Bitcoin will replace the Silver Marketcap

[Lorence.xD]

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It is too early for me to say Bitcoin surpasses silver.  Because silver has been around for a long time and is considered a valuable commodity.  Right now Bitcoin is still hype because big companies are starting to invest but if they suddenly back down on Crypto investing, I'm sure Crypto will collapse in lightning fast.

Not to mention that the silver is more than just a jewelry as it is used for electronics together with other precious metals. Maybe crypto will collapse or maybe it won't but one thing is for sure, if the global adoption rate of bitcoin continues at the current pace, I think that we can surpass silver in the long run but who knows what will happen as we are all just speculating the events that hasn't happened yet. I don't think companies would easily back down from their investment in crypto, they are in it for the long term AFAIK.

[JohnBitCo]

By the way can you give the source of the data so that we can check the real-time data ?

You can get the up to date data from here.

https://8marketcap.com/

Here you will find list of over 10,000 assets sorted by Market Cap.

[Coyster]

..I don't think companies would easily back down from their investment in crypto, they are in it for the long term AFAIK.

I second that as well, I'm also concerned about how long institutional Investors joining the network intend to stay with Bitcoin, quite a lot of users have voiced their concern on the influx of these investors and if they are just going to pull out sometime soon, taking their ROI and what that will do to the Bitcoin network, negatively of course. But I beg to agree with you, it doesn't look like these investors are short term investors judging by how much money they are investing/hedging with, I also believe the network will recover and find another factor to propel it forward, evading a serious crash if these investors back out sooner rather than later.

...but what we hope is that bitcoin can overtake gold. if this could happen it seems very extraordinary and proud for us to see today.

That atm looks rather unlikely, Gold is an asset that is considered a 'safe-haven', quite a lot of people believe Bitcoin is falling into that category gradually, but for now it's not just yet there, imo, before BTC can come close to Gold, it should have been mainstream by then, and that will take a really pretty long time.

[Lorence.xD]

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I second that as well, I'm also concerned about how long institutional Investors joining the network intend to stay with Bitcoin, quite a lot of users have voiced their concern on the influx of these investors and if they are just going to pull out sometime soon, taking their ROI and what that will do to the Bitcoin network, negatively of course. But I beg to agree with you, it doesn't look like these investors are short term investors judging by how much money they are investing/hedging with, I also believe the network will recover and find another factor to propel it forward, evading a serious crash if these investors back out sooner rather than later.

Well, with the amount they are pouring in bitcoin, I think that they are planning on manipulating the market because the only way you can influence the prices in the market, no matter what market it is is by volumes which means that in the long term accumulation they might have already projected that they are going to have more benefits than doing a short stint in the market. It does raise some concern but overtime as the demand goes up, it will be more difficult for this companies to accumulate those bitcoins.

[aysg76]

It only took Bitcoin 12 years to reach $1 trillion market cap which is fastest compared to the top big companies in S&P index 500 like Amazon, Microsoft,Apple.This was due to major rally in the prices and huge investment in the market by Tesla, MicroStrategy and other institutional investors.When prices plunged and reached almost $50k above in last year pandemic the growth was more than 300%.Bitcoin has come a long way within few years and we can wait for another few years and see it will on top of all and that's where we need to celebrate.The gold investors are turning into Bitcoin investment like Peter Schiff sons turns his portfolio into 100% Bitcoin and many more are in the way so just wait for that time.

[iTradeChips]

I got curious by the OP here so I did some research on my own and saw some news about it. It goes like this:

"Some on Crypto Twitter were even talking about Bitcoin overtaking silver as the sixth most valuable asset in the world. It’s currently ranked eighth, with a market cap of just $US1 trillion.

If silver prices stay constant at US$26 an ounce, BTC would have to trade at around $US76,700 ($99,100) to “flip” the precious metal."

My opinion on this is that this is big news indeed. This would make investors of other assets be able to invest in bitcoin and hopefully be able to profit very big on this. But of course, that is only if the predictions will come true. For me it is only a matter of when this will happen.

Source: https://stockhead.com.au/news/next-stop-us60k-alts-dump-as-bitcoin-pumps-and-the-bulls-dream-of-flipping-silver/

[galestorm]

The cryptocurrency has drastically grew through the years. From a market cap of 97 billion back in march 2020, to a market cap of 1 trillion in 2021. This just goes to show that bitcoin is moving in a much faster pace. But truth be told, there are people who are still skeptical of this digital currency. Little do they know that bitcoin holds more value and can potentially make it through the top 5 in the list that OP posted, IF and only IF they stop treating bitcoin as if it is a fraud's coin. I do believe that if a huge number of people start to invest on bitcoin and recognize its worth, the market cap of bitcoin would grow past of silver's market cap.

[shushu9977]

Bitcoin will replace the silver marketcap, because year of year, bitcoin breaks it’s own record and reach a good position. If bitcoin hits 90k/90k, then bitcoin will cross silver. If bitcoin hits 110k/120k, then it will reach top 3/4 position. Now see, what happen at end of the year 2021.