Bitcoin Co-Founder Sees $150K Target Amid Gold Comparison Rejection

Toby Gilbert, co-founder of PACT SWAP, expects Bitcoin to reach $150,000 within a year.

Gilbert rejects the comparison between Bitcoin and gold as 'entirely oversold,' citing gold's older and more developed market.

Gold has risen 29% in the past year, while Bitcoin has dropped 46%, but Gilbert sees similarities between the two assets as unbiased, country-agnostic storehouses of value.

Gilbert believes that Bitcoin moves for specific reasons, including COVID-19 and institutional input, and is confident a catalyst will emerge to drive it to $150,000 or more.