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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.
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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.
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- 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!
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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!
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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.
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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.
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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.
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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.
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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
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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.
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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.
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(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.
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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
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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.
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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
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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.
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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.
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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.
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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?
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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/)
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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.
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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.
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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.
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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)
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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.
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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.
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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
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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)
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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 :-[
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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.
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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.
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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.
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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.
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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.
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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.
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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)
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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?
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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.
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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.
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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.
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$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.
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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.
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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?
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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.
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$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.
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$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.
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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)
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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.
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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
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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.
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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
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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.
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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).
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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.
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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.
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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 .
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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.
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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.
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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.
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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.
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(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))
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It all depends on the price of Bitcoin, if we look more closely at this chart we will see that gold is in first place by a strong margin and all the others in the top 10 have approximately the same capitalization, taking into account the fact that Bitcoin increases 3-4 times after complication - division then you can safely multiply the liquidity of Bitcoin by 3 and we will see that Bitcoin can easily take 2nd place behind gold, and we will be able to talk about whether it will be able to overtake it only in 3 years))
Bitcoin has the potential to be second behind gold, because we see the development and movement of bitcoin so far. but we know everything takes time. I don't think bitcoin will overtake gold yet, Gold is an investment legend. it is too difficult to replace gold in physical form, while bitcoin is a digital currency.
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It all depends on the price of Bitcoin, if we look more closely at this chart we will see that gold is in first place by a strong margin and all the others in the top 10 have approximately the same capitalization, taking into account the fact that Bitcoin increases 3-4 times after complication - division then you can safely multiply the liquidity of Bitcoin by 3 and we will see that Bitcoin can easily take 2nd place behind gold, and we will be able to talk about whether it will be able to overtake it only in 3 years))
Bitcoin has the potential to be second behind gold, because we see the development and movement of bitcoin so far. but we know everything takes time. I don't think bitcoin will overtake gold yet, Gold is an investment legend. it is too difficult to replace gold in physical form, while bitcoin is a digital currency.
While Bitcoin can not catch up and overtake gold, but soon it will catch up, it all depends on the price, and the price of Bitcoin does not grow like gold, gold can not grow 3-4 times in three years, but Bitcoin can and constantly does it.
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While Bitcoin can not catch up and overtake gold, but soon it will catch up, it all depends on the price, and the price of Bitcoin does not grow like gold, gold can not grow 3-4 times in three years, but Bitcoin can and constantly does it.
I don't think that's going to happen anytime soon. At the earliest, in an optimistic scenario I think it could happen in about ten years, if not quite a bit longer. Realistically, bitcoin's market cap will reach 3 or 3.5T at the most in this cycle, while gold's market cap is at 15T. If we are optimistic for the 2028-32 cycle, the market cap could reach 10T, and perhaps in the 32-36 cycle it could surpass gold.
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While Bitcoin can not catch up and overtake gold, but soon it will catch up, it all depends on the price, and the price of Bitcoin does not grow like gold, gold can not grow 3-4 times in three years, but Bitcoin can and constantly does it.
I don't think that's going to happen anytime soon. At the earliest, in an optimistic scenario I think it could happen in about ten years, if not quite a bit longer. Realistically, bitcoin's market cap will reach 3 or 3.5T at the most in this cycle, while gold's market cap is at 15T. If we are optimistic for the 2028-32 cycle, the market cap could reach 10T, and perhaps in the 32-36 cycle it could surpass gold.
You look at the growth of bitcoin for the last 10 years and how did you build such a conclusion in 20 years ?)) it is a lot and you did not take into account the most important variable, it is the number of people who will have bitcoin in their hands and the more of them (and they are more every year) the more bitcoin will be worth and its capitalization will be larger.
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You look at the growth of bitcoin for the last 10 years and how did you build such a conclusion in 20 years ?)) it is a lot and you did not take into account the most important variable, it is the number of people who will have bitcoin in their hands and the more of them (and they are more every year) the more bitcoin will be worth and its capitalization will be larger.
In the next 20 years, the price of Bitcoin will become very expensive because the supply of Bitcoin will become increasingly thin, it will be increasingly difficult for miners to get Bitcoin until finally the price of Bitcoin will soar. That's why currently I prefer to keep Bitcoin for a very long time because I believe Bitcoin will become very expensive if held for a very long time.
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You look at the growth of bitcoin for the last 10 years and how did you build such a conclusion in 20 years ?)) it is a lot and you did not take into account the most important variable, it is the number of people who will have bitcoin in their hands and the more of them (and they are more every year) the more bitcoin will be worth and its capitalization will be larger.
