Topic: Bitcoin is worth more than Silver (Read 775 times)

  Refugees fleeing their countries cannot carry their wealth across borders in the form of gold or silver. If the refugees are stopped and searched, they will be robbed instantly of their wealth. Conversely, refugees can remember the seed phrases (12 to 24 random words) to their Bitcoin wallets, cross dangerous borders, and access their wealth once they reach safety. That been said Bitcoin  is a better mechanism for escaping hostile regimes. Bitcoin has outperformed silver as a store of value 100 times over. The rest of the world is catching on and starting to price digital currency in real-time. Although cryptocurrencies have increased many times in the last few months, it is expected to continue increasing in US dollar terms in the coming years. Millions of people who had never considered digital currencies like Bitcoin as an alternative asset has become interested in the crypto bull run.
  Silver, cryptocurrencies, and other valuable assets should all be included in an investor's portfolio. Even with this in mind, there are certainly arguments for each side that make one a better investment than the other. So it not bad if you diversify your portfolio according to your wealth, owning silver or gold or bonds or stocks it just for your own good, because these are assets that will help you in the rainy days, Investment is all about timing and nobody can predict the future so it is important to buy what you can afford to lose. Remember that no investment is guaranteed so like I said above only risk what you are willing to lose.

That’s an insane achievement. 10 years back who has expected Bitcoins to grow so much big? It all happened due to the amazing services that we are getting from the Bitcoins. Due to the decentralised system provided by the Bitcoins we are able to hold our money independently. Hence this attracted many people to join the crypto world. And for this the marketcap of the coin grew so massively. After few more years I am sure that Bitcoins will break all the records in terms of marketcap value.

You wouldn't even think of how people take digital asset more serious than previous metal. People classified things according to how important and helpful it may be. Yes no doubt silver and gold are precious and unique, but do you know that the value place on silver and gold or diamond was as a result of people imposing the price on it, because of how they saw the value back then. Perhaps Bitcoin brought more solution to what was needed than Silver Gold and diamond in this generation. Each generation comes with discovery and new importance tech. If for no reason atleast one important of Bitcoin over physical assets is that Bitcoin can be send from wallet to wallet across the universe through a blockchain technology without a third party. because the third party needed is the node with an evidence of harsh. Bitcoin is also limited in supply and a great store of value which can last for decades with just having your pass phrase. Having a tones of Gold might be difficult for you to store it, but with bitcoin you may store a large portion of it in a wallet and hold your pass phrase. Although a new tech may come up with more important features In the nearest future than bitcoin which may surpass Bitcoin, you never can tell. assets is valued according to its important and uses.

We're talking about a total shift in the way we think about money. The days of gold and silver being the only game in town? They're fading fast. Bitcoin shows us that real value can come from incredible technology, from a network of people believing in something new. And hey, about 6 million Bitcoins are gone forever. That makes it even scarcer, which, frankly, makes sense why the value keeps going up.

Listen, this is about understanding the big picture. Bitcoin is changing how money works, how we think about whats valuable. The market's not lying, people see the potential. Now, Im not saying we ignore those lost coins, thats a factor. But we need to support Bitcoin, get on board with this revolution. Its the future, and frankly, its the smartest play right now

Bitcoin is more expensive than a lot of things in the world.

but bitcoin finally becoming more expensive than silver is no surprise as we have always compared bitcoin to gold even going as far as calling it digital gold. I think this shows how web3 or the internet in general has become such huge parts of our lives that it is becoming as valuable as literal elements on earth.

Bitcoin price is increasing very fast day by day, is it right to invest in bitcoin now or will the price of bitcoin dump in few days. I know that if we invest in bitcoin, money is safe but we have to invest it at the right time or we have to take a lot of risk.  Those who are very experienced in investing know when to invest. And those who are new often invest at the wrong time and put their money at risk.

Of course bitcoin is worth more than silver.  We can already see how quickly the price of Bitcoin is rising and how quickly it has risen during bullrun.  Bitcoin is considered as digital gold.  Bitcoin is worth more than gold and land in near future.  So we can say Bitcoin is more valuable than silver.

I guess this current bull run will make BTC investors to increase higher all over the world because, many people have seen what they have not see before in BTC investment and those that thought that silver is the best digital currency to invest, They have be convinced with the current price of BTC and many silver investors will surely invest some of their money on BTC when the bear run occur.

 Many countries have made BTC legal tender so that their citizens can use it to buy whatever they want to buy within the country and pay with BTC because they have saw many positive results from BTC than silver in their countries.

Agree with you that to surpass gold, Bitcoin needs a long way to go, but I think it won't take more than 10 years. The amount of Bitcoin supplied each day is less than the amount of gold mined each day, but the price growth rate of Bitcoin is many times higher than that of gold. And with the increasing usage and accumulation of Bitcoin, the growth in Bitcoin capitalization will be extremely rapid. As long as Bitcoin can ensure two factors: the increase of Bitcoin in the process of acceptance and use (this is happening extremely fast), and the stability of this market, I predict the market capitalization of Bitcoin could surpass gold in the next cycle.

