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Author Topic: When will Bitcoin catch up with Gold in capitalization?  (Read 5058 times)

Offline Wiseman

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #60 on: March 28, 2024, 07:22:33 AM »

It all depends on the price of Bitcoin, if we look more closely at this chart we will see that gold is in first place by a strong margin and all the others in the top 10 have approximately the same capitalization, taking into account the fact that Bitcoin increases 3-4 times after complication - division then you can safely multiply the liquidity of Bitcoin by 3 and we will see that Bitcoin can easily take 2nd place behind gold, and we will be able to talk about whether it will be able to overtake it only in 3 years))
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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #60 on: March 28, 2024, 07:22:33 AM »

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #61 on: March 28, 2024, 08:11:29 PM »

It all depends on the price of Bitcoin, if we look more closely at this chart we will see that gold is in first place by a strong margin and all the others in the top 10 have approximately the same capitalization, taking into account the fact that Bitcoin increases 3-4 times after complication - division then you can safely multiply the liquidity of Bitcoin by 3 and we will see that Bitcoin can easily take 2nd place behind gold, and we will be able to talk about whether it will be able to overtake it only in 3 years))
Bitcoin has the potential to be second behind gold, because we see the development and movement of bitcoin so far. but we know everything takes time. I don't think bitcoin will overtake gold yet, Gold is an investment legend. it is too difficult to replace gold in physical form, while bitcoin is a digital currency.

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #62 on: March 29, 2024, 07:58:07 AM »

It all depends on the price of Bitcoin, if we look more closely at this chart we will see that gold is in first place by a strong margin and all the others in the top 10 have approximately the same capitalization, taking into account the fact that Bitcoin increases 3-4 times after complication - division then you can safely multiply the liquidity of Bitcoin by 3 and we will see that Bitcoin can easily take 2nd place behind gold, and we will be able to talk about whether it will be able to overtake it only in 3 years))
Bitcoin has the potential to be second behind gold, because we see the development and movement of bitcoin so far. but we know everything takes time. I don't think bitcoin will overtake gold yet, Gold is an investment legend. it is too difficult to replace gold in physical form, while bitcoin is a digital currency.

While Bitcoin can not catch up and overtake gold, but soon it will catch up, it all depends on the price, and the price of Bitcoin does not grow like gold, gold can not grow 3-4 times in three years, but Bitcoin can and constantly does it.
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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #63 on: March 29, 2024, 11:24:32 AM »
While Bitcoin can not catch up and overtake gold, but soon it will catch up, it all depends on the price, and the price of Bitcoin does not grow like gold, gold can not grow 3-4 times in three years, but Bitcoin can and constantly does it.

I don't think that's going to happen anytime soon. At the earliest, in an optimistic scenario I think it could happen in about ten years, if not quite a bit longer. Realistically, bitcoin's market cap will reach 3 or 3.5T at the most in this cycle, while gold's market cap is at 15T. If we are optimistic for the 2028-32 cycle, the market cap could reach 10T, and perhaps in the 32-36 cycle it could surpass gold.
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Offline Wiseman

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #64 on: March 30, 2024, 06:53:52 AM »
While Bitcoin can not catch up and overtake gold, but soon it will catch up, it all depends on the price, and the price of Bitcoin does not grow like gold, gold can not grow 3-4 times in three years, but Bitcoin can and constantly does it.

I don't think that's going to happen anytime soon. At the earliest, in an optimistic scenario I think it could happen in about ten years, if not quite a bit longer. Realistically, bitcoin's market cap will reach 3 or 3.5T at the most in this cycle, while gold's market cap is at 15T. If we are optimistic for the 2028-32 cycle, the market cap could reach 10T, and perhaps in the 32-36 cycle it could surpass gold.

You look at the growth of bitcoin for the last 10 years and how did you build such a conclusion in 20 years ?)) it is a lot and you did not take into account the most important variable, it is the number of people who will have bitcoin in their hands and the more of them (and they are more every year) the more bitcoin will be worth and its capitalization will be larger.
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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #65 on: March 31, 2024, 05:53:19 AM »
You look at the growth of bitcoin for the last 10 years and how did you build such a conclusion in 20 years ?)) it is a lot and you did not take into account the most important variable, it is the number of people who will have bitcoin in their hands and the more of them (and they are more every year) the more bitcoin will be worth and its capitalization will be larger.
In the next 20 years, the price of Bitcoin will become very expensive because the supply of Bitcoin will become increasingly thin, it will be increasingly difficult for miners to get Bitcoin until finally the price of Bitcoin will soar. That's why currently I prefer to keep Bitcoin for a very long time because I believe Bitcoin will become very expensive if held for a very long time.

