Bitcoin is worth more than Silver

[Poker Player]

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.

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.

Up next is Gold? Lol.

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

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[D ltr]

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.

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.

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.

[Bananington]

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.

[arjunmujay]

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)

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.

[Apocollapse]

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.

[Zaguru12]

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.

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.

[CryptoBuds]

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.

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.

[Hamza2424]

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/

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.

 

[leonair]

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/

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

[Lucius]

~snip~
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.

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.

[Catenaccio]

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.

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.

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.

How is the 21 Million Bitcoin Cap Defined and Enforced?

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

[Patrol69]

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.

[tabas]

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.

[Natsuu]

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

[Reatim]

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.

[seoincorporation]

Up next is Gold? Lol.

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

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.

[CageMabok]

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/

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.

[moneystery]

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.

[m2017]

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.

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.

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.

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.

[snowpega]

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!