Who says bitcoin is better than gold? of course from the two elements of investment ii has its own risks and benefits, where do you see it if it is more in your opinion? but if you are looking for a quick profit then bitcoin can be relied on by only being able to read the 4-year cycle in bitcoin of course you understand the time in investing in bitcoin. While with gold it is not like that, but gold is a tool to protect your wealth from inflation but it's just that physical gold is much more difficult for you to take away if there is a lot of it.

But yes so far the prospect of bitcoin and higher than silver is amazing and I am proud to own bitcoin, maybe in the future we will see that bitcoin is below the capitalization of gold.

Bitcoin has gotten a place in the investment that people do and if previously people see gold as the best investment potential now people are starting to pay attention to Bitcoin because their value continues to grow. Optimistic about Bitcoin's journey in the future but because this asset is speculative as a correction process and the increase will continue to occur, so that it will be quite interesting when the next ATH Bitcoin can exceed the highest price.

It is not dangerous when people can make investments in the long run and people will not be at risk when buying to hold. Because the strength of Bitcoin in the long run has been tested and what needs to be done is only patient even though the market has decreased sharply.

If there is a sentiment, the market may decline again so that the price of Bitcoin will be corrected again. For me personally is good because we can accumulate large amounts of purchases, moreover we have gained large profits from rising prices a few days ago. Sentiment and illegal Bitcoin in various countries do not make any impact on person who have long been in investment.

In fact, people consider every sentiment that occurs and the price beaten back down is a good momentum to buy. Because in this way person can make a large accumulation of capital that is slightly smaller than the DCA strategy that person do before.

I am pretty sure with the passing of time Gold will be surpassed too.The reason is simple while Gold you need a physical location to get it and have it although many futures/trading companies offer you the chance to buy/sell some of it and it is difficult to collect lots of Gold without being noticed while with Bitcoin you can collect a huge amount and no one to know thanks to the underlying technology that it has.

We truly are living in crazy times and I am happy to be living now than in 1800 for example   where everything is highly achievable thanks to the technology which has evolved dramatically in these last 24-25 years,I still remember dial up modems in the 2000-s.

Everybody know it right from time that bitcoin is valuable more than gold so that is why many people who is into gold investment left good and the entered into bitcoin investment, so I know very well that if you invest Bitcoin and also invest gold bitcoin will I give you more profit more than the gold investment that is why many people currently have the passion and love into cryptocurrency investment not even bitcoin only but other cryptocurrencies investment because they know that bitcoin is more reliable and more understanding than gold investment. Let me use myself as example if I give birth to five children and they are asked to direct them for digital investment it is only one that I will advise to invest in gold while the remaining for I will advise them to put in their money into a bitcoin investment

Bitcoin aims at a second position behind gold first and it will get that position if price of Bitcoin will be doubled from current price. I believe soon we will see Bitcoin jumps to the second position but it will be hard to maintain it in a next bear market.

Even so, temporarily achieve it in a bull run will be enough, as we know about history of Bitcoin. A bear market is harsh and bad for investors who bought around ATH, don't sell and stuck in a bear market but if they can hold a long time, they will see another new all time high that appears on bull market later.

It is good for Bitcoin to make noise and we are experiencing good sentiments for Bitcoin around the world. It is different than some years ago when Bitcoin was illegal, considered as a fraud but now, traditional market accepts it and SEC. approved Spot ETFs.

More bigger things will come with this continuous solid growth of Bitcoin and greed for new products from Wall Street.

It happens gradually and virtual assets like bitcoin can provide quite significant price spikes in the crypto industry. Bitcoin has achieved extraordinary success and people are starting to realize that this speculative asset can provide value beyond the capabilities of other existing products. The market cap of bitcoin continues to increase and it is the belief held by most people that bitcoin can beat the market cap of silver. Now people are increasingly confident in bitcoin even though there is speculative in its journey because the ATH shows a big change from existing predictions.

Gold and silver have much larger quantities compared to bitcoin and maybe people are starting to compare how bitcoin will develop in the future. If the highest ATH has surpassed the previous value from now then I am sure the next price jump will confuse people even more.

People always prefer that thing which give them huge return and bitcoin is more successful because of the demand for it. People are moving towards digital technologies so they wants to utilise their money and knowledge in digital asset rather than a silver. The success of everything become clear as the time passes so since the creation of bitcoin we have just experience its success therefore the number of bitcoin investor is increasing day by day.

Silver does not show such a huge success which has been shown by bitcoin and previously people were also not interested in bitcoin because they were not familiar with its success but now as people have seen the effects of ETF and have concept of halving so they want to get good sum of profit in some months.

