Bitcoin CEO Sees Gold's Market Cap in 2030

IREN CEO Predicts Bitcoin to Surpass Gold in Market Cap by 2030

Daniel Roberts, CEO of IREN, an Australian company specializing in renewable energy-powered data centers for Bitcoin mining and AI ventures, has made a bold prediction about the future of Bitcoin. In November 2024, during a crypto rally, Roberts stated that Bitcoin is "dirt cheap."

Roberts believes that Bitcoin, often referred to as digital gold, should quickly surpass the market cap of gold. Given that the gold market cap is currently $19.3 trillion, while Bitcoin's market cap is $1.95 trillion, Bitcoin would need a 10x price increase to reach parity. Roberts predicts that if the BTC price crosses the $1,000,000 mark, Bitcoin will have a larger market capitalization than gold by 2030.

Roberts attributes the rapid growth of the BTC price to ETF traction and high-profile purchases by institutional investors. However, he acknowledges that the gold market cap may increase significantly by 2030, potentially requiring Bitcoin to gain even more than $1,000,000 to reach gold parity or extend the timeline for Bitcoin to eclipse the gold market cap.

Roberts compares Bitcoin to "gold 2.0," emphasizing that it is objectively better at being gold than gold itself. He argues that Bitcoin is scarcer, easier to transfer, and easier to divide, making it a superior store of value. Roberts is not alone in his views; many professionals and experts from the crypto community and broader financial sector prefer Bitcoin to gold.

In February 2025, Ark Invest CEO Cathie Wood echoed Roberts' sentiments, claiming that Bitcoin is a new asset class and a market leader driving a movement toward a rules-based global monetary system. She cited her mentor economist Art Laffer, who said in 2015 that Bitcoin is what he had been waiting for since the U.S. government closed the gold window in 1971.

Other prominent figures, such as Mark Cuban and Jerome Powell, have also expressed their views on Bitcoin's superiority over gold. Cuban sees Bitcoin as a great store of value, while Powell considers it a virtual gold and a competitor of gold, not the American dollar.

As the crypto market continues to evolve