Bitcoin prediction: price surge expected to surpass gold, USD, oil due to fixed supply.

From Investing.com

October 30, 2024 10:00 AM:

Erik Voorhees, CEO of ShapeShift and founder of Venice.AI, predicts a surge in all aspects of Bitcoin, including price, hinting that it will surpass gold, USD, and oil due to increasing demand.

Voorhees highlights the fact that the supply of major assets like gold, oil, and USD can be increased when demand rises, unlike Bitcoin, which has a fixed supply of 21 million coins.

Bitcoin spot ETFs reach new all-time highs, with institutions holding over 5% of the total BTC market value. The net value of Bitcoin spot ETFs is now $72.545 billion, with a recent inflow of $870 million on Oct. 29, marking the third highest inflow in a single day.

Read more at Investing.com: Epic Bitcoin Prediction Issued by OG Bitcoiner Erik Voorhees By U.Today