Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Lutera94 on February 21, 2021, 06:39:54 AM
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Recently bitcoin reached 1 Trillion marketcap. That is new milestone in crypto, as well bitcoin.day by day many investors are moving from gold to bitcoin. people are losing interest in gold.Total supply of gold is not limited but bitcoin total supply is limited. it seems that bitcoin is not going to stop soon and i hope bitcoin will be beat gold marketcap very early.
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Bitcoin marketcap is now just $1.05T where Gold marketcap is $11.32. To surpass GOLD, Bitcoin price will have to hit $620k at least in the near future if Gold market becomes stable but we know it's not stable. Day by day, price increases owing to its increasing demand. So It's very difficult to surpass Gold by Bitcoin sooner.
Related sites:
https://companiesmarketcap.com/assets-by-market-cap/
https://8marketcap.com
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The market of bitcoin is increasing day by day and the interest of investors in it is increasing. Investors are also investing a lot in gold, but if we look at the data, the graph of bitcoin is growing more rapidly. Because in this last few years, bitcoin has given many times more profit than gold.
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If we look at the market cap at the moment, we can see that there are a lot of investors in Bitcoin. And the most famous people in the world are investing in Bitcoin, which is one of the reasons why the price of Bitcoin is increasing day by day. If we look at the gold market, we can see that investors are more inclined towards Bitcoin than gold at present. Which is probably why the price of Bitcoin is going up so much overnight.
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Probably we can see how the Bitcoin price is significantly increasing and this also influences how the rank ad also interests from new people to Bitcoin. So far, we can see how the chance of Bitcoin to be in the market cap and stay there. ANd they are good competitor for gold.
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~ i hope bitcoin will be beat gold marketcap very early.
I'd love this to happen actually and slap it on Peter's face but nah...ten trillion is too much. It would take a massive decline in Gold's value and an insane surge of BTC price. @Malam90 has given you the figures to think about and not just talk with minimal analysis.
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It would be a mistake to compare gold with Bitcoin at present. This is because the price of bitcoins is rising a lot at the moment but the price of gold is going to rise and fall further.Many discussed that holding bitcoin would not be good if holding gold would be better. I have always been in favor of holding bitcoin. Because the price of Bitcoin will go up and the price of gold will go up like this No.
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The price of science is increasing exponentially over time. The price of Bitcoin is rising more than the price of gold. At some point, people may panic with Bitcoin seeing its price. Look at the price of Bitcoin, it will be 100000 dollars, then its true form will be revealed.
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The price of gold is, of course, stable, but the price of bitcoin is constantly changing and this is a huge problem for someone, well, of course, in the future, the price of bitcoin will only grow and will reach new heights, and gradually more and more people will invest in bitcoin and thus the capitalization of bitcoin in the future will overtake the capitalization of gold.
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I don't think this is possible in the short term, as Bitcoin capitalization is currently only 10% of the gold capitalization. If it want to surpass the capitalization of gold, BTC needs to reach 600K USD. This is an overwhelming price for the current crypto market, and I believe we are not ready for that. Let give this quest to halving 2024 :)
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It is very possible since Bitcoin grows very well and fast lately. I am not surprised if Bitcoin can overtake the gold market cap someday or in the near future. Many people also join Bitcoin investment now, not only old investors/traders but many newcomers as well. This will lead bitcoin to grow faster and can overtake gold.
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Gold is a very promising investment. This has high market cap. However, right now, Bitcoin is also very hype and we can see that there are some chances to get higher and higher again moreover in this bullish tie with much good fundamental news.
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Indeed, bitcoin is becoming more valuable every day, but I think it can become a digital ally of gold, a strong hard currency, but it cannot completely replace it!
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Gold is currently number one, but Bitcoin volume is also increasing. If the price of Bitcoin continues to increase, I also believe Bitcoin can take the position of Gold as an asset with number one Market Capitalization Volume.
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It is also about because of supply and demand. I this area, we can see also that many more people ofr commodity really get the very big idea t know BTC can surpass the gold from the market cap. But it may still at the same time or wait for the next pump again.
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Recently bitcoin reached 1 Trillion marketcap. That is new milestone in crypto, as well bitcoin.day by day many investors are moving from gold to bitcoin. people are losing interest in gold.Total supply of gold is not limited but bitcoin total supply is limited. it seems that bitcoin is not going to stop soon and i hope bitcoin will be beat gold marketcap very early.
