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Topic: BTC > Silver (Read 38 times)

sr. member
Activity: 854
Merit: 424
I stand with Ukraine!
Today at 02:54:11 AM
#5
So here we are. What sounded impossible only a few years ago became a reality. Bitcoins market cap has officially surpassed silver.
And only today BTC has also beaten Saudi Aramco, a national oil company of Saudi Arabia and is now in 7th place of the top assets by market cap.
Next target: Amazon - for that to happen (assuming Amazon won't go up) we need BTC at around $108k.
Bitcoin surpassed Silver in market cap ranking but it can lose this leading position to silver in a next bear market. This is very possible but it is not important because I wait for years when Bitcoin solidly stands above silver in market cap ranking table and I expect it to happen in 2028 - 2029 bull run.

In near future, I don't know when like you, Bitcoin will jump to a fifth position with market cap higher than $2,1T which is market cap of Amazon and Alphabet. Fro Microsoft, Google, NVIDIA, Bitcoin will need more time, like one or two more market cycles, so it will possibly be done in 2028 or 2032.

Quote
To beat gold and get to the No. 1 spot, we'd need to make x9.5. Do you think it's possible?
Yes, I think it is possible but Bitcoin will need several more cycles to beat gold which has been existing in many centuries while Bitcoin has been here since 2009 only.

If any beginner in Bitcoin market is doubtful about that super bullish scenario, let's read
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
Today at 01:43:21 AM
#4
A time is coming when bitcoin will be next to gold. It is only a matter of time.

And only today BTC has also beaten Saudi Aramco, a national oil company of Saudi Arabia and is now in 7th place of the top assets by market cap.
Are you sure about this? Bitcoin marketcap has been above Saudi Aramco since some days ago, not long after its marketcap became more than silver marketcap.
legendary
Activity: 2436
Merit: 1561
November 20, 2024, 07:38:14 PM
#3
Getting to the number one spot might take a while, but if the demand keeps going up, who know?

It won't happen this cycle and who knows if the price will keep moving according to the 4-year cycles in the future, since every next halving has twice as little effect on new coins issuance as the previous one.
For that to happen we'll probably need some sort of catalyst, like maybe some countries actually introducing BTC strategic reserve, and if one of those countries would be a US, then it would be just a matter of time for BTC to overtake gold.

Remembering Bitcoin's fairly early years, I'm still in disbelief we are where we are right now.
copper member
Activity: 2170
Merit: 1822
Top Crypto Casino
November 20, 2024, 06:57:26 PM
#2
This made news a few days back. But give that Bitcoin price is quite volatile, you might see it going up and off the top ten from time to time. You know what happens during the bear market  Wink

Getting to the number one spot might take a while, but if the demand keeps going up, who know?
legendary
Activity: 2436
Merit: 1561
November 20, 2024, 06:37:32 PM
#1


https://companiesmarketcap.com/gbp/assets-by-market-cap/

So here we are. What sounded impossible only a few years ago became a reality. Bitcoins market cap has officially surpassed silver.
And only today BTC has also beaten Saudi Aramco, a national oil company of Saudi Arabia and is now in 7th place of the top assets by market cap.
Next target: Amazon - for that to happen (assuming Amazon won't go up) we need BTC at around $108k.

To beat gold and get to the No. 1 spot, we'd need to make x9.5. Do you think it's possible?
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