In the next 20 years, the price of Bitcoin will become very expensive because the supply of Bitcoin will become increasingly thin, it will be increasingly difficult for miners to get Bitcoin until finally the price of Bitcoin will soar. That's why currently I prefer to keep Bitcoin for a very long time because I believe Bitcoin will become very expensive if held for a very long time.
I think if the price of bitcoin crosses $100k this year then bitcoin can move from ninth position to fifth position. Moreover, with the way Bitcoin is gaining popularity, in the distant future ten years from today, Bitcoin may occupy the third best position. Moreover, if the various countries of the world give Bitcoin acceptance and universality, I don't think it will take 20 years for Bitcoin to overtake gold. But in my opinion, both gold and bitcoin are going to become the world's most popular investment platforms very quickly.
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You look at the growth of bitcoin for the last 10 years and how did you build such a conclusion in 20 years ?)) it is a lot and you did not take into account the most important variable, it is the number of people who will have bitcoin in their hands and the more of them (and they are more every year) the more bitcoin will be worth and its capitalization will be larger.
In the next 20 years, the price of Bitcoin will become very expensive because the supply of Bitcoin will become increasingly thin, it will be increasingly difficult for miners to get Bitcoin until finally the price of Bitcoin will soar. That's why currently I prefer to keep Bitcoin for a very long time because I believe Bitcoin will become very expensive if held for a very long time.
I agree with you, if you hold Bitcoin for a very long time, you can get a good percentage, I don’t do this yet because every dollar works for me, when I have an extra 10-100k lying around freely, then I will also buy Bitcoin and keep it for several years.
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I think if the price of bitcoin crosses $100k this year then bitcoin can move from ninth position to fifth position. Moreover, with the way Bitcoin is gaining popularity, in the distant future ten years from today, Bitcoin may occupy the third best position. Moreover, if the various countries of the world give Bitcoin acceptance and universality, I don't think it will take 20 years for Bitcoin to overtake gold. But in my opinion, both gold and bitcoin are going to become the world's most popular investment platforms very quickly.
I even believe that BTC can enter the top 5 in this cycle when BTC reaches 150K - 200K USD, meaning that BTC cap can compete with NVIDIA, Apple and Microsoft cap. However, I also see that the rate of BTC price increase is slowing down and it is very difficult for us to accurately predict the time when BTC cap can surpass Gold cap. When BTC reaches 500K USD, fiat has also lost a lot of value and the Gold price can completely increase and Gold cap can exceed 20T USD.
Anyway, Gold cap could be a worthy goal for BTC to aim for in its journey to develop and be widely accepted globally as a valuable reserve asset!
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I think if the price of bitcoin crosses $100k this year then bitcoin can move from ninth position to fifth position. Moreover, with the way Bitcoin is gaining popularity, in the distant future ten years from today, Bitcoin may occupy the third best position. Moreover, if the various countries of the world give Bitcoin acceptance and universality, I don't think it will take 20 years for Bitcoin to overtake gold. But in my opinion, both gold and bitcoin are going to become the world's most popular investment platforms very quickly.
I even believe that BTC can enter the top 5 in this cycle when BTC reaches 150K - 200K USD, meaning that BTC cap can compete with NVIDIA, Apple and Microsoft cap. However, I also see that the rate of BTC price increase is slowing down and it is very difficult for us to accurately predict the time when BTC cap can surpass Gold cap. When BTC reaches 500K USD, fiat has also lost a lot of value and the Gold price can completely increase and Gold cap can exceed 20T USD.
Anyway, Gold cap could be a worthy goal for BTC to aim for in its journey to develop and be widely accepted globally as a valuable reserve asset!
Well that could be our aim to surpassed Gold, but this market is decentralized, so I guess we all wanted it to happen but there will be no consensus and only time will tell.
And as far as my memory serves me right, this is always going to be the case for Bitcoin every bull run, we will jump up in rankings as far as market valuation and then we go back down when the market crashes or goes on a bearish cycle.
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Well that could be our aim to surpassed Gold, but this market is decentralized, so I guess we all wanted it to happen but there will be no consensus and only time will tell.
And as far as my memory serves me right, this is always going to be the case for Bitcoin every bull run, we will jump up in rankings as far as market valuation and then we go back down when the market crashes or goes on a bearish cycle.
Similar to the traditional market, BTC also has its own cycle and it has both uptrend and downtrend. The good thing is that the price of BTC is constantly increasing after each cycle and BTC cap is catching up with other large assets. Currently, BTC is in the top 10 market cap, I consider it a success for BTC.
