-
We have all heard that Bitcoin is digital gold, especially in the task of protecting assets during the inflation wave of 2021-2023[1], Bitcoin is even expected to become a new standard for assets in the future[2]. We have a lot of articles comparing Bitcoin with Gold, but they seem to belong to different worlds: Bitcoin is a cryptocurrency, and Gold is a precious metal commodity[3].
I believe in the potential and future of Bitcoin, but I'm quite curious about the possibility that Bitcoin can replace Gold or at least catch up with Gold in capitalization.
According to statistical data, Gold's current capitalization is 13,474T USD, while Bitcoin's capitalization is 957.74B USD, only 7.1% of Gold's capitalization[4]. This means that assuming the Gold price remains unchanged, the Bitcoin price needs to increase by 14 times and 1BTC = 678K USD to catch up with Gold.
(https://talkimg.com/images/2024/02/13/vpmfg.png)
Obviously, this is no easy task in the upcoming cycle, even in PlanB's most optimistic prediction, 1BTC = 500K USD[5].
Looking at the BTC price chart, we see that the slope of the price chart gradually decreases with each cycle, confirming a weakening in price momentum, which is the opposite of what we can see on the DJIA chart. Assuming BTC will continue to fluctuate at its current rate of price growth, $678K USD will not arrive before 2028, meaning we cannot see BTC triumph over Gold before 2028. I think Bitcoin will catch up and surpass Gold in 3-4 more cycles, meaning around 2035-2040.
(https://www.tradingview.com/x/wbw9KNdN/)
Of course this is just the simplest analysis I can present on a price chart, assuming the Gold price remains unchanged in the future. In fact, when inflation cannot be controlled, I believe that Gold price will continue to increase strongly in the future.
I personally do not expect that Bitcoin will surpass Gold, because by then, the BTC price will be too high and cause BTC to lose a lot of value in payments, maybe then BTC will only be in reserve account of governments.
I just want to see Bitcoin surpass top 2 Microsoft ~ cap 3,026T USD, at that time 1 BTC = 154K USD.
I want to know your opinion:
- Do you think Bitcoin has any chance of catching up and then surpassing Gold in capitalization?
- If so, when in the future might that event take place?
- If this happens, will it be a good thing for Bitcoin?
References:
[1] GrayScale: October 2023: Rising demand for Bitcoin as Digital Gold (https://www.grayscale.com/research/market-commentary/october-2023-rising-demand-for-bitcoin-as-digital-gold)
[2] ‘The Bitcoin Standard’: A review (https://coingeek.com/the-bitcoin-standard-a-review/)
[3] Gold vs. Bitcoin: Which Is Better? (https://www.investopedia.com/news/should-you-buy-gold-or-bitcoin/)
[4] Top Assets by Market Cap (https://companiesmarketcap.com/assets-by-market-cap/)
[5] Bitcoin Will be Scarcer Than Gold After Halving, $500K BTC Price Predicted (https://cryptopotato.com/bitcoin-will-be-scarcer-than-gold-after-halving-500k-price-predicted/)
Note:
- My opinion was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5485059)
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.
-
They say "never say never", but I don't think that will happen for a very long time (if it ever does). Gold has been present among people for thousands of years and most people have the perception that it is really valuable, and they have great confidence in it. In addition, gold has many applications in today's society, whether it is jewelry, gold bars or coins, it is used in the production of IT components and for decoration in the confectionery industry.
Bitcoin, on the other hand, is a relatively new thing, and given that it exists only in digital form, it mainly attracts the younger population who mostly perceive it as a way to get rich quickly and some kind of magical internet money.
Also, most politicians and influential people in the world have a very bad or slightly less bad opinion about Bitcoin, which affects a lot of people who fall under their influence. In my opinion, this is a serious obstacle for Bitcoin to become something common, because most people still blindly listen to what they are told every day.
I also think that it is completely wrong to say that Bitcoin is some kind of digital gold and that it was invented by those who want to turn Bitcoin into what it really is not. Bitcoin was conceived as a decentralized cryptocurrency, but unfortunately they turned it into something completely different.
-
- Do you think Bitcoin has any chance of catching up and then surpassing Gold in capitalization?
- If so, when in the future might that event take place?
- If this happens, will it be a good thing for Bitcoin?
I think it will take a long time for BTC to outperform gold in terms of capitalization, because gold has been a reserve asset with great value for thousands of years, recognized by the whole world. Meanwhile, BTC is still too young, requiring approval and infrastructure conditions to be widely deployed and applied. When BTC increases in price, gold will also increase in price and continue to widen the gap, it will be difficult for BTC to approach or surpass gold, unless gold has some problem causing the price to collapse. If this happens, the economy will probably be in chaos and BTC will also be extremely negatively affected ::)
As you said, I also hope that BTC price will rise to ~$150K in 2025 to be able to compete for 2nd or 3rd place with Apple and Microsoft!
-
I believe in the potential and future of Bitcoin, but I'm quite curious about the possibility that Bitcoin can replace Gold or at least catch up with Gold in capitalization. According to statistical data, Gold's current capitalization is 13,474T USD, while Bitcoin's capitalization is 957.74B USD, only 7.1% of Gold's capitalization[4]. This means that assuming the Gold price remains unchanged, the Bitcoin price needs to increase by 14 times and 1BTC = 678K USD to catch up with Gold.
One, I don't believe that eventually Bitcoin will be replacing gold as they are assets which are so different in nature though their use-cases can sometimes be intertwined being called both as "safe haven" especially in countries where there is a run-away inflation or even experiencing some cataclysmic conflicts. What can happen is that both assets can peacefully co-exist and this is good because investors would now have more choices to select where they would lay down their money or wealth for future use. Now, would it be possible that Bitcoin would be equal with gold in terms of capitalization? Yes, that would be possible given the attention that Bitcoin is right now getting but this, of course, can be taking time and there is no magic formula in here. Remember some "experts" telling us that one day 1 BTC can be a million US dollar? Maybe that can be time when Bitcoin has become the new gold. These days, the global economy is facing many uncertainties and people must protect their assets with buying gold, silver and Bitcoin as what the popular Robert Kiyosaki is telling his audience. Only time will tell when things will happen...so let's cross our fingers and wish upon a star!
-
According to statistical data, Gold's current capitalization is 13,474T USD, while Bitcoin's capitalization is 957.74B USD, only 7.1% of Gold's capitalization
If you mention gold, you get my attention :D
Capitalization. I can't see how companiesmarketcap.com calculate gold's capitalization.
Usually capitalization = value of 1 unit x number of units in circulation.
In case of gold, it's not so easy, isn't it.
What do they consider as units in circulation? All gold above ground? so jewellery too? gold teeth? gold within industrial products? or just monetary gold (coins and bars)?
One could say, we should consider only monetary gold! Ok, but how about the gold bracelet of that Indian woman. Shouldn't it be considered as gold investment i.e. monetary gold? ... because have no doubt, that's how that woman and her family consider it!
The second problem is, how do you know how much tons of monetary gold are out there? (This is the fundamental problem for gold market analysts.)
On one hand, there are gold stocks which are not recorded: gold buried some place, or transacting on the black market. No financial records.
On the other hand, those gold ETFs... those gold-backed stablecoins... those Central Banks and their never audited gold reserves... how much is really there?
How much do those financial records correspond to reality?
I wanted only to point out that that gold market cap figure - 13,474T USD - could be completely wrong.
Also other sources could mention completely different capitalization figures.
-
1. Do you think Bitcoin has any chance of catching up and then surpassing Gold in capitalization?
No one knows but it is possible. Not worth to talk about this right now. It is not going to be easy because even as the price of gold is not that increasing, its marketcap has always been increasing so much in long term. It is now worth $13.452 trillion when bitcoin market is still at $1 billion.
2. If so, when in the future might that event take place?
No one knows what the future is.
3 If this happens, will it be a good thing for Bitcoin?
It is just like asking if watering the flower planted on a fertile soil will germinate. Definitely, it would be a good thing for bitcoin. It means increasing adoption.
-
Bitcoin vs. gold is an interesting topic in any direction whether it's the attributes comparison or the future speculation for the capital race, TBH for now BTC is not a head-on competitor of Gold but in a few years BTC has the potential to even surpass Gold in capital race, I'm expecting Bitcoin to be on 2nd ranking in the capitalization on the list.
