Bitcoin will replace the Silver Marketcap

[Rexler]

It look like bitcoin is heading to replace the silver marketcap this year. How quickly bitcoin is moving up, no one can't imagine.

This is achievable with the current bull run we are experiencing, if the bull run continues till the end of this year, then bitcoin might just surpass the marketcap of silver by then the price of bitcoin must have risen to $85k+, also looking at the chart the marketcap of gold is really large it might take bitcoin more than 5years+ to be able to beat that, cause it still needs to gain the trust of other large investors not just the current ones, nevertheless anything is possible.

[Red Pie]

we will see you playing to the top soon. After 2020, bitcoin will be constantly on the world's economic agenda. I think that the countries' efforts to release or extract stable coins are due to their fear of bitcoin. I believe we will come to a situation that can compete with gold.

[OscarDavidson]

The dynamics of bitcoin growth is surprising. Now the 8/10 position seems unimaginable to us, but one day the day will come when bitcoin will take 1st place of that list. Most people now find it hard to believe. But we know here that this is inevitable, don't we?

I completely agree with you, fellow. I know some people do can find it's hard to believe such ideas but not for me. I'm a crypto enthusiast to the core. 1 BTC coin already costs more than one pound of gold. It's only a matter of time when Bitcoin's market cap will be in the first position in this list.

[pixie85]

People who invest be it stocks gold silver or bitcoin are a special group, usually smarter than the average wage worker and we are all in the same team. More or less

Completely depends. Tell me that 5 years ago and I'll agree a lot more. Today though? Where investing is gamified enough that even people who don't know crap about investing can invest in just a few taps on their phone? While I don't disagree, I definitely have mixed opinions; only somewhat agree.

You're right about access to investments being easier than ever but the group that invests by a phone app is mostly weak hands. I might be wrong but I would not expect someone whose first idea of investment is an app from google store to be a long term investor or to treat this as a way to build a portfolio or secure their future.

These are fish we're talking about here. Real investors who own silver will keep it as a hedge even if it loses to bitcoin in market cap.

[seramania]

to overtake silver it looks like bitcoin is not that difficult, it only needs to increase the market by a few percent and the time needed is also not too long. 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.

[Ryker1]

to overtake silver it looks like bitcoin is not that difficult, it only needs to increase the market by a few percent and the time needed is also not too long. 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.

Well, if this will continue the bull run at least for how many months, there is no doubt that the market cap of silver will be surpassed by the bitcoin.
Bitcoin investing now is very trending everywhere and the fixed amount that gives the price fluctuated too much compared to silver which has an unlimited supply. Look at this news, ^{[ https://www.apnnews.com/bitcoin-market-cap-nears-50-of-silver-surpasses-32-of-ftses-100/ ]}, if you see, bitcoin was almost there and ready to surpass silver.

[Shasha80]

With Bitcoin's improving performance, it is possible that Bitcoin can eventually replace Silver's position. Especially now that many institutions have
started investing in Bitcoin, so I am optimistic that it will only take a few more months for Bitcoin to pass through the Silver market cap. Now on
the internet there are many articles that talk about Bitcoin, so the popularity of Bitcoin has increased very significantly. In fact, there are many
celebrities who are getting enthusiastic about Bitcoin too. Bitcoin should be able to replace Gold's position in the future, although this will take quite
a long time.

[dansus021]

 

[ubercool]

Frankly speaking, I don't care about other company market caps, but gold and silver are the most trusted, used, and traded assets in every situation and in every part of the planet. It's definitely great news for all of the crypto community when Bitcoin crosses Silver and aims towards Gold. We all dreamed of that world where Bitcoin proves that it's a better asset than Gold and we have more support here. 

[Obito]

Frankly speaking, I don't care about other company market caps, but gold and silver are the most trusted, used, and traded assets in every situation and in every part of the planet. It's definitely great news for all of the crypto community when Bitcoin crosses Silver and aims towards Gold. We all dreamed of that world where Bitcoin proves that it's a better asset than Gold and we have more support here. 