An investor does not lose interest in gold, as I can see here
https://cointelegraph.com/ (https://cointelegraph.com/news/bitcoin-has-actually-only-taken-2-of-gold-market-cap-new-data-suggests#:~:text=Previously%2C%20commentators%20noted%20that%20Bitcoin,in%20its%2012%2Dyear%20history)
The current circulation of gold is still good and Bitcoin only takes 2% of the market capitalization of Gold
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really? Bitcoin is now very popular, but really it can surpass the Gold market cap? If yes, this means that the world really has achieved Bitcoin. ANd most people are ready with the cryptocurrency wordl. but let's see what will happen to the next
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Due to the increase in the price of Bitcoin, many people think that the Bitcoin market may surpass Gold. No matter how much the price of beacons goes up, those who invest in gold have a confidence that it will not suddenly go down as much as the price of bitcoin. That's why Bitcoin invests more in gold.
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That is posible in the future because crypto community is getting huge and increasing. Private investors are now jumping in and Bitcoin is their new playground so we have to expect something great to happen in that marketcap in the coming years.
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Bitcoin is growing in popularity and many new Investors who are currently entering the Cryptocurrency business, they are starting to invest in Bitcoin in large amounts. However, Gold's market capitalization is very high at number 1, while Bitcoin is at number 13-14 if I'm not mistaken. It is still a long way off in my opinion, it will take a long time to surpass Gold's market cap.
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Bitcoin is the most expensive coin in the cryptocurrency market. Now people are investing more in Bitcoin. Bitcoin is a virtual asset. Gold, on the other hand, is physically asset. I think the price of Bitcoin will increase a lot more in the future. Bitcoin however has surprssed gold long ago.
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At the present time, bitcoin will become a trivial matter to bitcoin. The price of Bitcoin is currently around হাজার 50,000. Whenever the price of Bitcoin is 1k million, the real form of Bitcoin can be seen.
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Yes you are right that Bitcoin can surpass the market cap it is true but Bitcoin is one of the most popular tokens and it is much more used. Bitcoin is compared to gold because the price of Bitcoin is like the price of gold so Bitcoin is compared to gold. From this it can be said that Bitcoin can surpass the gold market cap.
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The Marketcap of Gold is truly enormous and may also be overtaken but maybe you don't know when because the value of the Bitcoin market cap is still too small when compared to the Gold market cap.
Maybe you have to wait 4 years from now because usually when the Bitcoin halving will prove or find another price for All Time High.
This is really very thrilling because if Bitcoin is against Gold it's still too tough for Bitcoin, we'll just wait for this next moment!
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I will continue to hope that if Bitcoin can penetrate the marketcap of gold, maybe if it feels difficult at least Bitcoin can approach the marketcap of Gold.
It seems like what I say is like ridiculousness and it will really be a great story later if the marketcap of Bitcoin can penetrate the marketcap of gold.
Because in the past 1 Bitcoin was valued at less than 1 USD and now 1 Bitcoin has passed tens of thousands of USD.
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In any case, today Bitcoin practically surpasses all assets that are familiar to all investors. Based on this, I do not doubt the superiority of Bitcoin over gold, although one must take into account the physical characteristics of gold and its demand in high technologies and industries, as well as its scarcity.
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Bitcoin marketcap is now just $1.05T where Gold marketcap is $11.32. To surpass GOLD, Bitcoin price will have to hit $620k at least in the near future if Gold market becomes stable but we know it's not stable. Day by day, price increases owing to its increasing demand. So It's very difficult to surpass Gold by Bitcoin sooner.
Related sites:
https://companiesmarketcap.com/assets-by-market-cap/
https://8marketcap.com
However, even if the capitalization of bitcoin surpasses gold in market capitalization, which is not very realistic yet, nothing will change from this anyway. Gold will remain a good and reliable store of value, while Bitcoin, due to high price volatility, will never have it.
The value of bitcoin can rise to a million dollars, but we can never be sure that after a short period of time its price will not fall to 10,000 dollars or even lower. And gold will always remain gold ...
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Bitcoin marketcap is now just $1.05T where Gold marketcap is $11.32. To surpass GOLD, Bitcoin price will have to hit $620k at least in the near future if Gold market becomes stable but we know it's not stable. Day by day, price increases owing to its increasing demand. So It's very difficult to surpass Gold by Bitcoin sooner.
Related sites:
https://companiesmarketcap.com/assets-by-market-cap/
https://8marketcap.com
Yes you are right. It will not be so easy to beat GOLD.Because gold is a physical thing and people believe in it more than btc. To beat gold btc need to increase its price so much high which not possible anttime sooner.Also the end of bull run is coming.
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Recently bitcoin reached 1 Trillion marketcap. That is new milestone in crypto, as well bitcoin.day by day many investors are moving from gold to bitcoin. people are losing interest in gold.Total supply of gold is not limited but bitcoin total supply is limited. it seems that bitcoin is not going to stop soon and i hope bitcoin will be beat gold marketcap very early.