The global popularity of Bitcoin is growing! Reaching the market value of silver is an amazing achievement. Although Bitcoin is seen by many as a virtual currency rather than a physical one, its potential for growth, security, and unity have drawn in traders.

Yes I also believe bitcoin capitalization value will surpass precious metal gold in future but it needs more time. Bitcoin is the world's first open source cryptocurrency called Decentralized Currency. Bitcoin is a virtual currency that does not require any financial institution to transact. Currently the price of Bitcoin is steadily increasing in the cryptocurrency market especially since the last few days its price has increased by a lot and reached a new ATH record. As a result, Bitcoin topped the precious metal silver in market cap. At the current price of Bitcoin, it has a long way to go if it wants to outperform Bitcoin Gold.

We have seen that the market cap of Gold is much higher than that of Bitcoin, the market cap of Gold is $14.532 trillion dollars while the market cap of Bitcoin is $1.427 trillion dollars. In addition to the current supply limitation of Bitcoin, the number of Bitcoins in the market must be 13X times more to reach the market cap of Gold. I think it will take much more time for bitcoin to reach the market cap of gold, maybe 10 years or more because the supply of gold will increase during this time, there is no limit to the supply of gold.

I don't think Bitcoin is a virtual asset. It is true that it cannot be touched like gold or silver, but it has complete practical value. You may think that Silver is a rare metal, but in reality, there are many types of metals that are even more precious and in smaller quantities than silver. I think silver is mainly used in the jewelry industry. As for the application of Bitcoin in real life in the future, I am sure it will be more than silver. Bitcoin is both an asset and also considered a currency when we can use Bitcoin in daily currency transactions.
Another factor is that the amount of Bitcoin is limited, while silver can be mined everywhere, and clearly when looking at these two assets, the scarcity of Bitcoin will certainly stimulate more people accumulate. I believe that in the future, the capitalization value of Bitcoin will not only surpass silver, but also surpass gold.

The bottom line for growth of Bitcoin in its value and market price, market cap is its total supply is limited, known and its future new supply will be halved each four years.

Precious metals like gold, silver will have more supplies in future when human technologies grow more, become more advanced to dig deeper into the Earth's ground or even reach to asteroids or other planets to harvest more physical gold and silver.

Use cases for Bitcoin can be more diversifying than gold and silver and its use cases might be expanded more and more at sharp rate.

Not crazy at all. Imagine how much silver you'd have to own for it to be equal to 1 bitcoin. 1 kg is $800, so 1 bitcoin at 80k would be 100 kg of silver.
How would you move that around? How would you take it with you if you had to leave the country? How would you even take it to an exchange? You'd have to take a car and hire someone to help you unload it, because even if you divide it into bags with 20kg each, that's 5 bags you have to carry from the car to the exchange.

What if I told you my investment in bitcoin is far greater than just 1 BTC. Why would I keep hundreds of kilos of silver?

Precious metals suck when you really have a lot of wealth to allocate.

In fact, what is said to be the scarcity of precious metals, say gold. actually never existed. because when we explore gold again, we will definitely find another supply of gold that is ready to be mined. So what's rare? It's just a perception that is created so that the value of gold doesn't fall.

This is different from Bitcoin which is really limited to only 21,000,000 coins. and it will neither increase nor decrease. that is what is called true scarcity.

This is another remarkable achievement that bitcoin can do because currently with the data from the source you provided right now they are ranked 8th and it is possible for bitcoin to be even more in the future when referring to the current market capitalisation .
With the number of people who are increasingly convinced by bitcoin and with bitcoin which in recent years has been increasingly recognised in terms of its movement, indeed at this time its progress is likely to continue to climb for bitcoin and this is a good thing for bitcoin and of course for those of us who are in bitcoin.

IMHO the increase will continue to occur because after all, seeing the growth that is happening even though there will definitely be some unexpected situations later in the news that are sure to be made to suppress the price of bitcoin but in the end things like that will not have too much impact and bitcoin will continue to step in continuing good progress.

As for now I don't think there is anything out there to compare with bitcoin. One Gold is not worth as one bitcoin presently again. Really bitcoin is going crazy to the All Time High which no physical asset can be compared to it. Though  the is no big difference between 1.42T market cap for bitcoin and 1.38T market cap for Silver and that should be 4% different. Bitcoin has come to stay and no asset can beat the value of bitcoin again.

I don't think that's surprising because many whale investors in this era already have an interest in Bitcoin. Although there are a lot of things that are not expected that will immediately lead to such a situation,.

This is also just a demonstration that Bitcoin is getting stronger and showing the whole world that it is good to make it a long-term investment because of the profit it can return to investors.

Ever bullish, people had thought positively towards Bitcoin but when it dumps and turns bearish, people had also thought the opposite and even speculated a big crash "what ifs".

Not a surprise for me to hear people comparing Bitcoin to gold, silver, stocks, bonds, etc. Because until now, still a lot of people haven't realized that Bitcoin has a fortune. We just remember and appreciate the growing value of Bitcoin during ATH but not during the crisis.