Approaching Gold cap is a long-term goal of BTC, and I also don't think BTC can achieve it in next 10 years because Gold is still the world's leading reserve asset. BTC has only just started to be widely accepted, it needs more time to be able to reach cap of 10T USD.
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Well that could be our aim to surpassed Gold, but this market is decentralized, so I guess we all wanted it to happen but there will be no consensus and only time will tell.
And as far as my memory serves me right, this is always going to be the case for Bitcoin every bull run, we will jump up in rankings as far as market valuation and then we go back down when the market crashes or goes on a bearish cycle.
I myself am still not sure that Bitcoin will surpass gold in the near future, but maybe it will happen in the future. Bitcoin will experience an increase and people think bitcoin has the potential to surpass gold, but the price of bitcoin will fall again because of the volatile nature of bitcoin.
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Bitcoin has the potential to be second behind gold, because we see the development and movement of bitcoin so far. but we know everything takes time. I don't think bitcoin will overtake gold yet, Gold is an investment legend. it is too difficult to replace gold in physical form, while bitcoin is a digital currency.
It's not going to be an easy journey my friend. For Bitcoin to cross reach that market cap, if all Bitcoin are already mine I.e the 21 million maximum supply of Bitcoin, If we are to divide $15T by that number, we should be having Bitcoin price at an average of $710k which you and I know that it's not going to be an easy journey and that's like 100 plus year we are talking about.
We don't know what Gold price will be by then, if Gold double it's price by then, we should expect Bitcoin should an additional 2x which is going to bring Bitcoin to another $1.4M before we can achieve such price. I just think there are some things that is not possible and this is one of it, maybe things might change tomorrow.
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While Bitcoin can not catch up and overtake gold, but soon it will catch up, it all depends on the price, and the price of Bitcoin does not grow like gold, gold can not grow 3-4 times in three years, but Bitcoin can and constantly does it.
I don't think that's going to happen anytime soon. At the earliest, in an optimistic scenario I think it could happen in about ten years, if not quite a bit longer. Realistically, bitcoin's market cap will reach 3 or 3.5T at the most in this cycle, while gold's market cap is at 15T. If we are optimistic for the 2028-32 cycle, the market cap could reach 10T, and perhaps in the 32-36 cycle it could surpass gold.
Well yeah the fact that gold is a centralized commodity and used as a currency by most if not all countries around the world, it will really give Bitcoin a hard time taking over on it's spot but I am sure it will be on the second slot on that list of top market capitalization. Bitcoin needs more adoption though big time investors are up into it right now but I cannot see and hear Bitcoin holders here in my remote place and on the otherhand gold holders are everywhere.
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It's not going to be an easy journey my friend. For Bitcoin to cross reach that market cap, if all Bitcoin are already mine I.e the 21 million maximum supply of Bitcoin, If we are to divide $15T by that number, we should be having Bitcoin price at an average of $710k which you and I know that it's not going to be an easy journey and that's like 100 plus year we are talking about.
We don't know what Gold price will be by then, if Gold double it's price by then, we should expect Bitcoin should an additional 2x which is going to bring Bitcoin to another $1.4M before we can achieve such price. I just think there are some things that is not possible and this is one of it, maybe things might change tomorrow.
The top 2 market cap could be a more achievable target for BTC in the short term, although I don't think it will be easy either. Currently, the top 2 is Microsoft ~ 3.1T USD. For BTC to surpass Microsoft, 1 BTC = 160K USD, on condition that MSFT stock does not increase. I believe that BTC can completely reach 160K USD this season, but MSFT will also increase when the financial market enters an uptrend.
I hope that in 2025 BTC can surpass 200K USD as predicted by many analysts, when we will see BTC become the second most valuable asset in the world, that would be extremely shocking news!
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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.
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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.
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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.
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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.
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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!
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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?
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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
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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).
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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.
It's true that every country also has a platform for cryptocurrencies, in fact the government doesn't want to be left behind in technological developments, it's just that they don't want their country's currency to become less valuable.
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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.
With the success of the BTC Spot ETF and the strong price increase of BTC, we will continue to see the popularity of BTC on the media and attract the participation of many traditional investors. This will continue to drive up BTC price over each cycle and bring BTC closer to Gold.
I also hope that we will not have to witness any black swan events in the crypto market. I am afraid that such an event could collapse investor confidence and send the market back to where it was 10 years ago.
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Bitcoin's wealth growth depends on several factors, including investor sentiment. The current gold market cap is significantly higher. Bitcoin may catch up with gold at some point in market cap, but it's almost impossible to predict. But we've seen gold so far with a market cap of around $12 trillion, while bitcoin's is significantly lower. Some analysts suggest it could take years or even decades, while others believe so.