I think the reason why people are listing interest in gold , because bitcoin is more profitable and digital asset. I see many people have rich in bitcoin..Gold is more stable, I think bitcoin will more popular than gold..
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I think that the capitalization of bitcoin will not exceed gold, if only because only 2% of the population owns bitcoin. Gold has been known all over the world for thousands of years and it has a material component and is used in many industries.
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Surpassing the gold market? Well, it is probably, but not for this time. It needs longer and longer time again. We know that gold is the very recommended and also used stock with its great market cap. Gold is about many thing in the country., Everybody loves gold and it becomes so precious.
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On daily basis, the mass adoption of bitcoin is increasing with a high number of users and enthusiast, making the crypto space more busy and increasing the wide range of bitcoin users round the world. It took a very long time for Gold to make its stand as number one most expensive asset, for bitcoin to beat Gold is possible, (when we look at the rate of mass adoption and the rate at which bitcoin price is moving) but it will take more time for this to be archived.
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Nowadays not only the market cap of Bitcoin seems surprising but every moment of Bitcoin seems surprising to me.Bitcoin has now reached a stage we could never have imagined. If the price of bitcoin continues to rise in this way, it will soon touch a market cap of gold.
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Bitcoin is now in the eighth ranks of market cap. Well, if the people are more to be interested in Bitcoin and will be involved in Bitcoin every time, not only during the bullish time, maybe it can get it. But if the people only concern BTC in certain season, I am not sure about it, Gold is strong stock and there are so many people who are involved in this
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it looks like bitcoin is increasing day by day and the interest of investors in it is also increasing. Investors are also growing rapidly in gold, but if we look at the data, it is certain that the bitcoin chart is growing even faster. Because in the last few years, bitcoin has provided profits many times more.
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I do not think that Bitcoin will replace gold, most likely they will coexist together and be a store of value. Both of them are not backed by anything, only the faith of the people.
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Bitcoin already passed Gold. I am not sure about marketcap, but about popularity, I think Bitcoin will be better than Gold. People are now just starting to use Bitcoin massively and they know about the potential in Bitcoin. We will see in the future that Bitcoin to be the most favorite asset for people around the world.
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The future of cryptocurrency is much better in every country. The state of the currencies is constantly changing. The condition of some currencies is constantly deteriorating. The condition of some currencies is good. Bitcoin ranks highest among the best currencies. It is possible to make a profit by investing in Bitcoin currency.
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In a decade it is very likely. Gold is still an important asset but Bitcoin will be more important than it.
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The fact is that in the future, the capitalization of Bitcoin will increase at least 15 times. It will be an international cryptocurrency that will be used by most of the inhabitants of our planet, and therefore Bitcoin will be much more important and much more in demand than gold.
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Recently bitcoin reached 1 Trillion marketcap. That is new milestone in crypto, as well bitcoin.day by day many investors are moving from gold to bitcoin. people are losing interest in gold.Total supply of gold is not limited but bitcoin total supply is limited. it seems that bitcoin is not going to stop soon and i hope bitcoin will be beat gold marketcap very early.
I think Bitcoin has surprised the gold market right now. Everybody is now buying bitcoin instead of buying gold. Earlier people preferred gold over bitcoin.But now the price of bitcoin has risen so much that it has surprised the gold market a lot.
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Recently bitcoin reached 1 Trillion marketcap. That is new milestone in crypto, as well bitcoin.day by day many investors are moving from gold to bitcoin. people are losing interest in gold.Total supply of gold is not limited but bitcoin total supply is limited. it seems that bitcoin is not going to stop soon and i hope bitcoin will be beat gold marketcap very early.
It is difficult mate, I don't think bitcoin could possible to surpass gold market cap. Gold is most popular and physical assets. Bitcoin is more profitable, but I see old people still believed in gold for their investment.
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Gold investment was from long long time ago without any digital currency. Time came for development and discoveries of digital money which was Bitcoin. Went back at that time Bitcoin value was just so cheap $0.1 until the years passed by until today the price is really shocking $61,000 the all time high. One day it is so possible maybe more years from now that Bitcoin will over take gold investment.
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Nowadays not only the market cap of Bitcoin seems surprising but every moment of Bitcoin seems surprising to me.Bitcoin has now reached a stage we could never have imagined. If the price of bitcoin continues to rise in this way, it will soon touch a market cap of gold.
Indeed Bitcoin can always surprise us - so often that surprises are not that surprising anymore haha
I think it will take a long time but Bitcoin could surpass gold in market cap, if the price keeps increasing the way we think it will and the rest of the bitcoins eventually enter circulation.
