Co-founder of Gold Bullion International, Dan Tapiero says it’s just a matter of time before Bitcoin’s price will reach six figures.

Speaking on the Pomp Podcast to Anthony Pompliano, Tapiero stressed that in regard to price appreciation, Bitcoin is king.

“In the next five years, I can see gold at $4,000, so that’s double. But if gold is at $4,000, Bitcoin is probably somewhere between $300,000 and $500,000, so that’s a 20, 30x.”

He went on to say: “I don’t really think that anyone in the gold world [...] they are not going to debate that.”

Tapiero is confident that institutional investors and finance whales will likely invest between 5 to 15% of their portfolios in Bitcoin, saying the sector is presently worth $100 trillion: “That’s a huge chunk. I mean, 15% of $100 trillion is $15 trillion.”

With Bitcoin being a hedge for a fiat system, reports Cointelegraph, once the market cap hits trillions of dollars, it will be easer for larger investors to handle, akin to gold.

However, the Gold Bullion International co-founder believes Bitcoin will be far bigger than gold: “There is no question that Bitcoin is going to outperform gold.”

Many other cryptocurrency analysts are equally as bullish about Bitcoin. Off the Chain Capital chief investment officer Brian Estes told Reuters that it “is not a stretch” for Bitcoin to exceed $100,000 in a year, and it may hit $288,000 by the end of 2021.

In addition, despite being a previous sceptic, CNBC host Jim Cramer is now backing Bitcoin, recently stating that it is a good hedge against inflation and something his children will understand: “I think that my kids, when they get my inheritance, won't feel comfortable with gold, and will feel comfortable with crypto.”