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Bitcoin's wealth growth depends on several factors, including investor sentiment. The current gold market cap is significantly higher. Bitcoin may catch up with gold at some point in market cap, but it's almost impossible to predict. But we've seen gold so far with a market cap of around $12 trillion, while bitcoin's is significantly lower. Some analysts suggest it could take years or even decades, while others believe so.
Now, if you check the companiesmarketcap website again, you will see that Bitcoin's total market cap is currently $1.271 trillion, while Gold's market cap is currently $16.526 trillion. Then it appears that the market cap of gold is 12.99 times bigger than the market cap of Bitcoin.
And its progress rate is 7.7% so it would be fair to say that even though Bitcoin is one of the best digital assets, it still has a long way to go to cross the market cap of gold.
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Now, if you check the companiesmarketcap website again, you will see that Bitcoin's total market cap is currently $1.271 trillion, while Gold's market cap is currently $16.526 trillion. Then it appears that the market cap of gold is 12.99 times bigger than the market cap of Bitcoin.
And its progress rate is 7.7% so it would be fair to say that even though Bitcoin is one of the best digital assets, it still has a long way to go to cross the market cap of gold.
Gold has a history of thousands of years, while BTC has only been around for about 15 years, so we have a lot of time to wait and watch the development of BTC in the future, over many more cycles.
I also don't believe that the BTC market cap can catch up with the Gold market cap anytime soon, I just hope that investors will continue to aim for this goal so that BTC is still seen as Gold 2.0 rather than a pure financial tool in the hands of Wall Street or the world's top asset managers.
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Now, if you check the companiesmarketcap website again, you will see that Bitcoin's total market cap is currently $1.271 trillion, while Gold's market cap is currently $16.526 trillion. Then it appears that the market cap of gold is 12.99 times bigger than the market cap of Bitcoin. And its progress rate is 7.7% so it would be fair to say that even though Bitcoin is one of the best digital assets, it still has a long way to go to cross the market cap of gold.
While Bitcoin is often called as the digital gold and I even used this comparison myself many times, I am not obsessed on the possibility of BTC taking the lead over physical gold in terms of marketcap. There is no point for such a thing as these two are actually different asset types...for sure Bitcoin will not be able to replace gold and neither gold to Bitcoin. Now, for people who might feel good if Bitcoin will overtake gold...it is estimated that the price of BTC must be around $720,000 or something like that. The question is: will that be possible? Of course it is but it can be taking some time to make it there. So let's all buy more Bitcoin to help it get there as soon as possible.
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Now, if you check the companiesmarketcap website again, you will see that Bitcoin's total market cap is currently $1.271 trillion, while Gold's market cap is currently $16.526 trillion. Then it appears that the market cap of gold is 12.99 times bigger than the market cap of Bitcoin. And its progress rate is 7.7% so it would be fair to say that even though Bitcoin is one of the best digital assets, it still has a long way to go to cross the market cap of gold.
While Bitcoin is often called as the digital gold and I even used this comparison myself many times, I am not obsessed on the possibility of BTC taking the lead over physical gold in terms of marketcap. There is no point for such a thing as these two are actually different asset types...for sure Bitcoin will not be able to replace gold and neither gold to Bitcoin. Now, for people who might feel good if Bitcoin will overtake gold...it is estimated that the price of BTC must be around $720,000 or something like that. The question is: will that be possible? Of course it is but it can be taking some time to make it there. So let's all buy more Bitcoin to help it get there as soon as possible.
I can't imagine if the price of Bitcoin reaches $ 720k it takes a long time to achieve it. And we should focus on investing in Bitcoin without comparing with gold, as you said both are different and have each lovers. Maybe in the future Bitcoin and other Crypto Currency will replace gold but not in the near future. Because there are still many people who do not understand Bitcoin technology.
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Well gold market cap is assumed to be a little over 16, lets say 17 to be sure. I am sure that there are golds in the world that's not in this calculation, you can't know ALL the golds, but this is the assumption at least. Bitcoin on the other hand is not %10 of that, meaning its 1.3 trillion yet. So if bitcoin goes x10 higher, to 650k per bitcoin, that still wouldn't beat gold market cap. For bitcoin to pass gold, we would need a bit over 800k per bitcoin. Which, we can easily say, won't happen anytime soon. Obviously I am not saying that it will never happen, we "may" see that happen one day, just not right now.
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Gold will hang on for quite a while.