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #66 on: March 31, 2024, 07:26:14 AM »
You look at the growth of bitcoin for the last 10 years and how did you build such a conclusion in 20 years ?)) it is a lot and you did not take into account the most important variable, it is the number of people who will have bitcoin in their hands and the more of them (and they are more every year) the more bitcoin will be worth and its capitalization will be larger.
In the next 20 years, the price of Bitcoin will become very expensive because the supply of Bitcoin will become increasingly thin, it will be increasingly difficult for miners to get Bitcoin until finally the price of Bitcoin will soar. That's why currently I prefer to keep Bitcoin for a very long time because I believe Bitcoin will become very expensive if held for a very long time.
I think if the price of bitcoin crosses $100k this year then bitcoin can move from ninth position to fifth position.  Moreover, with the way Bitcoin is gaining popularity, in the distant future ten years from today, Bitcoin may occupy the third best position.  Moreover, if the various countries of the world give Bitcoin acceptance and universality, I don't think it will take 20 years for Bitcoin to overtake gold.  But in my opinion, both gold and bitcoin are going to become the world's most popular investment platforms very quickly.

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #66 on: March 31, 2024, 07:26:14 AM »


Offline Wiseman

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #67 on: March 31, 2024, 08:42:51 AM »
You look at the growth of bitcoin for the last 10 years and how did you build such a conclusion in 20 years ?)) it is a lot and you did not take into account the most important variable, it is the number of people who will have bitcoin in their hands and the more of them (and they are more every year) the more bitcoin will be worth and its capitalization will be larger.
In the next 20 years, the price of Bitcoin will become very expensive because the supply of Bitcoin will become increasingly thin, it will be increasingly difficult for miners to get Bitcoin until finally the price of Bitcoin will soar. That's why currently I prefer to keep Bitcoin for a very long time because I believe Bitcoin will become very expensive if held for a very long time.

I agree with you, if you hold Bitcoin for a very long time, you can get a good percentage, I don’t do this yet because every dollar works for me, when I have an extra 10-100k lying around freely, then I will also buy Bitcoin and keep it for several years.
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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #68 on: April 01, 2024, 02:16:59 AM »
I think if the price of bitcoin crosses $100k this year then bitcoin can move from ninth position to fifth position.  Moreover, with the way Bitcoin is gaining popularity, in the distant future ten years from today, Bitcoin may occupy the third best position.  Moreover, if the various countries of the world give Bitcoin acceptance and universality, I don't think it will take 20 years for Bitcoin to overtake gold.  But in my opinion, both gold and bitcoin are going to become the world's most popular investment platforms very quickly.
I even believe that BTC can enter the top 5 in this cycle when BTC reaches 150K - 200K USD, meaning that BTC cap can compete with NVIDIA, Apple and Microsoft cap. However, I also see that the rate of BTC price increase is slowing down and it is very difficult for us to accurately predict the time when BTC cap can surpass Gold cap. When BTC reaches 500K USD, fiat has also lost a lot of value and the Gold price can completely increase and Gold cap can exceed 20T USD.

Anyway, Gold cap could be a worthy goal for BTC to aim for in its journey to develop and be widely accepted globally as a valuable reserve asset!

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #69 on: April 01, 2024, 03:19:51 AM »
I think if the price of bitcoin crosses $100k this year then bitcoin can move from ninth position to fifth position.  Moreover, with the way Bitcoin is gaining popularity, in the distant future ten years from today, Bitcoin may occupy the third best position.  Moreover, if the various countries of the world give Bitcoin acceptance and universality, I don't think it will take 20 years for Bitcoin to overtake gold.  But in my opinion, both gold and bitcoin are going to become the world's most popular investment platforms very quickly.
I even believe that BTC can enter the top 5 in this cycle when BTC reaches 150K - 200K USD, meaning that BTC cap can compete with NVIDIA, Apple and Microsoft cap. However, I also see that the rate of BTC price increase is slowing down and it is very difficult for us to accurately predict the time when BTC cap can surpass Gold cap. When BTC reaches 500K USD, fiat has also lost a lot of value and the Gold price can completely increase and Gold cap can exceed 20T USD.

Anyway, Gold cap could be a worthy goal for BTC to aim for in its journey to develop and be widely accepted globally as a valuable reserve asset!

Well that could be our aim to surpassed Gold, but this market is decentralized, so I guess we all wanted it to happen but there will be no consensus and only time will tell.

And as far as my memory serves me right, this is always going to be the case for Bitcoin every bull run, we will jump up in rankings as far as market valuation and then we go back down when the market crashes or goes on a bearish cycle.