What happens now is also another time to prove that Bitcoin is worth investing in. And this also proves that there is no regret from having and holding them as it continue to grow in the coming years.

It's really good to see it that way because, since the beginning of its trend, bitcoins have been suspicious to others earning just little trust from the people, and look at where it is now. it is more than we anticipated because it became a global phenomenon it became a trend in the past years and its popularity got even more boosted especially in this season where most people speculated it to reach another ATH due to its recent price increase while there are more good news making the investors assured of their future profits in the next months.

Knowing that the existence of Silver is from very long time(hundreds-thousands) of years
and beating by Bitcoin who are just existing for decade? now this shows the world what is the capacity
of Bitcoin and they will surely regret why they denied investing back in the years.

   With the upsurge of Bitcoin,i think you are correct, looking at its new market capitalization of $1.4 trillion,it is more valuable than silver lately which is the second biggest commodity.

   The reason why Bitcoin is increasing in value is because it's price which originally affected by its supply ,request in the market, always available,the competition among other cryptocurrencies and investors opinion. Bitcoin got a higher record on Tuesday by support of investors releasing their funds into the US spot exchange- traded crypto products,so you can see how Bitcoin has become valuable and stronger in the world .

If you believe in Bitcoin as a solid form of wealth with a future, buy what you can at the price it is when you can buy it and just leave it alone for years. The patience and trust that were given to bitcoin have helped it gain the value it has now. I believe everything is worth giving a chance in life. Imagine if those attacks and the internet scandal against bitcoin prevailed; we wouldn't have anything to be talking about now. A good reason to be happy is that something digital has evolved and brought comfort to potential investors.

Despite what experts want you to think nobody has a good idea of how much silver and gold are really out there.
Yes, we know how much modern mints have made over the years and so on.
But both have been mined and stored and past through families for 100s if not 1000s of years.

We really don't know how much gold the Aztecs mined, we have a fairly good (but not perfect) idea of how much the European invaders took from them, but what escaped and is now family heirloom, not a clue. There are a lot of people who are sitting on a lot of silver and gold from the American gold and solver rush in the 1800s. There have been studies that say more was hoarded and is still being held by individuals then was actually released in total into the market. (HODL existed almost 200 years ago)

Just an interesting historical tidbit I got from a geologist I was working with back in the early 2000s.

-Dave

This is very happy news for those who believe in Bitcoin and have invested in Bitcoin. Like gold, silver is a precious metal, but its market is still relatively small due to its easy availability and low demand. But like gold it is a precious metal. However, Bitcoin came this time and showed a miracle because Bitcoin surpassed the market cap of Silver and achieved a market cap of 1.42T. It's really unimaginable. we used to predict it earlier but it was hard to accept but Bitcoin is finally reaching its desired milestone.

Just this week, Bitcoin surpassed Swiss Franc to become the 13th most largest currency in the world and now it's has taken a step further by surpassing silver to become the 8th largest asset in the world. Who could have thought at some point that a coin which started trading in few cents about one and half decade ago would be more valuable than silver that's been around for thousands of years. This just goes to show how Bitcoin is being recognized. Perhaps in few years, maybe it's going to dethrone gold which has a market capitalization of $14.7 trillion.

No offense, but you sound like a beginner who doesn't understand what Bitcoin is and what potential it has in the digital world. $14 trillion seems like a lot today, but $1 trillion seemed impossible 10 years ago, right?

I do not claim that such a thing will happen 100%, but by the end of this decade we will have almost 99% of all BTC in circulation, which means about 1.4 million BTC more than today and maketcap could very easily reach $5+ trillion which is not half of what gold has today, but it would certainly be a great success.

I am bullish on bitcoin but for bitcoin to surpass gold's capitalization is not easy and will not happen anytime soon. Gold and silver are both the two most used precious metals and are quite close to us. But have we ever asked why there is such a big difference between gold and silver? One asset with a capitalization of 14 trillion and one asset with a capitalization of just over 1 trillion. So comparing bitcoin's capitalization to gold is completely different from comparing bitcoin to silver.

Not to mention when bitcoin capitalization surpasses gold capitalization, crazier things will happen. Will the capitalization of the cryptocurrency industry ever surpass the capitalization of the world's stock markets? I don't remember exactly but I remember the stock market capitalization as of 2023 is 109 trillion  .

This is a truly extraordinary achievement for Bitcoin, which in the end Bitcoin continues to grow and continues to be popular until it succeeds in overtaking silver's position as a natural resource.
And this Bitcoin can also be attributed to a number of factors, and one of them is spot Bitcoin ETFs due to increasing interest from institutional and retail investors. And as many people have said, if an ETF is approved it can increase the price of Bitcoin and there will be more interest from various circles, and this is especially seen in the increase in Bitcoin prices beyond the previous ATH which will most likely continue.