Bitcoin can be attacked in many ways makes it not quite ideal. Gold is a bit more stable harder to attack.
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Gold will hang on for quite a while.
Bitcoin can be attacked in many ways makes it not quite ideal. Gold is a bit more stable harder to attack.
It seems very easy to attack like that but we have to see the technology and support that Bitcoin has will not let the price of Bitcoin fall easily. As we see now the price of Bitcoin is unlikely to return to $ 20k again because of the influence of Bitcoin's very strong support. Unlike Gold support which tends to have a stable price.
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I can't imagine if the price of Bitcoin reaches $ 720k it takes a long time to achieve it. And we should focus on investing in Bitcoin without comparing with gold, as you said both are different and have each lovers. Maybe in the future Bitcoin and other Crypto Currency will replace gold but not in the near future. Because there are still many people who do not understand Bitcoin technology.
We should not waste our time in comparing these two investment sources because in this time we can get knowledge about any one of these and can continue our investment. I think it is useless to say bad about any of these because every individual has his own choice and we should invest about our own choices instead of making a comparison between them.
Both are important and both are beneficial but if we talk about the replacement that I don't think that Bitcoin will ever replace gold as many individuals are still interested in it and the demand for gold is higher as compared to Bitcoin and the reason is that gold is known by everyone while Bitcoin is an unknown currency for most individuals especially old generations who do not believe easily in Bitcoin investment.
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We should not waste our time in comparing these two investment sources because in this time we can get knowledge about any one of these and can continue our investment. I think it is useless to say bad about any of these because every individual has his own choice and we should invest about our own choices instead of making a comparison between them.
Both are important and both are beneficial but if we talk about the replacement that I don't think that Bitcoin will ever replace gold as many individuals are still interested in it and the demand for gold is higher as compared to Bitcoin and the reason is that gold is known by everyone while Bitcoin is an unknown currency for most individuals especially old generations who do not believe easily in Bitcoin investment.
Gold has always been a valuable asset on a global scale, but BTC has been growing impressively for over a decade and is considered Gold 2.0 or Digital Gold. I believe that with increasing adoption and changes in the age demographic, the older generation who favors Gold will soon transfer their assets to their children and grandchildren, who love and believe in BTC futute. This influx of capital could flow into the BTC market, pushing BTC prices to new heights.
Of course, I don't dare say that BTC marketcap will soon catch up with Gold marketcap, but I believe BTC will achieve that within a few more seasons, until everyone knows about and trusts the value of BTC.
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We should not waste our time in comparing these two investment sources because in this time we can get knowledge about any one of these and can continue our investment. I think it is useless to say bad about any of these because every individual has his own choice and we should invest about our own choices instead of making a comparison between them.
Both are important and both are beneficial but if we talk about the replacement that I don't think that Bitcoin will ever replace gold as many individuals are still interested in it and the demand for gold is higher as compared to Bitcoin and the reason is that gold is known by everyone while Bitcoin is an unknown currency for most individuals especially old generations who do not believe easily in Bitcoin investment.
Gold has always been a valuable asset on a global scale, but BTC has been growing impressively for over a decade and is considered Gold 2.0 or Digital Gold. I believe that with increasing adoption and changes in the age demographic, the older generation who favors Gold will soon transfer their assets to their children and grandchildren, who love and believe in BTC futute. This influx of capital could flow into the BTC market, pushing BTC prices to new heights.
Of course, I don't dare say that BTC marketcap will soon catch up with Gold marketcap, but I believe BTC will achieve that within a few more seasons, until everyone knows about and trusts the value of BTC.
It is likely that this will happen, the younger generation will prefer bitcoin to gold, because bitcoin is more profitable and easier to transact. The convenience offered by bitcoin and altcoin will make people prefer to invest in crypto in the future, this will be a big change. maybe many people still like to invest in gold today, but everything can change in the future.
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It is likely that this will happen, the younger generation will prefer bitcoin to gold, because bitcoin is more profitable and easier to transact. The convenience offered by bitcoin and altcoin will make people prefer to invest in crypto in the future, this will be a big change. maybe many people still like to invest in gold today, but everything can change in the future.
My parents and grandparents have always trusted gold. In fact, they were able to use gold to buy houses or motorcycles a few decades ago. However, my friends and I don't choose gold as a way to accumulate wealth. We only buy gold for weddings, not for long-term holding and waiting for its price to increase.
Compared to gold, BTC has performed better in the past decade. Additionally, buying and holding BTC is much easier, without the need to register personal information or visit state banks. This is truly a revolution in investing, even though we all understand the high volatility of the crypto market. I think in about 20-30 years, when assets are transferred from the old to the young, we will see a huge influx of capital into BTC, bringing BTC closer to gold in terms of marketcap.