3rd or 2nd spot is not gonna be a tough competition for Bitcoin as far as I'm expecting BTC can drive $4T capital or $3.5T capital in this cycle. hehe may sound unrealistic but it is realistic.
-
I would say at least one more four year cycle, maybe two. That way, in 2025 we will peak, which should be over 100k easily, maaaaybe we will get to 200k, not sure. So on the next cycle we will get to 300k-400k range or at least we should, doubling the previous ATH is not that hard, usually happens. Could it be 500k then? Maybe, but if not then one more cycle should help. Which means that we are going to be somewhere around that level in 4 to 8 years. This is of course just a prediction and I could very well be wrong as well, I am not sure if it will work out that way or not, I am just making this up, its just a guess.
-
There is one thing in those long predictions, that there is still 20% of gold unmined and viable to mine at current prices and only 7% of coins left.
With 3000 tons mined each year that tot al market cap will favor gold for the next decade as the supply of coins will grow by only 0.8% and 0.4% while averaging 1.5% for gold.
So even if the gold price will be stable and linear in 10 years the marketcap will still increase by 15%, bitcoin won't do even half of that.
I just want to see Bitcoin surpass top 2 Microsoft ~ cap 3,026T USD, at that time 1 BTC = 154K USD.
What if Microsoft shares will dump tomorrow by 10% because of bad earnings or some competitor or god knows what? ;D
-
Do you think Bitcoin has any chance of catching up and then surpassing Gold in capitalization?
You shared good data, but the same type of topic was made on BTT as well, and I also shared my idea there, but the data here is a little more effective. Well, my answer is BTC will surpass gold but not even in the upcoming 3 to 4 halving. Because BTC needs a lot of time, as Gold is not for a few hundred years in the market. And you mentioned BTC is a cryptocurrency while Gold is a commodity, I wanted to say, that BTC is also declared a commodity by the SEC. That's why we are seeing BTC ETFs. If so, when in the future might that event take place?
I think that might take after 10 havlings, max, But still BTC will take time to compete with Gold M.Cap. If this happens, will it be a good thing for Bitcoin?
Of course it will be a good thing for BTC, people would be making fortune from BTC, but it will not be good for BTC usage, but don't worry, there are L2 projects in the market like SatoshiVM and Soveryn working on using BTC with fee in cents.
-
Wow, the competition between gold and Bitcoin is quite tight. However, if you look at the global market cap, Godl is still the winner. Because we already understand how valuable this object is.
Currently Gold is still number 1 in global market cap. with a market cap of $13,601 T
Meanwhile, Bitcoin is in 10th place with a market cap of 1,020 T.
check here:
https://companiesmarketcap.com/assets-by-market-cap/
So we can see that there is a very big difference between the two.
-
(https://i.imgur.com/X0aapUb.jpeg) (https://8marketcap.com)
I also found information that is useful for this hat, and maybe this iFnormation has been conveyed by other members but according to me infinite market cap looks easier to understand.
I see the comparison of gold and bitcoin is quite far between 1 trillion USD and 13 trillion USD. Means there are 12 trillion USD that must be achieved by Bitcoin to be the same as the Marketcap of gold.
Btw, the marketcap from Tesla has been passed by Bitcoin and this surprised me because I think I am Bitcoin this marketcap is far below Tesla, but the facts say differently.
-
According to statistical data, Gold's current capitalization is 13,474T USD, while Bitcoin's capitalization is 957.74B USD, only 7.1% of Gold's capitalization
Hi KB
I explained above (https://www.altcoinstalks.com/index.php?topic=317599.msg1498053#msg1498053) the problem with market cap: the $13T is just a guess game
Much better comparing gold and BTC daily average trade volume
The advantage is that for both gold and BTC only recorded trades on exchanges are compared, so the comparison makes much more sense.
According to CoinMarketCap and CoinGecko yesterday BTC trading volume has been $20B
According to the World Gold Council gold's average trading volume in 2023 was $130B
(https://cdn-img.gainesvillecoins.com/blog/2024/02/daily-average-trading-volume-in-billion-usd-(2023).png)
So instead of 13400 vs. 950 it makes more sense to speak of 130 vs. 20
If yesterday was an average day re BTC trading volume, BTC trading volume = 15% of gold trading volume
In the graphic above, BTC takes the same place of German Bunds
-
If we think linearly and mathematically, it would take more than 13 decades for Bitcoin to reach the capitalization of gold, since Bitcoin appeared just over a decade ago and the total capitalization of gold is just over 13 times larger. But I don't think that way of thinking can be applied in this case, or at least not in a linear way.
There are many factors that can change, and although we know that the supply of Bitcoin is 21 million coins of which almost 2 million could be considered lost, the value of gold could plummet at any time and the time required would be much less. I've never been a big fan of predictions, but I think in this case you can't use any metric to know when Bitcoin will reach or surpass the capitalization of gold.
-
If we think linearly and mathematically, it would take more than 13 decades for Bitcoin to reach the capitalization of gold, since Bitcoin appeared just over a decade ago and the total capitalization of gold is just over 13 times larger. But I don't think that way of thinking can be applied in this case, or at least not in a linear way.
Gold is adopted everywhere in the world and known as real money One country economics stats could ne judged through total value of gold in the country. Gold history is very old and it's not easy to surpass in one decade or even one century.
Currently BTC is on the number 10 rank in the world assets in term of marketcap and no 5 in the currencies rank. I think It is big achievement for any asset/currency to achieve this goal in short time. I think if adoption continue similarly then BTC will surpass gold before the total supply minted i.e 2141 AD
-
Global changes are currently taking place in the financial market. At the same time, there is a flow of capital from gold to Bitcoin, and the price of gold has recently dropped very much. I am confident that Bitcoin is inexorably moving towards reaching and exceeding the capitalization of gold. Bitcoin halving will make BTC more scarce than gold.
-
Global changes are currently taking place in the financial market. At the same time, there is a flow of capital from gold to Bitcoin, and the price of gold has recently dropped very much. I am confident that Bitcoin is inexorably moving towards reaching and exceeding the capitalization of gold. Bitcoin halving will make BTC more scarce than gold.
Even though the current conditions are like this, the journey is still too long for Bitcoin to be able to catch up Gold market capitalization. Gold still becomes number 1 and Bitcoin is still in number 10. But at least, Bitcoin as in number 10, it means that Bitcoin is really highly considered in the world. Even though it takes quite a long time. And hopefully Bitcoin's market cap will be able to rise again and follow or take over other positions 1 by 1. Because it's not easy when fighting against the real market cap power of real companies.
-
Even though the current conditions are like this, the journey is still too long for Bitcoin to be able to catch up Gold market capitalization. Gold still becomes number 1 and Bitcoin is still in number 10. But at least, Bitcoin as in number 10, it means that Bitcoin is really highly considered in the world. Even though it takes quite a long time. And hopefully Bitcoin's market cap will be able to rise again and follow or take over other positions 1 by 1. Because it's not easy when fighting against the real market cap power of real companies.
Gold and Bitcoin have different shapes and it is very likely that Bitcoin will not be able to beat Gold even though Gold's supply is greater than Bitcoin, but with Gold having a higher demand than Bitcoin, the price is very expensive, after all, Bitcoin requires many components to function. make transactions while Gold is not as much as Bitcoin requires, So that is why Gold is more expensive than Bitcoin.
-
Gold and Bitcoin have different shapes and it is very likely that Bitcoin will not be able to beat Gold even though Gold's supply is greater than Bitcoin, but with Gold having a higher demand than Bitcoin, the price is very expensive, after all, Bitcoin requires many components to function. make transactions while Gold is not as much as Bitcoin requires, So that is why Gold is more expensive than Bitcoin.
Both are very valuable and potential investments. it's just that they're different somehow. Market Cap Gold is currently very high, this is a backup for a country's wealth. And we know that gold has a very important value for a country. Because of this, Gold's market cap has always been number 1 for a long time. Meanwhile, Bitcoin is still a long-standing debate among several parties. Even though this time the development has started to be good, it has not been able to achieve the Gold brand market itself. But what's certain is that if it's in the top 10, that means it's truly recognized, right?
-
Both are very valuable and potential investments. it's just that they're different somehow. Market Cap Gold is currently very high, this is a backup for a country's wealth. And we know that gold has a very important value for a country. Because of this, Gold's market cap has always been number 1 for a long time. Meanwhile, Bitcoin is still a long-standing debate among several parties. Even though this time the development has started to be good, it has not been able to achieve the Gold brand market itself. But what's certain is that if it's in the top 10, that means it's truly recognized, right?
