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April 18, 2021, 08:09:55 AM |
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I can authoritatively say that Bitcoin is on its way to becoming the Google of cryptocurrency, and shortly bitcoin will surpass Google in market capitalization.
What is your opinion about this?
I agree with what you say but not so much agree with the adjective you use, I guess it's a way of saying you are sure. If you look: https://companiesmarketcap.com/assets-by-market-cap/You will see that before Google the Bitcoin has to supass silver, after Google to Amazon, etc. I am more interested about when it surpasses gold, which will make Bitcoin the undisputed No. 1 asset.
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CryptocurencyKing
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April 18, 2021, 08:25:23 AM |
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I do not have other things to compare bitcoin with than gold. Gold with a marketcap of over $11 trillion, this is the greatest asset of all time. Because bitcoin is still at its early stage, but some people will think it is not.
Yeah. The only thing you can make a comparison with bitcoin is the gold. They might be distinctively different in there nature but has similar functions. Gold served as a currency at a time and now, its an asset and a save of worth. This is where bitcoin stands, as a currency for the future and others see it as a save of worth which is the reason why, most people don't like to spend bitcoin due to its volatile nature. These are places of comparison not with Google and a marketcap what so ever because definitely, should market cap be used as a base, we might as well compare bitcoin with every other company or investment. Well, bitcoin is far from attaining its worth as it could be said to be in its early days but in time, it would surpass most of the expectations on it.
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kpierce77
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April 18, 2021, 08:41:44 AM |
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I can authoritatively say that Bitcoin is on its way to becoming the Google of cryptocurrency, and shortly bitcoin will surpass Google in market capitalization.
What is your opinion about this?
I agree with what you say but not so much agree with the adjective you use, I guess it's a way of saying you are sure. If you look: https://companiesmarketcap.com/assets-by-market-cap/You will see that before Google the Bitcoin has to supass silver, after Google to Amazon, etc. I am more interested about when it surpasses gold, which will make Bitcoin the undisputed No. 1 asset. The bitcoin market cap will increase rapidly with the many positive trends at this time. it's a bit irrelevant when comparing Google with bitcoin, imo. But yes, knowing that bitcoin market cap is almost 3 times that of Visa is something in itself that we can be proud of as supporters of bitcoin and crypto. It might be a little difficult to reach the gold market cap, but I believe when we enter the mass adoption stage of crypto and blockchain, the bitcoin market cap will reach the current gold market cap level
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cydrix
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April 18, 2021, 08:51:09 AM |
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bitcoin reaches a new milestone when its market capitalization settled at $1.25 trillion this week this height has made so many analysts including myself to compare the giant of cryptocurrency (bitcoin), to Google the king of search engines and video streaming in market capitalization.
Bitcoin market capitalization as of the time of this writing is $1.14 trillion.
Google’s market capitalization is $1.5 trillion.
With the current surge in the bitcoin market, I can authoritatively say that Bitcoin is on its way to becoming the Google of cryptocurrency, and shortly bitcoin will surpass Google in market capitalization.
What is your opinion about this?
One problem might arise is the fact that market cap can't stay as it is for a long long time. That value might dwindle in the long run but for the mean time it doesn't show it's weakness and it is steadily rising as of now. So yeah we might consider Bitcoin as GOOGLE of cryptocurrency.
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415jeremy
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April 18, 2021, 08:57:05 AM |
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Bitcoin uses the benefits of being the first. So no matter its market capitalization, Bitcoin is "Google" in the crypto world.
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nelson4lov
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April 18, 2021, 01:02:02 PM |
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~Snipped
Bitcoin vs Google doesn't seem like a good comparison at all considering both entities offers completely different use cases. A more suitable asset class that fits the comparison against Bitcoin is gold since it's also an asset that could be bought or sold in order for it to be invested in just like Bitcoin. Since we have a worthy competitor to BTC, Its worth noting that given the current difference in market caps between both assets, Bitcoin still has a lot of catching up to do in the next couple of years. Whether that would be during this bull run or the next, we don't know.
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agg2702
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April 18, 2021, 06:15:19 PM |
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I'm confused comparing these two big companies. obviously these are very different and contradictory and I am not able to compare the two because there is no clear correlation when comparing the two. for me the two can not be compared if the price problem of these two companies is very clear large companies but can not be compared with each other. I can better compare like google with youtube/amazon and bitcoin with gold.
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fiulpro
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April 18, 2021, 06:55:03 PM |
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bitcoin reaches a new milestone when its market capitalization settled at $1.25 trillion this week this height has made so many analysts including myself to compare the giant of cryptocurrency (bitcoin), to Google the king of search engines and video streaming in market capitalization.
Bitcoin market capitalization as of the time of this writing is $1.14 trillion.
Google’s market capitalization is $1.5 trillion.
With the current surge in the bitcoin market, I can authoritatively say that Bitcoin is on its way to becoming the Google of cryptocurrency, and shortly bitcoin will surpass Google in market capitalization.
What is your opinion about this?
Let me use this article to share another article which was written back in 2020 where the guy said how google and other big companies need to kill BTC and that too fast ! https://www.forbes.com/sites/billybambrough/2020/04/19/google-facebook-and-apple-need-to-kill-bitcoin-to-survive/ I do believe articles like this and at the same time the current figures does show us how the current trend is changing across the globe. It is indeed wrong to compare one centralized body with another decentralized Currency but at the same time the figures speaks for itself. - I wonder how much BTC is google holding. Bitcoins is something which is a very essential part of many big companies, at the same time the current down trend is a perfect opportunity for other companies who did miss the opportunity to invest in BTC. This Comparison might be a simple key to show people who know less about bitcoins the benefits of this crypto and how over the years it had grown from 0.0008$ to around 60,000$!! Even more ! This is astounding and people do have to understand that google started at around 85$ per share and now it's around 2282$ if the figures on google are correct so you can very clearly see who is the winner here even if the market capitalization is different.