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It is likely that this will happen, the younger generation will prefer bitcoin to gold, because bitcoin is more profitable and easier to transact. The convenience offered by bitcoin and altcoin will make people prefer to invest in crypto in the future, this will be a big change. maybe many people still like to invest in gold today, but everything can change in the future.
My parents and grandparents have always trusted gold. In fact, they were able to use gold to buy houses or motorcycles a few decades ago. However, my friends and I don't choose gold as a way to accumulate wealth. We only buy gold for weddings, not for long-term holding and waiting for its price to increase.
Compared to gold, BTC has performed better in the past decade. Additionally, buying and holding BTC is much easier, without the need to register personal information or visit state banks. This is truly a revolution in investing, even though we all understand the high volatility of the crypto market. I think in about 20-30 years, when assets are transferred from the old to the young, we will see a huge influx of capital into BTC, bringing BTC closer to gold in terms of marketcap.
There will be a shift from gold lovers to bitcoin lovers in the future. because generations will change and we will see all that happen in the future. Currently, many gold lovers are starting to invest their funds in crypto, especially Bitcoin. And possibly in another 20 years, we will see crypto lovers dominate.
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There will be a shift from gold lovers to bitcoin lovers in the future. because generations will change and we will see all that happen in the future. Currently, many gold lovers are starting to invest their funds in crypto, especially Bitcoin. And possibly in another 20 years, we will see crypto lovers dominate.
I've been really looking forward to this and the good news is we're seeing significant shifts: El Salvador is mining and holding BTC, the US could potentially hold 1M BTC in the future, many investment funds now have BTC & ETH spot ETFs... For the younger generation, BTC is becoming a more attractive investment asset than gold.
I hope that widespread adoption of BTC in the economy can help BTC price grow rapidly and reach gold marketcap in the next 10-20 years. I can't imagine the global economic and social landscape when this happens.
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Well I believe Bitcoin will even pass Gold it will only take time but it will happen, a lot of people are now going into Bitcoin investment and Bitcoin is really growing very well, Gold has been in existence for thousands of years and since gold is something wealth people use to let people know how rich they are.
If you check the history of Bitcoin you will know that truly Bitcoin is growing very fast and will lead very soon.
The old people have trust in gold some don't even know how Bitcoin works and they keep investing on Gold the only reason gold is doing well than Bitcoin now is because it has been in existence for thousands of years and everybody trust investing on it, they believe the value of Bitcoin will be Same unlike Bitcoin that goes up and down.
Another reason you see Bitcoin not catching up with gold is because some countries till date has made Bitcoin investment illegal and and if caught will be arrested and prosecuted,so this has made it hard for Bitcoin to grow but gold is something that every country accept and is even a source of income for some country they mine it and is with with high regard.
If only Bitcoin will be accepted and made legal in all countries of the world then it will pass.
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Well I believe Bitcoin will even pass Gold it will only take time but it will happen, a lot of people are now going into Bitcoin investment and Bitcoin is really growing very well, Gold has been in existence for thousands of years and since gold is something wealth people use to let people know how rich they are.
If you check the history of Bitcoin you will know that truly Bitcoin is growing very fast and will lead very soon.
The old people have trust in gold some don't even know how Bitcoin works and they keep investing on Gold the only reason gold is doing well than Bitcoin now is because it has been in existence for thousands of years and everybody trust investing on it, they believe the value of Bitcoin will be Same unlike Bitcoin that goes up and down.
Another reason you see Bitcoin not catching up with gold is because some countries till date has made Bitcoin investment illegal and and if caught will be arrested and prosecuted,so this has made it hard for Bitcoin to grow but gold is something that every country accept and is even a source of income for some country they mine it and is with with high regard.
If only Bitcoin will be accepted and made legal in all countries of the world then it will pass.
I share the same expectations: with its attractiveness, BTC has the full potential to surpass gold in market cap, the only question is when. My expectation for BTC is that it can be widely accepted like gold on a global scale, while outperforming gold thanks to its high liquidity and convenience in trading.
Currently, BTC is still very small compared to gold, but it's growing rapidly. I think BTC still has plenty of time, perhaps a few cycles, to achieve its goal of reaching the gold market cap.