I think you are addressing the role of gold as monetary reserve of a country.
Yes, while Central Banks have been net buyer of gold for some time, they still don't accumulate BTC.
On the other hand, in the investment sector, the 1% rule is getting established, particularly among institutional investors:
“Nobody got fired for buying IBM” …but you might get fired for not buying Bitcoin
in the next cycle, the institutions will show up, and because of the huge asymmetry in Bitcoin, they will find it compelling enough to allocate a small percentage to it.
I predicted a new investment mantra for institutional fund managers, “The 1% Allocation”.
Let the data points commence: Fidelity, with $12.6 trillion AUM and one of the spot ETF providers (the only one who built out their own custodian to handle it) has added an allocation of “crypto” to their flagship, “All-In-One Conservative ETF” – self professed as, “A one-ticket solution diversified across regions, market caps and investment styles/factors, with the attractions of professional management.”
(https://bombthrower.com/wp-content/uploads/2024/02/fidelity-1-percent-768x504.jpg)
The new 1% Rule: Buy Bitcoin
We all know the old adage, “Nobody got fired for buying IBM”, which was a mantra back in the “Nifty Fifty” days (which was before my time, but there have always been later iterations: substitute IBM for Microsoft, Google, Apple, etc.)
Here’s what I think happens now: while today nobody may get fired for buying, say, The Magnificent Seven, tomorrow you may very well get fired for not plunking 1% into Bitcoin. Yes, really.
So I now humbly present you with “The Theme” of this cycle:
The Theme is: The Institutions are Coming.
The core driver is: The Bitcoin Spot ETFs.
The mantra will be: Allocate 1% to Bitcoin.
bombthrower.com (https://bombthrower.com/the-mantra-for-the-next-cycle-allocate-1-to-bitcoin/)
-
Global changes are currently taking place in the financial market. At the same time, there is a flow of capital from gold to Bitcoin, and the price of gold has recently dropped very much. I am confident that Bitcoin is inexorably moving towards reaching and exceeding the capitalization of gold. Bitcoin halving will make BTC more scarce than gold.
It is true that we are seeing money flowing from Gold ETF to BTC ETF but this does not mean that BTC cap will soon catch up with Gold ETF in the short term, even though the scarcity of BTC will soon surpass the scarcity of Gold. Gold will still be a huge asset that has thousands of years of history and is widely accepted globally.
In the immediate future, I only hope that BTC continues to be mentioned as digital gold to lead the entire crypto market, then BTC will be accepted as a strategic reserve asset of countries around the globe, similar to what Gold did.
-
Even though the current conditions are like this, the journey is still too long for Bitcoin to be able to catch up Gold market capitalization. Gold still becomes number 1 and Bitcoin is still in number 10. But at least, Bitcoin as in number 10, it means that Bitcoin is really highly considered in the world. Even though it takes quite a long time. And hopefully Bitcoin's market cap will be able to rise again and follow or take over other positions 1 by 1. Because it's not easy when fighting against the real market cap power of real companies.
Gold and Bitcoin have different shapes and it is very likely that Bitcoin will not be able to beat Gold even though Gold's supply is greater than Bitcoin, but with Gold having a higher demand than Bitcoin, the price is very expensive, after all, Bitcoin requires many components to function. make transactions while Gold is not as much as Bitcoin requires, So that is why Gold is more expensive than Bitcoin.
Most people are more confident about investing in gold than bitcoin, because they trust its form. Meanwhile, many people say bitcoin is digital gold. I have a prediction in the future that people will prefer to invest in bitcoin rather than gold, this is just what I see in the future that will happen.
-
Well, For now Bitcoin has achieve some more market capital and the market of bitcoin is increasing day after day which seems to be unstoppable. The market capital of bitcoin is $1.07 Trillion on the time when i am creating this post. It is very near to break the market capital of silver which is think is $1.27 trillion. Bitcoin has break a lot of big companies , institutions, Organizations Market capital which includes Tesla work well know Auto Electric car company.
Besides all that if bitcoin keep its path as it is performing from the begging day i would break the Gold market capital as well and in this way bitcoin might be the world strongest digital currency in the coming future. So there is no doubt Bitcoin will gain the majority investors eyes on it who will start to take more than more interest in it.
-
My personal opinion on the matter. If the manipulators wanted it, the capitalization price would have caught up (and maybe even overtaken it) long ago. Let's say bitcoin's capitalization is higher (than gold's). What should be the price for 1 bitcoin? I believe many times higher (from current value). In today's reality, I find that hard to believe. This will require even more popularization of bitcoin (among people who are not familiar with it) + a fairly large injection of funds will be needed.
Found some interesting information from the media:
"Since the beginning of the year, bitcoin's value has increased by more than 160%. It has significantly outperformed other asset classes, including gold and major stock indices."
(https://i.ibb.co/dWCmPYj/photo-2023-12-21-09-03-16.jpg)
-
Both are very valuable and potential investments. it's just that they're different somehow. Market Cap Gold is currently very high, this is a backup for a country's wealth. And we know that gold has a very important value for a country. Because of this, Gold's market cap has always been number 1 for a long time. Meanwhile, Bitcoin is still a long-standing debate among several parties. Even though this time the development has started to be good, it has not been able to achieve the Gold brand market itself. But what's certain is that if it's in the top 10, that means it's truly recognized, right?
For me, surpassing Microsoft to be in the top 2 is too good for BTC, I don't even dare to dream of doing that this season, because stocks will also increase, assuming BTC reaches 150k USD, technology stocks as Microsoft also has to x2 from the current price. It's okay for BTC to be in the top 10 and gradually move up the rankings to assert its value in the economy.
Gold is still the most valuable asset in the world, to compete with gold, BTC is still young and needs more time. I think in the next 10-20 years we will see BTC become a global reserve asset and replace gold as the national reserve standard.
-
For me, surpassing Microsoft to be in the top 2 is too good for BTC, I don't even dare to dream of doing that this season, because stocks will also increase, assuming BTC reaches 150k USD, technology stocks as Microsoft also has to x2 from the current price. It's okay for BTC to be in the top 10 and gradually move up the rankings to assert its value in the economy.
Honestly, I never understood people's obsessions over bitcoin's marketcap and the news like "BTC overpassed xyz company etc" that we hear all the time during bull market. After all, I think that mcap itself is bad metric that can be easily manipulated, therefore shoulnd't be seen so seriously.
-
After all, I think that mcap itself is bad metric that can be easily manipulated, therefore shoulnd't be seen so seriously.
Market cap = number of shares/coins x share/coin price
I don't know how could it be manipulated
I agree with you that market cap per se is pretty much meaningless as a criterium for deciding whether to purchase a coin or not
-
Found some interesting information from the media:
"Since the beginning of the year, bitcoin's value has increased by more than 160%. It has significantly outperformed other asset classes, including gold and major stock indices."
(https://i.ibb.co/dWCmPYj/photo-2023-12-21-09-03-16.jpg)
Where did you find it?
Could you share the source, please.
Let me go ahead by sharing a website at which you can get similar chart and information, even more than that.
- https://casebitcoin.com/charts
- From chart to table and with chart, you can choose different time frames like 1 month, 6 month, Year to Date, 1 year, 2 year, 3 year, 5 year, 10 year.
- It's ROI chart
- https://casebitcoin.com/charts#roi_chart
It seems the chart does not update for S&P500 and Long US bonds some months ago. Not sure why.
(https://i.ibb.co/HzjzLtR/Roichart.png)
(https://i.ibb.co/s6Q6KkC/ROI2.png)
-
Honestly, I never understood people's obsessions over bitcoin's marketcap and the news like "BTC overpassed xyz company etc" that we hear all the time during bull market. After all, I think that mcap itself is bad metric that can be easily manipulated, therefore shoulnd't be seen so seriously.
During the uptrend, investors sentiment is extremely optimistic and the concept of "BTC is Gold 2.0 or digital Gold" is popular. At that time, BTC was often compared to Gold in terms of capitalization and profits with the implication: BTC could defeat and replace Gold. I know this is pretty crazy but that's the story that happened in 2017 and 2021.