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XCANA
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April 18, 2021, 07:06:09 PM |
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Bitcoin should be compare to other companies and not such as Google which can't be compare to such asset like bitcoin. The right comparison we should be looking at in terms of market capitalization should be Gold versus Bitcoin. These two asset match, and can compete with one another. The truth is, bitcoin will surely surpasses the Gold market capitalization within some period of time IMO becasue of the institutional investor that are currently flowing into the system.
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macson
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April 18, 2021, 07:30:10 PM |
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snip
What is your opinion about this?
seeing this topic make me was reminded of the many accounts on Twitter that compare Bitcoin's market capitalization with national savings funds or value from large companies other than google. but yeah Bitcoin has made new history and if i'm not mistaken, Bitcoin continue made new history several times since the beginning of this year. Bitcoin will continue to create new history and nothing will stop that.
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Nhazwrath
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April 19, 2021, 03:24:36 AM |
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I don't think its a good comparison, Because bitcoin has no CEO, no HR dept, has no operation costs, no employees. and such..no inherent search engine.
To compare something like bitcoin to a traditional company. I am aware that there are equivalents between the two. but they serve dif purposes and do no compete against each other.
Microsoft vs Google is worthy of comparing they function in the same sphere even if they have different product
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kuldipgajjar
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April 19, 2021, 03:58:52 AM |
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Bitcoins are earned by people in the network called "miners", who solve deliberately complicated equations using brute force processing power, under the so-called "proof of work" protocol.
The protocol is designed to maintain network integrity, ensuring a stable supply of the currency by making the calculations more difficult when many people are mining, and easier when few miners are at work.
The system is designed so that around every 10 minutes, the network awards some bitcoin to those who have successfully cracked the puzzle.
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skpanchal
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April 19, 2021, 04:03:02 AM |
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The second most used cryptocurrency, ethereum, is considering moving from the proof-of-work protocol to a less energy-intensive system that would avoid some of the energy-guzzling processes. But bitcoin would face huge difficulties in adopting such ...
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MrcMrc (OP)
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April 19, 2021, 10:00:14 AM |
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~Snipped
A more suitable asset class that fits the comparison against Bitcoin is gold since it's also an asset that could be bought or sold in order for it to be invested in just like Bitcoin. You are right, Bitcoin and gold are in the same class, as investment and commodity. But the comparison is in terms of market capitalization and popularity. It will take bitcoin some years before we can compare it to gold as at now gold market capitalization is $11.27 trillion this is way too much to be compared to bitcoin, which $1.25.
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isaac_clarke22
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April 19, 2021, 11:29:20 AM |
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Wait and see and it will surely surpass that 1.5 trillion market cap of Google. Soon another thread will ask "Bitcoin vs Apple" through market cap as well. In the end, we can't compare the two just by what is better through market cap.
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maxreish
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April 20, 2021, 04:03:01 AM |
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If bitcoin will surpass Google's market capitalization, then what? I mean i dont think we can compare google into bitcoin, and claiming it as Google's cryptocurrency isnt fair. They have different platforms and system, thus obviously have different market compositions.
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kryptqnick
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April 20, 2021, 02:27:05 PM |
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bitcoin reaches a new milestone when its market capitalization settled at $1.25 trillion this week this height has made so many analysts including myself to compare the giant of cryptocurrency (bitcoin), to Google the king of search engines and video streaming in market capitalization.
Bitcoin market capitalization as of the time of this writing is $1.14 trillion.
Google’s market capitalization is $1.5 trillion.
With the current surge in the bitcoin market, I can authoritatively say that Bitcoin is on its way to becoming the Google of cryptocurrency, and shortly bitcoin will surpass Google in market capitalization.
What is your opinion about this?
Bitcoin can surpass Google my market capitalization, but not in the nearest future. If I calculated it right, the price would have to be around $80k (a little more than that, actually) per BTC in order to surpass Google. But even when this happens, it would still mean little. Google is used by billions of people, whereas Bitcoin is only used by a few hundred million people. We definitely need more adoption to make Bitcoin reasonably comparable with Google, and marketcap is just one of the markers to take into account.
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Yatsan
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April 20, 2021, 10:30:18 PM |
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I see. People seems to be doing comparison between Bitcoin and other different companies market cap to see which makes it to be more powerful among the two and maybe to convince themselves how great Bitcoin is to be compared to other existing assets and companies around. I do not exactly know why there is always comparison happening when the fact that they are two different existing bodies and that it seems they are more likely have nothing to do with each other except for the market cap that people are always checking to see how much greater heights Bitcoin have already attained as time goes by.
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Pom_bensin
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April 20, 2021, 10:46:34 PM |
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Why comparing bitcoin to google? Whether by price, market cap, or etc. Can't see no %reason comparing them.
These companies with large market cap will be nothing when time goes if compared to bitcoin.
If you see that the comparison is actually not appropriate, Google should be more suitable than a comparable company, not crypto, which is not a company. maybe this comparison can be improved and can be used as a thread in the future
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Myleschetty
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April 20, 2021, 11:02:35 PM |
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It good to feel like compare Bitcoin with Google since they are both kings in the setting they operate but still comparing them don't seem right to me because they offer absolutely different services and potential. However, I believe Bitcoin capital have surpassed Google because the OTC trading are not included
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