Bitcoin overcame Silver market capital a time ago As far as I remember I came to know about this news last week but Bitcoin is not stopping here it is going upward unstoppable along with the silver market cap bitcoin has overcome the two largest country currencies which are Russian rubble and Switzerland Swiss Franc. These two currencies were the world's top 13th and 14th currencies and Bitcoin has surpassed them. Here are the reference links to the news I was reading...

• Bitcoin Surpasses Russian Ruble to Become 14th Largest Currency
• Bitcoin beats Swiss Franc as 13th largest currency in the world

Bitcoin is still so bullish at the time I am writing this post, Bitcoin has touched the $73K market Zone now as we know that the market made some correction near the Halving event now the point is that how much the market can make a correction after or before the Halving event I am not expecting big correction because is already sitting too high. What do you guys say about it? share your opinion over this I would love to know. Many Thanks!

 

This is not a crazy achievement, but an indicator that the emphasis is shifting from traditional (physical) financial instruments towards digital (virtual) ones.

What was valuable before is now obsolete.

It's not crazy, it's amazing.

The value of a precious metal lay not in the fact that it was a precious metal or because the metal possessed any physical properties, but in the value that humanity placed on the metal. Value is a very subjective concept whose focus can shift. For example, scarcity greatly affects value. There was a period in human history when aluminum was valued more than gold (due to technological difficulties with its production).

So, times have always been crazy. Money and value are not losing meaning, but there is simply a paradigm shift in the financial sector. And it seems that changes are now happening in the direction of digitalization. The dawn of a new BTC-era.

i don't think that's anything crazy, in fact it's a very cool thing, considering that silver has been around for thousands of years and it's still traded today along with gold, but its value now is lower than bitcoin. this proves the potential of bitcoin in the future and its use on a wider scale in many countries. even though there is a shadow that the value of bitcoin will fall due to a bear market, for now let's admit that bitcoin is the best digital asset that people can get.

Now it is time for virtual assets like Bitcoin to be at a higher value than precious metals like Silver and to me that also makes sense even though previously it wasn't as crazy as it is now. Because currently, if we look at the people who like precious metals and those who like Bitcoin, they are almost equal, so it makes sense for Bitcoin to surpass the value of precious metals like silver in conditions like today. And this indicates that Bitcoin is not only an asset that can provide profits, but also the best asset that can surpass the value of any precious metal.

This is hard to believe, i don't think Bitcoin market cap will ever beat the gold market cap, we are talking about a market that is worth 10 times more than BTC market at its current ATH. And if that happens then Bitcoin would be the most valuable asset in the world, and that sounds just crazy to me.

And to be clear, when i say 10 times more I'm not saying the price would be $727k, I'm saying the market cap should be more than $14T.

It is no surprise really although if you tried to explain this to people from
the older generation they would probably not believe you and would even have a hard time trying to figure it out

Time is changing and even with the fact that we are now in a world filled with innovation and technology, it is still crazy to think that minerals that came from earth are now considered cheaper than a digital currency

It makes you ponder and put things into perspective when it comes to our future.

It's nuts to think a virtual thing is worth more than actual silver. The times we're in are just bonkers where money and value seem to be on a rollercoaster ride. Markets decide the rules and now a digital asset is outshining precious metals. The way cryptocurrencies especially Bitcoin are shaking things up challenges what we thought about money. These days, it's not just gold and silver because it's virtual gold leading the pack

Crazy indeed and this is a slap to those people that still talk shit about bitcoin. They think that it's a scam until now but despite all of their skepticism, Bitcoin is doing records that are proving that this is a very reliable and worthy asset than any of the other. It's still new to be honest and many haven't been get to hold and taste how it looks like by owning it. Soon, it is going to break the other stocks from the FAANG and will be able to make it to the top 5. Who knows if in less than another decade if it's going to reach the top 1, it is going to take time and quite hard I guess but it's possible.

Sometimes we see bitcoin compared to gold even though bitcoin and gold are two different things. Bitcoin is virtual currency but it is very valuable whereas gold is real metal which is very valuable in the world. The amount of Bitcoin and the amount of gold is actually difficult to calculate. We can define the value of a bitcoin but there is no specific calculation or measurement of gold. The more you measure gold, the more it will increase in value, but the value of a bitcoin is fixed, just as a gold is fixed but has no value because gold is never fixed. You say bitcoin is worth more than silver but I don't understand the exact measure you are talking about.

They need something to compare with each other even they know two assets are different. Bitcoin is digitalized, blockchained and gold, silver are physical assets. They are also different in available supplies that can not be known exactly but with Bitcoin, we know it is only 21 million bitcoins will ever exist.

This big difference makes this comparison has weakness.

How is the 21 Million Bitcoin Cap Defined and Enforced?

People can read that one and understand more about Bitcoin total supply.