I agree with you that this can be manipulated: when Market Makers continuously pump good news into the market to deceive investors in the distribution area, investors will have an unreasonable expectation of an price increase of BTC like 1 BTC = 100K USD, 1 BTC = 250K USD in 2021. Finally, many investors missed the opportunity to take profits on BTC and Altcoins :-[
-
Honestly, I never understood people's obsessions over bitcoin's marketcap and the news like "BTC overpassed xyz company etc" that we hear all the time during bull market. After all, I think that mcap itself is bad metric that can be easily manipulated, therefore shoulnd't be seen so seriously.
Unfortunately, the price of Bitcoin has managed to reach this high and will still rise because the opportunity to rise is still clearly visible. The price of Bitcoin will reach its highest point at the end of this year. If mcap is a manipulation, then Bitcoin is no manipulation, and everything is real; the price is very in line with the exchange.
-
Gold and Bitcoin have different shapes and it is very likely that Bitcoin will not be able to beat Gold even though Gold's supply is greater than Bitcoin, but with Gold having a higher demand than Bitcoin, the price is very expensive, after all, Bitcoin requires many components to function. make transactions while Gold is not as much as Bitcoin requires, So that is why Gold is more expensive than Bitcoin.
Both are very valuable and potential investments. it's just that they're different somehow. Market Cap Gold is currently very high, this is a backup for a country's wealth. And we know that gold has a very important value for a country. Because of this, Gold's market cap has always been number 1 for a long time. Meanwhile, Bitcoin is still a long-standing debate among several parties. Even though this time the development has started to be good, it has not been able to achieve the Gold brand market itself. But what's certain is that if it's in the top 10, that means it's truly recognized, right?
Gold does have a very high demand and a fairly expensive price, but what needs to be noted is that gold has an unlimited supply, and at the moment I have seen many groups that have succeeded in making gold. This means that the circulation of gold is very unlimited, so gold should have a price that is cheaper than Bitcoin, which has a very limited supply.
-
Overtaking gold in terms of market cap is not achievable in this cycle. The best we could hope for, at least for now, is the 2nd place. For that, we would need to have Microsoft not increase their market cap and bitcoin going up to $154,224, calculated on the current supply.
If Bitcoin is here to stay, then it could catch up with gold eventually, but that's a long way to go.
-
I believe in the potential and future of Bitcoin, but I'm quite curious about the possibility that Bitcoin can replace Gold or at least catch up with Gold in capitalization. I personally do not expect that Bitcoin will surpass Gold, because by then, the BTC price will be too high and cause BTC to lose a lot of value in payments, maybe then BTC will only be in reserve account of governments.
One reason why Bitcoin is compared to the real gold is that both can be acting like safe haven for investors most especially in times not normal. Now, I think, beyond that safe haven thing, they are quite different in many ways than one. Gold is something we can see, touch, feel and can be minted in other words it is physical while Bitcoin is the opposite...something that exists only in the realm of computing or digital so we can not see it like gold all we can see are numbers and other details. Now, both are now very valuable but Bitcoin is where the excitement is as we know that more and more people are drawn to Bitcoin than maybe gold (though there is nothing wrong with gold, I must say). In terms of capitalization, gold remains to be a lot, lot more as compared to Bitcoin. Will BTC clubber gold? I am really sure of that or when that can possibly happen. According to the Million Dollar Club member Ark Invest CEO Cathie Wood (https://www.nasdaq.com/articles/the-million-dollar-club:-these-famous-people-said-that-bitcoin-will-reach-$1m-in-2023#:~:text=Ark%20Invest%20CEO%20Cathie%20Wood,of%20five%20to%20seven%20years.), BTC can reach a price of 1 million dollar by 2030 so by then maybe finally we can compare Bitcoin wit gold and vice versa.
-
Gold and Bitcoin have different shapes and it is very likely that Bitcoin will not be able to beat Gold even though Gold's supply is greater than Bitcoin, but with Gold having a higher demand than Bitcoin, the price is very expensive, after all, Bitcoin requires many components to function. make transactions while Gold is not as much as Bitcoin requires, So that is why Gold is more expensive than Bitcoin.
Both are very valuable and potential investments. it's just that they're different somehow. Market Cap Gold is currently very high, this is a backup for a country's wealth. And we know that gold has a very important value for a country. Because of this, Gold's market cap has always been number 1 for a long time. Meanwhile, Bitcoin is still a long-standing debate among several parties. Even though this time the development has started to be good, it has not been able to achieve the Gold brand market itself. But what's certain is that if it's in the top 10, that means it's truly recognized, right?
Gold does have a very high demand and a fairly expensive price, but what needs to be noted is that gold has an unlimited supply, and at the moment I have seen many groups that have succeeded in making gold. This means that the circulation of gold is very unlimited, so gold should have a price that is cheaper than Bitcoin, which has a very limited supply.
Gold has unlimited supply but its getting lower and lower the mining nowadays but yes that is something to be addressed while bitcoin only has 21 million in total but as there are so much losing from handling there are maybe 15 million in circulation or even lower.
so Indeed that the value of bitcoin must be higher than Gold ,
Overtaking gold in terms of market cap is not achievable in this cycle. The best we could hope for, at least for now, is the 2nd place. For that, we would need to have Microsoft not increase their market cap and bitcoin going up to $154,224, calculated on the current supply.
If Bitcoin is here to stay, then it could catch up with gold eventually, but that's a long way to go.
yeah not in our time now but possible in th future right ? because bitcoin is growing each year in value and in use.
-
To catch up and overtake gold in capitalization is a feasible task, bitcoin grows after each doubling of complexity and if it does not do it this year - next year, when doubling the complexity next time its price should be very large and then it will be able to catch up and overtake gold in capitalization.
-
To catch up and overtake gold in capitalization is a feasible task, bitcoin grows after each doubling of complexity and if it does not do it this year - next year, when doubling the complexity next time its price should be very large and then it will be able to catch up and overtake gold in capitalization.
Before that day, Bitcoin Spot ETFs will surpass Gold ETFs first.
It is so impressive that only a little more than one month, Bitcoin Spot ETFs already reached about half of Gold ETFs and asset values they hold.
If the accumulation speed maintains, Bitcoin Spot ETFs will catch Gold ETFs even if Bitcoin price stuck around $60,000 but I am optimistic that we will see a new all time high for Bitcoin very soon.
(https://pbs.twimg.com/media/GHWko-eWwAABWlj?format=jpg&name=900x900) (https://twitter.com/BTC_Archive/status/1762495958502535223)
-
As you said, I also hope that BTC price will rise to ~$150K in 2025 to be able to compete for 2nd or 3rd place with Apple and Microsoft!
Well I can say that there really is a huge possibility on this one. I could be wrong but I am very much bullish about this and I also think that this will happen next year as well. Big time investors will always choose the right investments and that is Bitcoin. Though big brands out there just like Apple and Windows is no doubt very consistent but with Bitcoin, a newly renowned asset will soon take over on that list no doubt about that. As you can see that diagram above me it is really not possible because it even reach half of golds ETF in just more than a month so how much more if we are talking about years?
-
To catch up and overtake gold in capitalization is a feasible task, bitcoin grows after each doubling of complexity and if it does not do it this year - next year, when doubling the complexity next time its price should be very large and then it will be able to catch up and overtake gold in capitalization.
Bitcoin has the potential to overtake gold in capitalization in the future. We have also heard some people say bitcoin will replace gold in the future, I do not agree with this because it is two different things. Gold has a physical form and is very popular in the world. Meanwhile, bitcoin is not yet as popular as gold. Bitcoin is a digital asset.
-
To catch up and overtake gold in capitalization is a feasible task, bitcoin grows after each doubling of complexity and if it does not do it this year - next year, when doubling the complexity next time its price should be very large and then it will be able to catch up and overtake gold in capitalization.
Before that day, Bitcoin Spot ETFs will surpass Gold ETFs first.
It is so impressive that only a little more than one month, Bitcoin Spot ETFs already reached about half of Gold ETFs and asset values they hold.
If the accumulation speed maintains, Bitcoin Spot ETFs will catch Gold ETFs even if Bitcoin price stuck around $60,000 but I am optimistic that we will see a new all time high for Bitcoin very soon.
Let's see what time will show, now everything looks very good, I hope that everything will look the same, after this division of bitcoin everyone is waiting for it for 100-200k and fixing at that level.
