Bitcoin to $150K? Crypto Founder Says Gold Comparison Is 'Oversold' and Memecoin Fads Are 'Musical Chairs'

Toby Gilbert, co-founder of the crypto exchange PACT SWAP (with Tether’s Brock Pierce), said he expects Bitcoin to reach $150,000 within a year and argued against comparing it to gold as if that case were fully made. In comments to IBTimes UK, he called the gold comparison “entirely oversold.” He cited gold at about $4,320 per ounce on 14 August, up roughly 29% over the past year, versus Bitcoin near $63,800 at Thursday’s close, down about 46% over the same span. Gilbert said gold is a long-established safe haven, but that Bitcoin’s drivers have changed—from COVID-era liquidity to ETFs and institutional flows—and that the next catalyst remains unclear. He also warned smaller markets can swing harder.