I wonder if people will ever stop comparing Bitcoin to something it is not comparable to at all? It is not at all "crazy" that Bitcoin is worth more than silver or that perhaps one day its total value will be greater than gold - because there are silver and gold in undetermined quantities on our planet + who knows how much more on other planets and asteroids.

If something exists in very small quantities, and 21 million BTC is actually a very small quantity, and at the same time there is a great demand, then it is quite logical that it will have a great value. Gold&silver bugs will find it a little harder to accept, because those who listened to just such people in the past may feel a little disappointed today because they believed that investing in precious metals would somehow protect them from inflation.

Yes, after Bitcoin price crossed the previous ATH, its market cap increased a lot and finally crossed Silver's market cap. Bitcoin is now a hugely valuable asset. Countries that have declared Bitcoin as a legal currency and the more money invested in Bitcoin, the more economically advanced the country is. Because Bitcoin has pumped almost everyone's investment has doubled and more. Bitcoin will bring more miracles in the future that we may not be ready to take advantage of that

Haha, I know it is just to say but Bitcoin in worth was more worth at its TIME LOW of this cycle, even more worthy of gold, but in capitalization journey started now, waiting for the one of top 3 spots for Bitcoin. Not so far I know that, why it seems crazy to OP that a virtual currency cant be more worthy than a precious (Low-class metal silver) and precious (High-class metal gold).

Haha let's put some crazy stuff in it, comparing the worth of Bitcoin with anti-matter haha, Fiction science and theories should be afraid of Bitcoin anyway jokes aside, Bitcoin is on its ATH as a good investor time to save some profits.

 

Because bitcoin is an asset, I think it is more appropriate for us to compare it to silver or gold than to compare them to the capitalization of the world's corporations. Bitcoin surpassing silver's capitalization is an achievement, but not a huge one. Gold and silver are both precious metals but there are major differences between the two. Gold's capitalization is over 13 trillion, while silver's capitalization is just under 2 trillion, so I would wait for bitcoin to surpass gold and that would be a huge achievement worth celebrating.

You know one thing that raises the market cap of a company or asset is the volatility in price of that asset and that’s why the traditional assets are not growing in market price like the cryptocurrency assets we have now. For bitcoin to surpass the gold which is around $14T we might have to get a bitcoin price to be above $700 per one base on the current Bitcoin circulation. In as much as this is possible it will not be a thing of an immediate future maybe in the next 10 years to come and also the Gold market cap might have to remain stagnant; which is not possible.

Bitcoin is getting closer to become Digital Gold, sadly Litecoin which people say it's a Digital Silver, can't even reach top 100 ranks.

Since most people keep predicting Bitcoin price will cross $100K during this time bull run, it means Bitcoin market cap would be $1.9T, so technically Bitcoin will overtake Amazon's position if there are no big changes.

Currently Bitcoin's position is still in eighth position. However, many people say Bitcoin is digital gold. Maybe it still takes extra effort for Bitcoin to make it happen and be in 2nd place below real gold.
and when that happens there will be no doubt that bitcoin can become the world's digital currency.

As at now, the price of Bitcoin is worth more than silver, but not gold. Alot is sure happening in view of the precedented halving. Alot has also happened since the Bitcoin spot ETF approval and analyst sound so sure that the ETF approval occasioned the increased price, of which would keep pumping to about $120k on or after the halving.
If you still intend to buy, do so now. If possible, DCA from now. The worth of BTC is still being processed.

Yes, the current level of trust is focused on BTC because BTC is experiencing a very rapid rise. Let's see, when BTC is experiencing a decline, there will be a lot of ridicule from people who didn't like Bitcoin from the start.

On the contrary, they are making a lot of sense now. Big business in the 21st century, unlike the 20th, has been done on the internet, and the capitalization of Bitcoin goes in line with that. The value of the 21st century is primarily digital. Think, for example, that states are planning CBDCs to convert money to digital.


Gold would be the last, the next thing to beat in capitalization would be Google.

It is definitely an achievement with cryptocurrency at the forefront. It is incredible how much technology can do and you can see that finance is changing and we here, members of Bitcointalk, are elated with this.

Can we treat this like subscriber battle? Up next is Gold? Lol.

X

I think this is an achievement and one of the milestones for Bitcoin. Basically Bitcoin has outperformed the natural resource or precious metal silver as the price of Bitcoin has surged to a much higher level over the past few days. We all know that Bitcoin is a virtual currency that many call digital gold. Now the point is that since the price of Bitcoin is volatile its price fluctuates constantly whereas the price of Silver does not fluctuate constantly like Bitcoin. Now Bitcoin has overtaken Silver but it is doubtful if Bitcoin can hold this lead as Bitcoin price is now around $72k if it crashes from there it will come back below Silver again.