-
Bitcoin has limited supply and gold has unlimited supply as well as there is a volatility issue that gold does not have such higher volatility as that of bitcoin therefore people are accepting gold more often than bitcoin.
Other thing is that people are all aware of gold as it is present in physical state whereas bitcoin is online source of earning therefore people if cannot reach to the asset then they get fear of losing money in that thing. The value not only depends on the supply but also it is more dependent on demand so I think gold is highly demanded as compared to bitcoin.
-
$13T for gold's marketcap while for Bitcoin is currently at $1.2T. So, there's a need to 10x for Bitcoin's market cap to reach gold's market cap. And that means that if it's for the value, Bitcoin should be around $600k for its price as indication for its value to reach gold's market capitalization. It takes time but as we all know, Bitcoin's growth is fast. Maybe a three or more halving and we'd see that in the future but I wouldn't focus on that part.
-
Bitcoin has limited supply and gold has unlimited supply as well as there is a volatility issue that gold does not have such higher volatility as that of bitcoin therefore people are accepting gold more often than bitcoin.
Gold also has an unlimited supply because there is a finite supply of gold in the world. Some of it is already mined and some of it is not, We don't know the exact quantities that are still left unmined, but it's estimated to be something around 60 thousand tonnes. The total amount of gold mined throughout the human history is said to exceed 200 thousand tonnes. So, similar to Bitcoin, most of it has already been mined.
Of course there could be more gold outside of Earth, but that's a different story.
-
Some of it is already mined and some of it is not, We don't know the exact quantities that are still left unmined, but it's estimated to be something around 60 thousand tonnes. The total amount of gold mined throughout the human history is said to exceed 200 thousand tonnes.
Are you saying that all mined bitcoins are considered for BTC market cap, but of all mined gold (200k tons) only 60k tons are considered for gold market cap?
Question to all: when you say gold market cap, are you talking about
a) all gold above ground? so jewellery too? gold teeth? gold within industrial products? or just
b) monetary gold (coins and bars)?
If you are comparing gold vs. BTC, currency vs. currency, shouldn't you consider only monetary gold?
-
Anything is possible, as long as bitcoin and crypto currencies are concerned, and even judging from how old gold is, and how old bitcoin is, it is easy to tell that bitcoin is an asset that is on steroid looking at how far it has grown in just a few years of its existence.
Bitcoin market cap will surpass that of gold, but when this will happen is what I can possibly tell, since it's very hard to predict the future, and also, we should remember that, as far as bitcoin is already here, the growth of gold will be reduced significantly because, right now, gold may likely lose some of its investors to bitcoin, that is, some gold holders may at a point ape in on bitcoin, which simply means that gold may continue to lose some of, or a significant portion of its marketcap to bitcoin.
So, rest assured that bitcoin marketcap will one day catch up with that of gold, but when (like I said before) is what I can't predict.
-
$13T for gold's marketcap while for Bitcoin is currently at $1.2T. So, there's a need to 10x for Bitcoin's market cap to reach gold's market cap. And that means that if it's for the value, Bitcoin should be around $600k for its price as indication for its value to reach gold's market capitalization. It takes time but as we all know, Bitcoin's growth is fast. Maybe a three or more halving and we'd see that in the future but I wouldn't focus on that part.
I think that Bitcoin still requires quite a longer process than gold. So far gold is also very easy to get but still has an expensive price, while Bitcoin is currently very difficult to get and the price will become expensive in the future.
-
$13T for gold's marketcap while for Bitcoin is currently at $1.2T. So, there's a need to 10x for Bitcoin's market cap to reach gold's market cap. And that means that if it's for the value, Bitcoin should be around $600k for its price as indication for its value to reach gold's market capitalization. It takes time but as we all know, Bitcoin's growth is fast. Maybe a three or more halving and we'd see that in the future but I wouldn't focus on that part.
I think that Bitcoin still requires quite a longer process than gold. So far gold is also very easy to get but still has an expensive price, while Bitcoin is currently very difficult to get and the price will become expensive in the future.
Maybe we will get gold very easily in future but Bitcoin will be very hard to get very easily. As the value of bitcoin continues to rise day by day, the gold market does not go up and down as much as the updown happens in the bitcoin market. If you want you can buy gold in present time at very easy price but bitcoin was very easy to get in past time but in present time its role is much more.
-
Where did you find it?
Could you share the source, please.
Let me go ahead by sharing a website at which you can get similar chart and information, even more than that.
- https://casebitcoin.com/charts
- From chart to table and with chart, you can choose different time frames like 1 month, 6 month, Year to Date, 1 year, 2 year, 3 year, 5 year, 10 year.
- It's ROI chart
- https://casebitcoin.com/charts#roi_chart
It seems the chart does not update for S&P500 and Long US bonds some months ago. Not sure why.
P.S. This is not an advertisement for this channel! If you do not understand languages other than English, you will need to use a translator. Thanks for sharing the resources - if there are others, please share with me. It would be appreciated. 8)
Link: https://t.me/kopeechkav
About bitcoin and gold. In the screenshot below, you can see: "top 10 global assets." At the moment, bitcoin is already at number 9. I don't know for what period, but BTC has confidently overtaken Meta. + I understand that already today BTC has confidently overtaken silver. It is likely to take the honorable 8th place. But, it's worth waiting for the official news. Which I don't see yet. As soon as that happens, I will undoubtedly report it here. ???
(https://i.ibb.co/Gp7GdJP/photo-2024-02-29-09-02-02.jpg)
-
Those of us who are involved with Bitcoin or investing now may think that Bitcoin is a rival to gold and that Bitcoin is digital gold. Those of us who are involved in cryptocurrencies will think so, but those outside of cryptocurrencies will not accept that Bitcoin is equal to gold. It may never officially happen that people are comparing Bitcoin to gold. Gold and Bitcoin are two different things, Gold is a digital currency and Bitcoin is a physical precious metal. Just as Bitcoin is the best of digital currencies, gold is the best of physical metals. Without distinguishing between the two, we can consider the two as the best in two respects.
-
Those of us who are involved with Bitcoin or investing now may think that Bitcoin is a rival to gold and that Bitcoin is digital gold. Those of us who are involved in cryptocurrencies will think so, but those outside of cryptocurrencies will not accept that Bitcoin is equal to gold. It may never officially happen that people are comparing Bitcoin to gold. Gold and Bitcoin are two different things, Gold is a digital currency and Bitcoin is a physical precious metal. Just as Bitcoin is the best of digital currencies, gold is the best of physical metals. Without distinguishing between the two, we can consider the two as the best in two respects.
I think comparing BTC with Gold and calling BTC Gold 2.0 helps BTC affirm its position in the crypto market, and makes BTC become an asset with great value and worth storing, similar to Gold. I don't see the negative impact of this.
I myself have BTC, and I have never had gold in my asset portfolio, which is different from my parents and grandparents. People of the older generation continue to believe in Gold and refuse to approach BTC because for them BTC is just numbers on a screen and can never be sold in fiat. I accept this difference but do not forget to update news about BTC for their reference ;D
-
About bitcoin and gold. In the screenshot below, you can see: "top 10 global assets." At the moment, bitcoin is already at number 9.
Any people can get this information at
- https://companiesmarketcap.com/assets-by-market-cap/
I don't know for what period, but BTC has confidently overtaken Meta.
Bitcoin is still in its discovery phase in this cycle and we all know that after a bull market, there will be a bear market when Bitcoin price will drop a lot like -70% to -80% from its all time high. We don't know what will be Bitcoin ATH in this cycle, but let's see and the time when Bitcoin definitely stays above Meta, Silver is still long in future.
+ I understand that already today BTC has confidently overtaken silver. It is likely to take the honorable 8th place. But, it's worth waiting for the official news. Which I don't see yet. As soon as that happens, I will undoubtedly report it here. ???
We don't need any news, just watch the table but as aforementioned, Bitcoin will need some more years to actually surpass Silver on the ranking table and won't lose it to silver again.
-
Gold and Bitcoin are two different things, Gold is a digital currency and Bitcoin is a physical precious metal.
Don't worry Liz... happens to me all the time :D
-
The thing with Bitcoin is that it fluctuates, we have 4 year cycle, only unique to us. So I don't think that there should be comparison. And again, after the 2017 bull run or during that time, there are a lot of comparisons and up to this day, I don't know why we still have to put Gold vs Bitcoin every time.
