Veteran trader Peter Brandt says that Bitcoin is already in the "big leagues" in his recent tweet.
The chartist says that there is roughly $2.1 trillion U.S. dollars in circulation while officially held gold reserves stand at $2.2 trillion.
Bitcoin would only need to double its price to reach these numbers at this point.
As reported by U.Today, a Deutsche Bank analyst recently concluded that Bitcoin was "too big to fail" after its market cap surpassed $1 trillion.
Yet, the cryptocurrency continues to have many detractors who predict its demise, which is why Brandt notes that he has never seen an asset with such "strong binary options."
Denys Serhiichuk