Bitcoin rose to number 8 ahead of seven other assets as the price of bitcoin rose. If bullrun season starts in the market after bitcoin halving then definitely bitcoin price will rise and if bitcoin price rises to $150k then maybe bitcoin will be able to cross Amazon and Alphabet (Google)

And it will be more valuable than silver as more investors still patronize bitcoin. silver doesn't have the importance features of Bitcoin. One of the most fascinating thing about bitcoin is volatility  and it massive adoption as a digital money, it solves more financial problems than silver.

Just a precious metal and nothing more. What more effort has it contributed to the society? On like Btc which eliminatesd financial crisis, used for transaction and investment as a store of value. And can last longer than silver

I know people would have been checking the market capitalization of Gold when Bitcoin was moving higher but Gold did the more surprising things by adding more trillion dollars this time to make people shout their mouths, or else, the comparison will be more. Now is the turn of Silver since they see it as a weaker Gold. Well, the market capitalization of Silver can never be more than that of Bitcoin over time, it is an easy prediction as Silver has always stabilised around a little above a trillion dollars, and of course, we all know that Bitcoin would surpass it with time due to how people and institutions are focusing their attention on it.

But I do not see any craziness here as you claimed and it doesn't have to be a physical asset before people would appreciate it. Gold, Silver and any asset that is expensive today are so because people appreciate them and give them relevance through the money invested in them. The same is applicable to Bitcoin irrespective of whether or not it's physical. This is people's money on a good initiative (blockchain), this is priceless at the same time because it has changed the financial system to the point that even central banks have their projects on blockchains these days. This shows that it is even worth more than what it's being priced today due to its status as the pioneer of the payment blockchain initiative. I only hope that Bitcoin will hold/sustain the edge above Silver for long because the capitalization tends to reduce again during the bearish season which could make it inconsistent against Silver.

If anyone is still uncertain about Bitcoin potential, they can check price chart of gold and see how it has moved since 2004. 2004 is a year when Gold ETFs were approved in the USA.
https://goldprice.org/

2024 is a year when Bitcoin Spot ETFs were approved in the USA. Good things are only starting for Bitcoin.

You can get it with another site
https://companiesmarketcap.com/assets-by-market-cap/

But it was already worth that more than silver back then right? In it's previous all time high but definitely it's a good thing that it's more valuable than any precious metals out there, it's a really good thing that this kind of thing happens though, gives the investors confidence that bitcoin is going to be going big even more and I think that gold is going to be the next one that's needed to surpass. If you're reading this and you're still doubting that bitcoin will go anywhere, you're probably going to get left behind again and again and it's going to be a vicious cycle for you.

Well, yes that's true but the point is that people are valuing bitcoin even more than others, I think that utility alone is the reason that someone should be valued even more, I mean we don't really need the war machines of Lockheed Martin but they're more expensive stock than others that have an arguably more civilian use than their products right? So it's not utility I think, more like growth and the confidence of the investors to the product I think.

Silver defeated, and Bitcoin has barely started!


Think about this. Silver is a respected precious metal with a very long history being used by humanity.
While Bitcoin is 15 years old and the vast majority of people either dont have a clue about Bitcoin or they actually think it is some really bad thing haha.

And Bitcoin has already eclipsed Silver's value.

Won't be too many years until we're talking about Bitcoin's market cap in multiples of silver: 5x Silver, 10x Silver, etc


Gold is still very far off, probably a couple decades, but there is zero doubt Bitcoin will eventually eclipse it as well, and grow far larger than Gold.

Bitcoin is coming for that top spot. Just needs to do another 10x here to surpass Gold and become the #1 asset in the world. While it does seem far fetched, when you consider the amount of volume and liquidity going into these ETFs in recent days, I'm sure you'd have a different perspective on the matter. I have looked at the numbers and data of the last 6 months and it's mind blowing to say the least.

This is not saying the road will not bumpy. It would be, but it's important to keep in mind that Bitcoin is currently in uncharted waters (no known resistance) and enough liquidity is being pumped into the market. What a time to be alive!

Objectively speaking, silver has way more utility than Bitcoin as it is used in many industries and if not for silver, a lot of things would be more expensive today. Meanwhile if all coins vanished tomorrow, the world wouldn't even notice and wouldn't feel any inconvenience. So this is just another reminder that marketcap if not a good representation of usefulness and value for society.

The crazy move of Bitcoin is one reason I don't just Bitcoin as a cryptocurrency. I see Bitcoin as a paradigm shift, that is here to change the perspective of people. Obviously it has done it with a few years, surpassing silver market cap.

Based on my perspective of Bitcoin I have a speculation that Bitcoin or cryptocurrencies at large will be more valued than physical assets, perhaps Bitcoin is making a solid move even with it's flaws that has kept some countries away from it. This is revolution, life bring forth a new way of living. Bitcoin is the shift in thinking (paradigm) that our generation has witnessed.