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Definitely, I am very sure that bitcoin will surpass gold marketcap in few years from now(2021). Just imagine bitcoin that was invented 10years ego, and now btc has touched $1.5t. I just think that in few years, btc will overtake gold with huge gap that may gold may not come back to it's position.
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I agree with you that the popularity of Bitcoin is growing in such a way that I also believe that Bitcoin will soon surpass Gold in the investment market. The demand for Bitcoin is higher than that of Gold in the investment market. People are more comfortable investing in Bitcoin than investing in Gold. So I think Bitcoin can overtake Gold at any time in the investment market.
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Yeah Al that sounds pretty crap to me, Looks like Bitcoin aint for me either. The price of this bitcoin is increasing day by day. However, I think this is the kind of influence that people have on Bitcoin That's a lot more. I have been seeing for some time that the bitcoin market has dumped a lot and sometimes it has been seen that it has pumped a lot.
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As time goes by, I see a great future for the advancement of cryptocurrency, Tesla has accepted Bitcoin payments and that will be the beginning of the increasing number of Bitcoin market cap in the following year.
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Recently bitcoin reached 1 Trillion marketcap. That is new milestone in crypto, as well bitcoin.day by day many investors are moving from gold to bitcoin. people are losing interest in gold.Total supply of gold is not limited but bitcoin total supply is limited. it seems that bitcoin is not going to stop soon and i hope bitcoin will be beat gold marketcap very early.
I agree with your argument. Although investing in gold is safer than bitcoin, the amount of profit is very limited; So people's interest in investing in gold is declining. On the other hand, while investing in Bitcoin is risky, the amount of profit here is very high, many times unimaginable. So investing in Bitcoin is increasing day by day; As a result, I believe that investing in Bitcoin will soon surpass gold investment.
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I think it is possible for Bitcoin to surprise the gold market. I understood gold to be a very valuable thing. Gold was at the top of demand before humans.However, people are now preferring digital currency called bitcoin to gold. Because investing in a digital currency platform called Bitcoin can be more profitable.
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There is a possible it will happened bitcoin could surpass gold marketcap because as of now bitcoin will higher regularly due to many assets joined in cryptocurrency and one of them someday it can catched over displayed in marketcap boundary regarding of each prices maintained.
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Bitcoin is a well-known coin in the world of cryptocurrency. There are a lot of people out there who use their money to make money, but now those people are investing all their money in Bitcoin or cryptocurrency because Bitcoin is now more valuable than gold.
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You have spoken out my mind. I also think investors are taking more interest in bitcoin but those who can take risk. If bitcoin will keep moving upward like this the day is not far when Btc can surpass the gold market cap but it's not so easy because the gold market cap is very high as compared to the BTC market cap. I believe in the potential of BTC but those who do not like to take a risk with their capital will keep investing in Gold because Btc is a quite volatile and normal investor does not like to take the risk.
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I think it is possible for Bitcoin to surprise the gold market. I understood gold to be a very valuable thing. Gold was at the top of demand before humans.However, people are now preferring digital currency called bitcoin to gold. Because investing in a digital currency platform called Bitcoin can be more profitable.
Marketcap of Bitcoin $1.07T where gold marketcap is $11.10T. That means 11x higher than Bitcoin. So, to surpass Gold marketcap, Bitcoin price will have to cross $650k per BTC. Is it possible for sooner? Probably not. So, it's a mare of dream or day dream to think surpassing gold marketcap very soon. We have to talk with reality, not on emotions, feelings or love.
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I apologize, but some serious analysts in the cryptocurrency market suggest such a possibility and even voice figures that Bitcoin can increase its current capitalization by about 10 or even 15 times over the next ten years. I believe that this is quite possible, given the growing demand for bitcoin and its popularization in society.
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Recently bitcoin reached 1 Trillion marketcap. That is new milestone in crypto, as well bitcoin.day by day many investors are moving from gold to bitcoin. people are losing interest in gold.Total supply of gold is not limited but bitcoin total supply is limited. it seems that bitcoin is not going to stop soon and i hope bitcoin will be beat gold marketcap very early.
In.my opinion at the coming future, investors will prefer invest in crypto currency than hold
because crypto currency i is more profitable.
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Recently bitcoin reached 1 Trillion marketcap. That is new milestone in crypto, as well bitcoin.day by day many investors are moving from gold to bitcoin. people are losing interest in gold.Total supply of gold is not limited but bitcoin total supply is limited. it seems that bitcoin is not going to stop soon and i hope bitcoin will be beat gold marketcap very early.
