Bitcoin will become ‘less volatile’ and larger than gold: ‘The Bitcoin Standard’ author
Saifedean Ammous argues that Bitcoin already functions as money when held as a store of value; expects it will become larger and less volatile than gold as it matures.
In a recent X post, Saifedean Ammous, author of "The Bitcoin Standard," asserts that Bitcoin already functions as a means of exchange and will surpass gold in both value and volatility as it gains maturity. Bitcoin's volatility, while affecting its status as a store of value, is expected to decrease over time, making it more stable than gold.
Ammous clarifies that Bitcoin's limited use as a payment method is not a deterrent to its role as a currency. This perspective contrasts with Professor Lawrence H. White's argument in "Better Money," which suggests Bitcoin's fixed supply creates excessive volatility for a reliable medium of exchange. White cites the lack of supply response to demand changes as the reason behind stablecoins' dominance in transaction volume.
Notably, other industry experts have also predicted Bitcoin's eventual dominance over gold. In May 2025, Bitwise's European research head, André Dragosch, forecasted Bitcoin could reach $1 million by 2029, matching gold's market capitalization. However, for Bitcoin to overtake gold, its market value would need to increase by at least 18 times from its current $1.6 trillion.
Blockstream CEO Adam Back predicted in April 2025 that Bitcoin could rival gold's monetary functions due to global financial instability and rising fiat inflation.
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