We should let go of this argument in my opinion. If Bitcoin catches up, then good, if not, then it won't affect us by any satoshis, just saying.
-
I don't know why we still have to put Gold vs Bitcoin every time.
because they are the 2 major alternatives to fiat currencies, given their limited supply, so people wonder which one is the best alternative.
I agree with you that most comparisons between gold and BTC don't make a lot of sense, especially when one compare their performance.
I think that instead of putting them one against the other, gold and BTC should be considered as friends (and probably it's smart to invest in both).
-
because they are the 2 major alternatives to fiat currencies, given their limited supply, so people wonder which one is the best alternative.
I agree with you that most comparisons between gold and BTC don't make a lot of sense, especially when one compare their performance.
I think that instead of putting them one against the other, gold and BTC should be considered as friends (and probably it's smart to invest in both).
Yes exactly we should not compare bitcoin and gold with each other because both have their own functions and both are profitable but some people wants investment in physical asset while some wants to make investment in digital asset.
If someone wants to be more profitable then I think he should choose both bitcoin and gold but remember that both of these will give you profit only when you hold it longer otherwise no one will show advantages to you and will not increase in value in short time.
-
The thing with Bitcoin is that it fluctuates, we have 4 year cycle, only unique to us. So I don't think that there should be comparison. And again, after the 2017 bull run or during that time, there are a lot of comparisons and up to this day, I don't know why we still have to put Gold vs Bitcoin every time.
We should let go of this argument in my opinion. If Bitcoin catches up, then good, if not, then it won't affect us by any satoshis, just saying.
The comparison comes from the expectations of investors in the crypto market: Gold is the king in the commodities market, and BTC is the king in the crypto market. They have different natures but share many common uses such as a reserve asset for companies, countries or Spot ETFs. I think the comparison will always exist, not in terms of performance but in terms of market capitalization. We want to see BTC gradually catch up with Gold to become one of the most valuable assets in the world. I also hope that BTC can reach the top 2 in terms of market capitalization and only be behind Gold in this uptrend.
-
I see that currently the market cap of Bitcoin is 1 trillion USD and the market cap of Gold is 14 trillion USD.
The difference is very far up to 13 trillion USD and this may be difficult for Bitcoin to catch up because the value is very large and very far away.
If we fantasize and if only the Bitcoin market cap could exceed the Gold market cap, the price of 1 Bitcoin would feel very expensive, maybe 1 Bitcoin would cost 1,000,000 USD or more.
In this reality, nothing is impossible, it could be that next year or in the next few years the Bitcoin marketcap could overtake the gold marketcap, but unfortunately for now I have to think logically because 1+1=2, not 1+1=0 .
-
The comparison comes from the expectations of investors in the crypto market: Gold is the king in the commodities market, and BTC is the king in the crypto market. They have different natures but share many common uses such as a reserve asset for companies, countries or Spot ETFs. I think the comparison will always exist, not in terms of performance but in terms of market capitalization. We want to see BTC gradually catch up with Gold to become one of the most valuable assets in the world. I also hope that BTC can reach the top 2 in terms of market capitalization and only be behind Gold in this uptrend.
I think gold and bitcoin have very different characters, with gold having a physical form with an unlimited supply making the price of gold not have a profitable price movement, while BTC has a limited supply that can have price movements that are often used to find profit by many investors and others.
-
I see that currently the market cap of Bitcoin is 1 trillion USD and the market cap of Gold is 14 trillion USD.
The difference is very far up to 13 trillion USD and this may be difficult for Bitcoin to catch up because the value is very large and very far away.
If we fantasize and if only the Bitcoin market cap could exceed the Gold market cap, the price of 1 Bitcoin would feel very expensive, maybe 1 Bitcoin would cost 1,000,000 USD or more.
In this reality, nothing is impossible, it could be that next year or in the next few years the Bitcoin marketcap could overtake the gold marketcap, but unfortunately for now I have to think logically because 1+1=2, not 1+1=0 .
BTC still has a long way to go to catch up with the Gold market cap, and BTC is moving forward to achieve that goal. The larger the market cap, the slower the growth rate will be, and we may have to wait a few decades to see BTC cap = Gold cap. However I am not worried about that, I just want to profit from BTC instead of focusing on the cap race.
Currently, we also see that BTC is becoming more attractive than Gold from an investment perspective, the flow of money from spot Gold ETFs is flowing to spot BTC ETFs, this is a positive signal for the maturity of BTC in the race with gold.
-
The comparison comes from the expectations of investors in the crypto market: Gold is the king in the commodities market, and BTC is the king in the crypto market. They have different natures but share many common uses such as a reserve asset for companies, countries or Spot ETFs. I think the comparison will always exist, not in terms of performance but in terms of market capitalization. We want to see BTC gradually catch up with Gold to become one of the most valuable assets in the world. I also hope that BTC can reach the top 2 in terms of market capitalization and only be behind Gold in this uptrend.
I think gold and bitcoin have very different characters, with gold having a physical form with an unlimited supply making the price of gold not have a profitable price movement, while BTC has a limited supply that can have price movements that are often used to find profit by many investors and others.
You are right, I agree with you. Gold has unlimited physical form and supply. Meanwhile, bitcoin is a digital currency whose supply is very limited. it is recommended not to use these two different assets. Having both is better.
-
I think I saw a topic like this on the Bitcoin Talk forum as well. Now to answer this question, we must first say that it will take a long time. And it is doubtful whether Bitcoin can touch gold's capitalization at all. Because if we notice the market cap of Gold is still several times higher than Bitcoin market cap . And even if the price of Bitcoin increases by two or three times the previous all-time high price every halving season, it will take another 10-15 years to reach the current market cap of gold. Moreover, on the other hand, Gold is constantly being mined and its market cap will also increase in the future.
-
(https://i.ibb.co/Gp7GdJP/photo-2024-02-29-09-02-02.jpg)
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))
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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!
-
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.
-
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.
-
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.
-
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.
-
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.
-
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!
-
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.
If we compare it in terms of popularity, of course gold is more popular and almost the majority of people store their assets in the form of gold. Even though it's the old way, because it's better because the world is moving into the digital age, for those who already understand crypto, they will store their assets in crypto currency, of course in Bitcoin as the King of crypto currency.
-
If we compare it in terms of popularity, of course gold is more popular and almost the majority of people store their assets in the form of gold. Even though it's the old way, because it's better because the world is moving into the digital age, for those who already understand crypto, they will store their assets in crypto currency, of course in Bitcoin as the King of crypto currency.
I agree, Gold is truly superior to BTC in terms of history and popularity, however, we can also believe that everything can change in the future. Currently, young people are more interested in BTC than gold. BTC has a better price increase than Gold and is a much more attractive investment asset. I don't think BTC can replace Gold in the economy, but at least BTC has survived many challenges and is accepted in the US. It is really worth expecting that in 30-50 years, BTC cap can be equal to Gold cap.
-
I agree, Gold is truly superior to BTC in terms of history and popularity, however, we can also believe that everything can change in the future. Currently, young people are more interested in BTC than gold. BTC has a better price increase than Gold and is a much more attractive investment asset. I don't think BTC can replace Gold in the economy, but at least BTC has survived many challenges and is accepted in the US. It is really worth expecting that in 30-50 years, BTC cap can be equal to Gold cap.
I have nothing against gold, but holding physical gold is super inconvenient. Holding gold bars at home takes up space, requires some sort of safe box and increases risks of house invasion if you're not careful enough to keep it as secret (e.g. if your kids brag at school that daddy has gold bars hidden in his bedroom etc).
For an average person, it's also hard to determine gold's purity or whether certified bars wrapped in plastic packaging are genuine or fake. And it's not easy to move it abroad if needed.
Bitcoin doesn't have such problems, and it also has advantage of fixed issuance model. So, if people stop considering Bitcoin as a temporary fad and realise it's here to stay, I can easily envision it toppling gold in terms of market cap.
The major advantage of gold is its "intrinsic value" which is much overrated anyway.
-
If we compare it in terms of popularity, of course gold is more popular and almost the majority of people store their assets in the form of gold. Even though it's the old way, because it's better because the world is moving into the digital age, for those who already understand crypto, they will store their assets in crypto currency, of course in Bitcoin as the King of crypto currency.