When was the last time that someone used gold to buy a chicken or a beef in the market? It is not the most used and most trusted and traded asset in every situation. That was a long time ago when Mercantilism was still a thing. I do agree it is a great news but bitcoin surpassing the market cap is still one big pipe dream for it to happen. There are still oil barons in the Middle East that needs to be defeated, Apple is still on the rise and more companies are rising everyday.

[xceltoken_plus]

My main takeaway is obviously not to pit silver against Bitcoin. Rather, it's to point out their similarities, and the opportunities they offer going forward.

Investors should not look these options as mutually exclusive. Instead, they should simply own silver and Bitcoin.

Yes, they are likely to be volatile. But they also both have wild secular bull markets ahead of them.

[DexHaer]

If the facts about silver shortage is true, its price can go up.

[vin1103]

its very possible for bitcoin replace silver on marketcap digital tech goin crazy since covid 19, and digital comodity (digital currency) have good future even elon mush accept crypto for transaction

[cr1776]

Gold is the no.1 target, and not silver. The case with silver is a bit complicated, because silver is widely used for various purposes in industry, and not just for investment. Silver is used in solar panels, conductors, water filtering.etc. So it is quite difficult to get the amount of silver, that is being held as bullion. Gold also has industrial usage, but that represents less than 0.1% of its annual mine production.

You are exactly right.  Silver is a mere milestone on the way to gold and more. 

[JohnBitCo]

Gold is the no.1 target, and not silver. The case with silver is a bit complicated, because silver is widely used for various purposes in industry, and not just for investment. Silver is used in solar panels, conductors, water filtering.etc. So it is quite difficult to get the amount of silver, that is being held as bullion. Gold also has industrial usage, but that represents less than 0.1% of its annual mine production.

The correlation between Gold and silver is exactly similar as between bitcoin and ethereum. Bitcoin is a store of value which is mostly for investment while we have a lot of smart contracts and use cases on ethereum.
I hope one day Ethereum will also be in the top 10-20 marketcap assets.

[Asusnumbaone]

It look like bitcoin is heading to replace the silver marketcap this year. How quickly bitcoin is moving up, no one can't imagine.

Bitcoin today have high price and many of the investor want the bitcoin, social media giving an attention on the bitcoin compare to the gold or silver many people want to lear about trading or investing on cryptocurrency that's why this is the reason bitcoin will surpass silver or gold.

[hulla]

Bitcoin and the whole market at large make a remarkable price growth this year. Footing news of about Khurram Shroff ( the chairman of Dubai’s IBC Group) promised to make the highest institution investment that worth $4.8bn in Bitcoin and some other institutional investors that will join the race I believe Bitcoin will replace silver and other commodities range in the Marketcap list.

[concept2]

Bitcoin will definitely surpass this metal. Mark my words. From the bottom of my heart, bitcoin is now become the best asset to invest and gain profit. Soon, we will see this digital currency skyroket and hit $100000.

With the larger market cap, more people will look at bitcoin with a different eye. They will no longer criticize bitcoin excessively and start to invest their money in this inestimable cryptocurrency. In the next few years, bitcoin surely make the world surge under its feet

[leea-1334]

I do not doubt this for a moment that it will happen. More Bitcoins coming into supply and price going up, but I do not think it will happen as soon as we might think. I hope to be proven wrong,,, but I really do not think it will mean one thing or other though:) Silver will still be seen as a good alternative to gold:)

[josgandosbro]

Silver market not easy to replace the Bitcoin market place. So any coin not reach the Bitcoin price and place. It any time to up and down. It not easy guess the prices. So silver Market also chgen the price any never will Reach the Bitcoin price. All market place any time to change. So before invest choose the coin and invest it. It any time to hit the price. So time to acct.