Bitcoin proves that a digital currency or crypto currency can become as powerful as a fiat currency or those minimal assets such as gold, silver, etc. But bitcoin will never be powerful or achieve where it is now without us, investors, holders, and anyone who believes in bitcoin. We should thank ourselves because we are one of the reasons why bitcoin is being high right now and reaching another record or ATH. Without us, there is no bitcoin, and without bitcoin, there's no us that has a great opportunity thanks to bitcoin.

No matter how high or powerful bitcoin is, we know that it still can't surpass other currencies, but at least it is considered one of the most profitable currencies and surely will attract more investors, which could expand the influence of crypto currency. That's why I stop trading gold or silver assets, as the risk there is too great, and I also think it is not worth the risk.

There is always a surprise for Bitcoin which is why investing in Bitcoin is more worthwhile than any digital asset in the market as it has proven so many times. The majority has been in doubt before but now, most of us are on the watch for it. Bitcoin is a changing game of life as people are buying more Gold and Silver than before but now, people are selling Gold and Silver for Bitcoin. That is how it changes the view of the community and the courage to invest. We can't deny the fact that Bitcoin is heading to a better future, the more people appreciate it, the more it grows and spreads. 10 years from now, maybe we are seeing its value double from the current price.

Bitcoin is just set to beat so many records and surprise many people. Although, bitcoin has long been referred by many people as a digital gold and it is time it will begin to manifest. The market capitalisation of bitcoin is high and surprising that bitcoin achieved this while only being available for barely a decade. This means that before bitcoin will be 30yrs old, it will worth more than gold and it will be more scarce than as expected.

This generation, it has been easy and easiest generation to be a millionaire. Bitcoin is doing it's part and I believe bitcoin has quite more to offer us.

Bitcoin os the internet money, and there is no competition to that, unlike silver that have several competitors and is ranked even below most of its competitors like Gold, diamonds and other precious metals.

Silver may have exist for a long time now, and the market stability may have been build over the years, but still cant match up with bitcoin which is just a decade-plus old because of bitcoin peculiar nature and functions.

I guess this just shows the power of the internet and crypto - Bitcoin keeps reaching new highs, while old-school assets like silver struggle to keep up.  At this rate, it won't be long before Bitcoin sets its sights on bigger targets like Alphabet (Google).  Its market cap is around $1.79 trillion now.

You are making a lot of sense, the scarcity of a commodity makes such commodity very valuable, sometimes I also thought of something, I feel that the limitation in the supply of Bitcoin is the reason for its price increase over time and dominance in the crypto market., volatility has help bitcoin to remain relevant as long as crypto currency market is concern.
The bitcoin market is a seasonal market and every season has what it brings to the market that's why every knowledgeable bitcoiner will always tell you that you shouldn't be discouraged because of the volatility of this digital asset, the major concern of every potential investor should be targeted at his long term journey.

It's an achievement and a milestone, undoubtedly, however, what's more important is whether it will be able to keep that lead for very long because Bitcoin is a highly volatile asset, it gains value over time but it loses value as well later on. If it's market capital is worth more than silver's today when it's priced above $70k, it will be lower again once it drops back to $50k or even $60k, that is the biggest thing that matters in my opinion.

We should also not ignore the fact that Bitcoin is more scarce than Silver or even Gold, the supply of Gold and Silver is way higher than Bitcoin, which makes Bitcoin gain more value than them based on the demand if it keeps increasing and this is what made Bitcoin achieve this.

It's just adoption that has made unbelievable things believable. Traditional people at first, thought of BTC as a scam, but now as it has got so much adoption mainly due to the ETF approval, those have also started to invest in it. ETFs have streamlined the way for old and traditional people to invest in BTC indirectly. I was having a conversation with my cousin who had no idea, he asked how BTC is getting value, and I told him the main factor is demand and supply, and what is keeping its value up this whole time is more adoption and scarcity. But I was amazed to see his POV, which is he said, (we) used to say there is gold behind currency, he said to me, our government tells lie there is no gold.

Hahaha, this seems absurd but who knows, talking about silver a physical asset that we can touch that we can burn, but here BTC we can't touch it, but still it has crossed silver's M.Cap. If people had not have adopted it then it wouldn't have been possible for BTC to cross silver. Adoption is what makes this possible. A time will come when BTC will cross Gold's M.cap also. BTW, AFAIK BTC has crossed the silver market cap for a long time. I saw this news like 1 month ago maybe.

People have already been calling bitcoin a digital gold and now when we see this turning a reality shouldn't be a surprise, since it has achieved more than what many other currencies or asset could do over years in just not more than 13years, we should expect more with bitcoin because it turning a revolutionary mainstream digital currency, those that have already adopted will never be ungrateful about this.

I think this is a crazy achievement for Bitcoin, with a total market cap of 1.42T vs the silver market cap of $1.38T right now Bitcoin is worth more than Silver.

And is crazy to think, How a virtual asset can be worth more than a precious metal? It's crazy times that we are living in, and money and value are just losing sense. Markets decide what should worth a lot and what should crash.

Source: https://8marketcap.com/