Even if this happens and bitcoin surpasses gold in terms of capitalization, it still does not mean anything. The price volatility of the cryptocurrency is very high, and bitcoin can not only rise in price, but also fall. The price of gold, though slowly, still grows over time. Bitcoin in the near future may bypass gold several times, but there is no guarantee that it will retain this superiority.
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that's what makes bitcoin price movements interesting because price movements can go up and down by taking advantage of moments like that can provide a lot of profit because when the price collapses we can buy as much as we can and after it rises we can sell and withdraw profits.
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Bitcoin marketcap is now just $1.05T where Gold marketcap is $11.32. To surpass GOLD, Bitcoin price will have to hit $620k at least in the near future if Gold market becomes stable but we know it's not stable. Day by day, price increases owing to its increasing demand. So It's very difficult to surpass Gold by Bitcoin sooner.
Related sites:
https://companiesmarketcap.com/assets-by-market-cap/
https://8marketcap.com
Good analysis, gold market cap $11.32 T , I think it is too far ,if we compare to bitcoin market only $1.16T now
It will take several years, maybe long years.
But I think bitcoin has potential to be but not for the next few years.
Gold is the legend of investment, gold is real asset and bitcoin is digital asset.
But I doubt bitcoin will surpass gold marketcap
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Bitcoin marketcap is now just $1.05T where Gold marketcap is $11.32. To surpass GOLD, Bitcoin price will have to hit $620k at least in the near future if Gold market becomes stable but we know it's not stable. Day by day, price increases owing to its increasing demand. So It's very difficult to surpass Gold by Bitcoin sooner.
Related sites:
https://companiesmarketcap.com/assets-by-market-cap/
https://8marketcap.com
If we believe that Gold's price is not stable as in, its price increase day by day because of its increasing demand then I truly don't know what to say for Bitcoins price, it must be skyrocketing out of hand according to this chat.
(https://i.imgur.com/H3rbBV2.jpg)
We can see from this attached back in 2010 where the price of Bitcoin was in comparison to Gold and fast forward to
2021
(https://i.imgur.com/YgVBpPI.jpg)
the huge gap between the price of Bitcoin and Gold, more than a million percent increase. I would say this might not be a problem in the near future.
Bitcoin V Gold (https://www.longtermtrends.net/bitcoin-vs-gold/)
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People in countries that have cryptocurrency approvals are now buying more bitcoins instead of buying gold. Because the price of gold does not increase as the market of Bitcoin increases. Bitcoin has become a very popular currency in many countries with the change of time. So it goes without saying that Bitcoin is currently on par with gold.
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We know that bitcoin price is very higher than others crypto in the cryptocurrency world.We also know that gradually it's popularity and price is in increasing.So i think that gradually it's popularity will spread worldwide. Otherwise we can see that gold is not stable in the cryptocurrency market.So i think that it's bitcoin could to improve in the cryptocurrency world.
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if you calculate the exchange volume of gold and bitcoin it might be possible to catch up with it, but bitcoin might be more risky and there will be no guarantee that bitcoin will win because bitcoin price movements can be manipulated when the whales have a lot of money, especially now USDT can be created with a very large number so that it can threaten the price of bitcoin.
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Bitcoin market cap is currently $ 1.234 T on the other hand gold market cap $11.570 T.
However, Bitcoin is the most popular of the two and Bitcoin is the most in demand worldwide.You are the best bitcoin to me.
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The market cap of Gold is really very large and even the value of the Bitcoin mock-up has not yet reached 1% of the total gold marketcap worldwide and if Bitcoin wants to beat the marketcap of Gold it may take a while to be gentle.
I also hope that the Gold market cap can be overtaken by Bitcoin so that I can experience what is the extraordinary advantage of holding various tokens in my wallet.
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Bitcoin prices have risen sharply in the current cryptocurrency market. Imagine for a second you were transposed into the karmic driven world of Earl. The current Bitcoin price is going to touch 68,000 dollar.
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Towards the end of 2021, I think every step of Bitcoin is a surprise. I never imagined that the market would grow so much towards the end of 2021. However, as the market is growing, it is very good news for us. We all want the price of bitcoin to go up because when the price of bitcoin goes up, so do other cryptocurrency coins. Stays in good condition. Hopefully, what you expected with Bitcoin will come true.
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Actually I'm not just hoping the Bitcoin market cap will surpass the Gold Market cap. Because I believe it will happen, seeing the development of Bitcoin continues to increase and more and more people are interested. But I prefer Bitcoin to be accepted by the public and the world officially. So that Bitcoin users will find it easier to use Bitcoin as a means of payment and transactions directly.