee, took to Twitter to drop a few ‘knowledge bombs’, as it were.

Likely referencing Bitcoin’s claim-to-fame as the digital equivalent of gold, humanity’s de-facto go-to store of value, Lee explained that all BTC in circulation (market capitalization) is now one-hundredth the value of gold, a purported $8 trillion.

In this bear market for #Bitcoin, it’s worth reminding everyone that $BTC is still only one-hundredth of the value of #Gold: $80 billion vs $8 trillion.
Gold is worth 100 times more than Bitcoin today!
What will the ratio be in 10-20 years?
Will it flip, with Bitcoin worth more? pic.twitter.com/VIpzIDKfo0

— Bobby Lee (@bobbyclee) November 20, 2018

Keeping this relatively small valuation in mind, and his…