I agree, Gold is truly superior to BTC in terms of history and popularity, however, we can also believe that everything can change in the future. Currently, young people are more interested in BTC than gold. BTC has a better price increase than Gold and is a much more attractive investment asset. I don't think BTC can replace Gold in the economy, but at least BTC has survived many challenges and is accepted in the US. It is really worth expecting that in 30-50 years, BTC cap can be equal to Gold cap.
Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.
-
I have nothing against gold, but holding physical gold is super inconvenient. Holding gold bars at home takes up space, requires some sort of safe box and increases risks of house invasion if you're not careful enough to keep it as secret (e.g. if your kids brag at school that daddy has gold bars hidden in his bedroom etc).
For an average person, it's also hard to determine gold's purity or whether certified bars wrapped in plastic packaging are genuine or fake. And it's not easy to move it abroad if needed.
Bitcoin doesn't have such problems, and it also has advantage of fixed issuance model. So, if people stop considering Bitcoin as a temporary fad and realise it's here to stay, I can easily envision it toppling gold in terms of market cap.
The major advantage of gold is its "intrinsic value" which is much overrated anyway.
What you said is correct about the advantages of BTC over Gold, and that is also one of the reasons why young people prefer to invest and hold BTC rather than Gold.
For Gold, most US investors prefer to buy spot Gold ETFs rather than buying physical gold and storing it themselves. This is different from the behavior of traditional investors in Asia, where Gold is seen as a favorite reserve asset. This is probably also happening with BTC, as US investors already have spot BTC ETFs to buy and sell more easily.
The journey for BTC cap to approach Gold cap will be very long, but we have taken the first very successful steps. I hope in the next few decades, BTC will have a market capitalization equal to Gold and both will be held by many countries around the world!
-
Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.
Yes, there is no point in comparing Bitcoin and gold Bitcoin is now the most popular cryptocurrency and the most profitable investment that has ever been gold I can never boast of such popularity and the maximum that gold was capable of was to be an investment opportunity for investment in the past, but now gold is not worth the future pay attention.
-
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.
Bitcoin is the most preferred investment platform for investors in the modern era. People around the world have had a distinct desire for gold since ancient times. But that hope is gradually diminishing. People have been able to understand the difference between Gold and Bitcoin. In 15 years, Bitcoin has created a significant position for the world. Although the market value of gold is very high, the position that Bitcoin has risen to in a short period of time is no less. Currently the gold market is around 14 trillion while Bitcoin is only 1.4 trillion. However, the amount of capital in this market will change significantly in the next 12 years. Bitcoin will surely become a highly valuable asset than gold.
-
Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.
Yes, there is no point in comparing Bitcoin and gold Bitcoin is now the most popular cryptocurrency and the most profitable investment that has ever been gold I can never boast of such popularity and the maximum that gold was capable of was to be an investment opportunity for investment in the past, but now gold is not worth the future pay attention.
If we talk about the future, everything will use digital technology, so it is possible that gold as a physical asset will be abandoned. For now gold is more popular than bitcoin, but in 5 -6 years we don't know what will happen. It is possible that Bitcoin will compete closely with Bitcoin and it is even possible that many investors will switch to Bitcoin and leave gold.
-
Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.
Yes, there is no point in comparing Bitcoin and gold Bitcoin is now the most popular cryptocurrency and the most profitable investment that has ever been gold I can never boast of such popularity and the maximum that gold was capable of was to be an investment opportunity for investment in the past, but now gold is not worth the future pay attention.
If we talk about the future, everything will use digital technology, so it is possible that gold as a physical asset will be abandoned. For now gold is more popular than bitcoin, but in 5 -6 years we don't know what will happen. It is possible that Bitcoin will compete closely with Bitcoin and it is even possible that many investors will switch to Bitcoin and leave gold.
Everyone abandoned physical gold a long time ago in the form of gold coins, and for half a century gold has been used only in the form of jewelry and few people use it to save money, and Bitcoin is a completely different asset that is currently being invested in order to earn money
-
Everyone abandoned physical gold a long time ago in the form of gold coins, and for half a century gold has been used only in the form of jewelry and few people use it to save money, and Bitcoin is a completely different asset that is currently being invested in order to earn money
Exactly, gold is currently only used for savings and is not used for making transactions anymore, but for those who have gold in the form of whole bars, it will be more valuable than gold in coin or smaller form. Currently we are in the digital era which provides technological advances to store assets in digital form and there is no need to use gold anymore because everyone makes transactions using digital currencies such as Bitcoin. So far, we don't know how much gold supply is still buried on earth, so if all the gold on earth is found, will the price still be as expensive as it is now? I doubt it because the gold supply is still unlimited.
-
If we compare it in terms of popularity, of course gold is more popular and almost the majority of people store their assets in the form of gold. Even though it's the old way, because it's better because the world is moving into the digital age, for those who already understand crypto, they will store their assets in crypto currency, of course in Bitcoin as the King of crypto currency.
Bitcoin is also popular but gold is more because of the timing of existence and I think people focus on physical assets more than an online investment so that's why gold is more popular.
Modern age people are changing their way through which they earn and they are accepting new technologies because they think that new things elevated more quickly as compared to the old one. But others will have different views as nervous system of everyone is unique.
-
Everyone abandoned physical gold a long time ago in the form of gold coins, and for half a century gold has been used only in the form of jewelry and few people use it to save money, and Bitcoin is a completely different asset that is currently being invested in order to earn money
Exactly, gold is currently only used for savings and is not used for making transactions anymore, but for those who have gold in the form of whole bars, it will be more valuable than gold in coin or smaller form. Currently we are in the digital era which provides technological advances to store assets in digital form and there is no need to use gold anymore because everyone makes transactions using digital currencies such as Bitcoin. So far, we don't know how much gold supply is still buried on earth, so if all the gold on earth is found, will the price still be as expensive as it is now? I doubt it because the gold supply is still unlimited.
gold is not used only for saving gold. It is a very good semiconductor. And if he doesn’t say that it is practically the best but also the most expensive today, so gold has always become a little more expensive, but if they find a much cheaper and much better semiconductor for making circuit boards, then I am sure that gold will depreciate in value I have never bought it and I am not going to invest in Bitcoin and earn 1000% on it rather than buy gold and see the growth that inflation shows.
-
Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.
Yes, there is no point in comparing Bitcoin and gold Bitcoin is now the most popular cryptocurrency and the most profitable investment that has ever been gold I can never boast of such popularity and the maximum that gold was capable of was to be an investment opportunity for investment in the past, but now gold is not worth the future pay attention.
Yeah Bitcoin has an edge on that perspective just to be honest and gold on the otherhand has an edge to industrial sector. Bitcoin is future proof when it comes to being a currency or investment no doubt about that.
-
If we talk about the future, everything will use digital technology, so it is possible that gold as a physical asset will be abandoned. For now gold is more popular than bitcoin, but in 5 -6 years we don't know what will happen. It is possible that Bitcoin will compete closely with Bitcoin and it is even possible that many investors will switch to Bitcoin and leave gold.
It's true, as the years go by, technology will develop and everything will become completely digital, all the transactions you make will no longer use paper money so it will be environmentally friendly because you don't need paper anymore. Cryptocurrency can be said to be the main pioneer in creating digital transactions that are safer, faster and easier to use.
-
If we talk about the future, everything will use digital technology, so it is possible that gold as a physical asset will be abandoned. For now gold is more popular than bitcoin, but in 5 -6 years we don't know what will happen. It is possible that Bitcoin will compete closely with Bitcoin and it is even possible that many investors will switch to Bitcoin and leave gold.
It's true, as the years go by, technology will develop and everything will become completely digital, all the transactions you make will no longer use paper money so it will be environmentally friendly because you don't need paper anymore. Cryptocurrency can be said to be the main pioneer in creating digital transactions that are safer, faster and easier to use.
You are both right, we have entered the digital era, even though the government has not yet fully accepted digital currency technology. We don't always use FIAT money, maybe it will change to digital currency in the future. Let's just wait.
-
Gold and Bitcoin are indeed very different commodities and have different shapes or characteristics too. Gold has a physical form that can be used for transactions until ancient times before the internet, we could use gold to make whatever purchases you want, whereas now technology continues to develop and Bitcoin is created as a digital currency that can compete with the price of gold. Currently Bitcoin is very popular because Bitcoin has fast price movements so it will be profitable for those who can make good use of its price movements.