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I share the same expectations: with its attractiveness, BTC has the full potential to surpass gold in market cap, the only question is when. My expectation for BTC is that it can be widely accepted like gold on a global scale, while outperforming gold thanks to its high liquidity and convenience in trading.
i think it would still be a far away but not entirely impossible it might just take a longer time for it to actually happen but considering how much bitcoin has reached thus far it is enough to be amazed and be expectant of what could happen in the future
we would probably be all senior citizens or some maybe not here in the world anymore when it happens and it would be our children as well as our grandchildren that will be using bitcoin and see it reach greater heights.
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i think it would still be a far away but not entirely impossible it might just take a longer time for it to actually happen but considering how much bitcoin has reached thus far it is enough to be amazed and be expectant of what could happen in the future
we would probably be all senior citizens or some maybe not here in the world anymore when it happens and it would be our children as well as our grandchildren that will be using bitcoin and see it reach greater heights.
I think we'll have enough time to wait and verify this in the future, in 10 or 20 years. I don't have enough BTC in my account to become rich when BTC cap = Gold cap, but at least I can tell my children that I was involved in the crypto market from the very beginning.
With the development of BTC and the possibility of BTC becoming the US's reserve asset, I think I no longer doubt the possibility of BTC reaching 1M USD and BTC cap surpassing Gold cap in the future. The only question is to what extent the global economy has changed by then!
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i think it would still be a far away but not entirely impossible it might just take a longer time for it to actually happen but considering how much bitcoin has reached thus far it is enough to be amazed and be expectant of what could happen in the future
we would probably be all senior citizens or some maybe not here in the world anymore when it happens and it would be our children as well as our grandchildren that will be using bitcoin and see it reach greater heights.
I think we'll have enough time to wait and verify this in the future, in 10 or 20 years. I don't have enough BTC in my account to become rich when BTC cap = Gold cap, but at least I can tell my children that I was involved in the crypto market from the very beginning.
With the development of BTC and the possibility of BTC becoming the US's reserve asset, I think I no longer doubt the possibility of BTC reaching 1M USD and BTC cap surpassing Gold cap in the future. The only question is to what extent the global economy has changed by then!
it takes a long time my friend, bitcoin can compete with gold maybe after 20 years. because gold is more popular and almost everyone in the world knows what gold is? while bitcoin is only known to a few people in the world, they only know but are afraid to invest in bitcoin.
Gold remains a priority for investment for the older generation, this is difficult to change their paradigm.
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it takes a long time my friend, bitcoin can compete with gold maybe after 20 years. because gold is more popular and almost everyone in the world knows what gold is? while bitcoin is only known to a few people in the world, they only know but are afraid to invest in bitcoin.
Gold remains a priority for investment for the older generation, this is difficult to change their paradigm.
The older generations will leave this world, and their assets will be inherited by younger people, such as Gen Z, who are fans of crypto. I hope Gen Z will have enough time to learn about BTC and turn BTC into a globally mainstream asset in the next 10-20 years.
Gold has had a history of thousands of years and could continue to exist for thousands more as a store of value. BTC has its own path: it could be used as a substitute for fiat or become a financial tool for investment purposes due to its many advantages related to transaction fees, speed, and security. BTC still has a chance to catch up with gold and compete for the top 1 marketcap.
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it takes a long time my friend, bitcoin can compete with gold maybe after 20 years. because gold is more popular and almost everyone in the world knows what gold is? while bitcoin is only known to a few people in the world, they only know but are afraid to invest in bitcoin.
Gold remains a priority for investment for the older generation, this is difficult to change their paradigm.
The older generations will leave this world, and their assets will be inherited by younger people, such as Gen Z, who are fans of crypto. I hope Gen Z will have enough time to learn about BTC and turn BTC into a globally mainstream asset in the next 10-20 years.
Gold has had a history of thousands of years and could continue to exist for thousands more as a store of value. BTC has its own path: it could be used as a substitute for fiat or become a financial tool for investment purposes due to its many advantages related to transaction fees, speed, and security. BTC still has a chance to catch up with gold and compete for the top 1 marketcap.
Gen Z will be the heirs of the older generation, and Gen Z will be more interested in crypto. The older generation still has doubts about crypto so they prefer gold, but there is a time for everything. Generations will replace the older generation, the minds of the younger generation will be more receptive to progress.
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Gen Z will be the heirs of the older generation, and Gen Z will be more interested in crypto. The older generation still has doubts about crypto so they prefer gold, but there is a time for everything. Generations will replace the older generation, the minds of the younger generation will be more receptive to progress.
This is exactly what I've always mentioned and anticipated. The shift in asset ownership and management will be a great opportunity for BTC to grow stronger and have a chance to catch up with Gold cap in the future. This has also happened when older generations who preferred real estate and gold transferred their assets to those who prefer investing in stocks.