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #70 on: April 02, 2024, 02:32:55 AM »
Well that could be our aim to surpassed Gold, but this market is decentralized, so I guess we all wanted it to happen but there will be no consensus and only time will tell.

And as far as my memory serves me right, this is always going to be the case for Bitcoin every bull run, we will jump up in rankings as far as market valuation and then we go back down when the market crashes or goes on a bearish cycle.
Similar to the traditional market, BTC also has its own cycle and it has both uptrend and downtrend. The good thing is that the price of BTC is constantly increasing after each cycle and BTC cap is catching up with other large assets. Currently, BTC is in the top 10 market cap, I consider it a success for BTC.

Approaching Gold cap is a long-term goal of BTC, and I also don't think BTC can achieve it in next 10 years because Gold is still the world's leading reserve asset. BTC has only just started to be widely accepted, it needs more time to be able to reach cap of 10T USD.

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #71 on: April 03, 2024, 02:19:03 PM »


Well that could be our aim to surpassed Gold, but this market is decentralized, so I guess we all wanted it to happen but there will be no consensus and only time will tell.

And as far as my memory serves me right, this is always going to be the case for Bitcoin every bull run, we will jump up in rankings as far as market valuation and then we go back down when the market crashes or goes on a bearish cycle.
I myself am still not sure that Bitcoin will surpass gold in the near future, but maybe it will happen in the future. Bitcoin will experience an increase and people think bitcoin has the potential to surpass gold, but the price of bitcoin will fall again because of the volatile nature of bitcoin.

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #72 on: April 03, 2024, 02:39:57 PM »
Bitcoin has the potential to be second behind gold, because we see the development and movement of bitcoin so far. but we know everything takes time. I don't think bitcoin will overtake gold yet, Gold is an investment legend. it is too difficult to replace gold in physical form, while bitcoin is a digital currency.

It's not going to be an easy journey my friend. For Bitcoin to cross reach that market cap, if all Bitcoin are already mine I.e the 21 million maximum supply of Bitcoin, If we are to divide $15T by that number, we should be having Bitcoin price at an average of $710k which you and I know that it's not going to be an easy journey and that's like 100 plus year we are talking about.

We don't know what Gold price will be by then, if Gold double it's price by then, we should expect Bitcoin should an additional 2x which is going to bring Bitcoin to another $1.4M before we can achieve such price. I just think there are some things that is not possible and this is one of it, maybe things might change tomorrow.
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Offline 0t3p0t

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #73 on: April 03, 2024, 03:15:29 PM »
While Bitcoin can not catch up and overtake gold, but soon it will catch up, it all depends on the price, and the price of Bitcoin does not grow like gold, gold can not grow 3-4 times in three years, but Bitcoin can and constantly does it.

I don't think that's going to happen anytime soon. At the earliest, in an optimistic scenario I think it could happen in about ten years, if not quite a bit longer. Realistically, bitcoin's market cap will reach 3 or 3.5T at the most in this cycle, while gold's market cap is at 15T. If we are optimistic for the 2028-32 cycle, the market cap could reach 10T, and perhaps in the 32-36 cycle it could surpass gold.
Well yeah the fact that gold is a centralized commodity and used as a currency by most if not all countries around the world, it will really give Bitcoin a hard time taking over on it's spot but I am sure it will be on the second slot on that list of top market capitalization. Bitcoin needs more adoption though big time investors are up into it right now but I cannot see and hear Bitcoin holders here in my remote place and on the otherhand gold holders are everywhere.

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Re: When will Bitcoin catch up with Gold in capitalization?
« Reply #74 on: April 05, 2024, 01:30:35 AM »
It's not going to be an easy journey my friend. For Bitcoin to cross reach that market cap, if all Bitcoin are already mine I.e the 21 million maximum supply of Bitcoin, If we are to divide $15T by that number, we should be having Bitcoin price at an average of $710k which you and I know that it's not going to be an easy journey and that's like 100 plus year we are talking about.

We don't know what Gold price will be by then, if Gold double it's price by then, we should expect Bitcoin should an additional 2x which is going to bring Bitcoin to another $1.4M before we can achieve such price. I just think there are some things that is not possible and this is one of it, maybe things might change tomorrow.
The top 2 market cap could be a more achievable target for BTC in the short term, although I don't think it will be easy either. Currently, the top 2 is Microsoft ~ 3.1T USD. For BTC to surpass Microsoft, 1 BTC = 160K USD, on condition that MSFT stock does not increase. I believe that BTC can completely reach 160K USD this season, but MSFT will also increase when the financial market enters an uptrend.

I hope that in 2025 BTC can surpass 200K USD as predicted by many analysts, when we will see BTC become the second most valuable asset in the world, that would be extremely shocking news!

 

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