Yes, there is no point in comparing Bitcoin and gold Bitcoin is now the most popular cryptocurrency and the most profitable investment that has ever been gold I can never boast of such popularity and the maximum that gold was capable of was to be an investment opportunity for investment in the past, but now gold is not worth the future pay attention.
Yeah Bitcoin has an edge on that perspective just to be honest and gold on the otherhand has an edge to industrial sector. Bitcoin is future proof when it comes to being a currency or investment no doubt about that.
It’s definitely difficult to say what is more profitable now, or more precisely what will be more profitable in 5-10 years, because even Bitcoins cannot help but begin to grow further, and today Bitcoin is the most popular asset for investment; what it will be worth in 5 years is unknown; Bitcoin may cost in 5 years. 1 million dollars and one dollar
-
You are both right, we have entered the digital era, even though the government has not yet fully accepted digital currency technology. We don't always use FIAT money, maybe it will change to digital currency in the future. Let's just wait.
If we talk about the government then it depends on which government you are talking about, in the American government many digital currency platforms have been created and many are also developing there. Even in China there are also many digital currencies being developed, so I think many countries have who started developing a digital currency to show that his country is a developing country.
-
and today Bitcoin is the most popular asset for investment
Bitcoin is only the most popular asset on the news
(https://i.ibb.co/v4WjV9R/1.png)
I don't think they considered BTC.
Where would BTC stay in this chart?
-
You are both right, we have entered the digital era, even though the government has not yet fully accepted digital currency technology. We don't always use FIAT money, maybe it will change to digital currency in the future. Let's just wait.
If we talk about the government then it depends on which government you are talking about, in the American government many digital currency platforms have been created and many are also developing there. Even in China there are also many digital currencies being developed, so I think many countries have who started developing a digital currency to show that his country is a developing country.
Many developed countries have developed digital currencies, that's true. but the legality of bitcoin and altcoins as payment methods is still not legalized. This is also a problem for us crypto lovers who hope that crypto currency can also be accepted and legalized in every country
-
and today Bitcoin is the most popular asset for investment
Bitcoin is only the most popular asset on the news
I don't think they considered BTC.
Where would BTC stay in this chart?
Still, I think that I said this in the context of those who know how to make money on it, rich people with old money are not very willing to invest in something new, Bitcoin is very good for those who are starting their journey in trading and do not want to trade through brokers on the stock exchange.
-
Still, I think that I said this in the context of those who know how to make money on it, rich people with old money are not very willing to invest in something new, Bitcoin is very good for those who are starting their journey in trading and do not want to trade through brokers on the stock exchange.
Older generations may still place their faith in Gold, oil, real estate, stocks, and so on, while younger generations have missed out on those opportunities. What younger generations have is technological savvy and dynamism. They can learn about blockchain and crypto, and they will seize the crypto wave to create opportunities for wealth. I believe that younger generations will adopt BTC more easily and buy BTC instead of stocks or Gold. This is why we are seeing BTC prices rising more strongly than stock indices and gold. Of course, the total market cap of crypto in general and BTC in particular is still very small compared to the value of the gold and stock markets. BTC will need more time and support to catch up with Gold in the future, maybe 20-30 years.
-
Still, I think that I said this in the context of those who know how to make money on it, rich people with old money are not very willing to invest in something new, Bitcoin is very good for those who are starting their journey in trading and do not want to trade through brokers on the stock exchange.
Older generations may still place their faith in Gold, oil, real estate, stocks, and so on, while younger generations have missed out on those opportunities. What younger generations have is technological savvy and dynamism. They can learn about blockchain and crypto, and they will seize the crypto wave to create opportunities for wealth. I believe that younger generations will adopt BTC more easily and buy BTC instead of stocks or Gold. This is why we are seeing BTC prices rising more strongly than stock indices and gold. Of course, the total market cap of crypto in general and BTC in particular is still very small compared to the value of the gold and stock markets. BTC will need more time and support to catch up with Gold in the future, maybe 20-30 years.
I think this doesn’t depend at all on how old a person is in cryptocurrency, there is no specific age category. I know a lot of people who are over 60, who are over 50, or over 40 years old. And in fact, I know very few people who are 20-30 years old. Cryptocurrency, people with a certain mindset are involved in cryptocurrency; they are just young people who, in fact, just work and don’t think about anything.
-
I think this doesn’t depend at all on how old a person is in cryptocurrency, there is no specific age category. I know a lot of people who are over 60, who are over 50, or over 40 years old. And in fact, I know very few people who are 20-30 years old. Cryptocurrency, people with a certain mindset are involved in cryptocurrency; they are just young people who, in fact, just work and don’t think about anything.
Investment decisions depend on many factors, including personal perceptions and views, which are shaped by the age and era one has experienced. Those who have been exposed to and seen opportunities in gold, oil, and stocks tend to favor them. Conversely, younger people exposed to the internet are more inclined towards BTC and crypto. Of course, there are many exceptions: many older adults still prefer BTC like Saylor, or many younger people are still anti-crypto.
I am just presenting a few cases so that we can see that many billionaires and many investment funds are starting to take an interest in BTC as a financial instrument for the investment field. This means that BTC is becoming an important part of the economy, the BTC cap has the potential to continue to grow strongly in the future and may catch up with the Gold cap in the future, possibly in 10-20 years.
-
I am just presenting a few cases so that we can see that many billionaires and many investment funds are starting to take an interest in BTC as a financial instrument for the investment field. This means that BTC is becoming an important part of the economy, the BTC cap has the potential to continue to grow strongly in the future and may catch up with the Gold cap in the future, possibly in 10-20 years.
I think BTC will be able to reach the gold market cap much sooner, and it won't have to wait 20 years. In fact, even now there are many predictions that the BTC price will reach $1 million. At this price, the BTC market cap will be higher than the current gold market cap, and I wouldn't be surprised if it happens in a couple of halving, i.e. in 8 years.
-
About 212,582 tonnes of gold has been mined till 2023 and no one knows how much gold there is worldwide because it is a natural resource. But in the case of Bitcoin, even though its creator is still anonymous, its function has a supply limit set at 21 million. No more bitcoins can be mined. So even if all bitcoins were mined, the bitcoin price would still be around $815k per bitcoin to have a capitalization equal to Gold's current marketcap. And the market cap of gold is not stable so its cap will increase in the future. so bitcoin can never replace the gold by the supply or by the marketcap
-
I think this doesn’t depend at all on how old a person is in cryptocurrency, there is no specific age category. I know a lot of people who are over 60, who are over 50, or over 40 years old. And in fact, I know very few people who are 20-30 years old. Cryptocurrency, people with a certain mindset are involved in cryptocurrency; they are just young people who, in fact, just work and don’t think about anything.
Investment decisions depend on many factors, including personal perceptions and views, which are shaped by the age and era one has experienced. Those who have been exposed to and seen opportunities in gold, oil, and stocks tend to favor them. Conversely, younger people exposed to the internet are more inclined towards BTC and crypto. Of course, there are many exceptions: many older adults still prefer BTC like Saylor, or many younger people are still anti-crypto.
I am just presenting a few cases so that we can see that many billionaires and many investment funds are starting to take an interest in BTC as a financial instrument for the investment field. This means that BTC is becoming an important part of the economy, the BTC cap has the potential to continue to grow strongly in the future and may catch up with the Gold cap in the future, possibly in 10-20 years.
Due to the fact that Bitcoin was approved on the stock exchange in Asia, we can count on a good influx of investments, naturally, there is a good growth of Bitcoin, but we should not count on the fact that Bitcoin has the potential to grow. I believe that Bitcoin has the potential to grow as long as people buy it.
-
I think BTC will be able to reach the gold market cap much sooner, and it won't have to wait 20 years. In fact, even now there are many predictions that the BTC price will reach $1 million. At this price, the BTC market cap will be higher than the current gold market cap, and I wouldn't be surprised if it happens in a couple of halving, i.e. in 8 years.
Yeah, I think if Bitcoin is ever to overtake gold in terms of market cap, it will happen much sooner than 20 years, or it won't happen at all. It's just not the kind of asset that could stagnate for over a decade or so. Investors expect volatility and big gains, if they don't see it, they would jump off and look for something else.
Of course the public perception could change in the years to come, and Bitcoin could start being perceived as a safe store of value instead of get-rich-quick scheme, which is possible if the price stops following the 4-year halving cycles (which it will eventually).