However, everything is still just a future plan, we need to ensure the existence and acceptance of BTC in the economy, creating conditions for cash flow into BTC when there is an opportunity. I think when 1 BTC = 1M USD, BTC cap will be equal to Gold cap, but I only dare to hope that BTC will reach 200K USD in 2025.
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This is exactly what I've always mentioned and anticipated. The shift in asset ownership and management will be a great opportunity for BTC to grow stronger and have a chance to catch up with Gold cap in the future. This has also happened when older generations who preferred real estate and gold transferred their assets to those who prefer investing in stocks.
However, everything is still just a future plan, we need to ensure the existence and acceptance of BTC in the economy, creating conditions for cash flow into BTC when there is an opportunity. I think when 1 BTC = 1M USD, BTC cap will be equal to Gold cap, but I only dare to hope that BTC will reach 200K USD in 2025.
Yes, maybe when the price of bitcoin reaches one million dollars, it could be said that bitcoin reaches the same as the gold cap, that will take a long time. I also never expected the price of bitcoin to reach that number, because it still takes a long process. Agreeing with your hopes, I also hope bitcoin can touch $200K next year.
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Yes, maybe when the price of bitcoin reaches one million dollars, it could be said that bitcoin reaches the same as the gold cap, that will take a long time. I also never expected the price of bitcoin to reach that number, because it still takes a long process. Agreeing with your hopes, I also hope bitcoin can touch $200K next year.
The marketcap race between BTC and Gold will continue to be a topic of discussion for many more seasons, as I believe it will take more time to collectively bring the BTC price to the $1M USD range. We've had a lot of positive news from Trump's plans as well as the success of spot BTC ETFs, but that's not enough to make the BTC price rise rapidly right now.
Anyway, I'm not in a hurry. I think we should just focus on BTC's success this season. I'm ready for 1 BTC = 200K USD, but I'm also ready to liquidate all the BTC in my account by the end of 2025 even if BTC won't reach 200K. I believe in the cyclical nature that BTC has maintained over the past decade.
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Yes, maybe when the price of bitcoin reaches one million dollars, it could be said that bitcoin reaches the same as the gold cap, that will take a long time. I also never expected the price of bitcoin to reach that number, because it still takes a long process. Agreeing with your hopes, I also hope bitcoin can touch $200K next year.
The marketcap race between BTC and Gold will continue to be a topic of discussion for many more seasons, as I believe it will take more time to collectively bring the BTC price to the $1M USD range. We've had a lot of positive news from Trump's plans as well as the success of spot BTC ETFs, but that's not enough to make the BTC price rise rapidly right now.
Anyway, I'm not in a hurry. I think we should just focus on BTC's success this season. I'm ready for 1 BTC = 200K USD, but I'm also ready to liquidate all the BTC in my account by the end of 2025 even if BTC won't reach 200K. I believe in the cyclical nature that BTC has maintained over the past decade.
I agree with you, we don't need to compare and always discuss the achievement of bitcoin price of a million dollars to compete with gold capitalization. We should focus on bitcoin for this season to meet our target. My target is bitcoin will reach $125K, I don't expect bitcoin price to reach $200K, because it seems difficult to happen next year.
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I agree with you, we don't need to compare and always discuss the achievement of bitcoin price of a million dollars to compete with gold capitalization. We should focus on bitcoin for this season to meet our target. My target is bitcoin will reach $125K, I don't expect bitcoin price to reach $200K, because it seems difficult to happen next year.
It is still far if we expect bitcoin to compete with gold capitalization, because the current price of bitcoin is still $ 64K and it takes 3 times a 4-year cycle for the price of bitcoin to approach a million dollars as you said. That possibility is 10 years from now, if bitcoin becomes more popular.
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It is still far if we expect bitcoin to compete with gold capitalization, because the current price of bitcoin is still $ 64K and it takes 3 times a 4-year cycle for the price of bitcoin to approach a million dollars as you said.
Imho, even that is very optimistic as each cycle bitcoin price increases less than in the previous one (speaking of course about percentage).
Bigger problem is that by the time we see 1 BTC=1 million USD, that amount of money probably won't be not even close to the current value, but it still makes bitcoin a great tool to fight the inflation.
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It is still far if we expect bitcoin to compete with gold capitalization, because the current price of bitcoin is still $ 64K and it takes 3 times a 4-year cycle for the price of bitcoin to approach a million dollars as you said.
Imho, even that is very optimistic as each cycle bitcoin price increases less than in the previous one (speaking of course about percentage).
Bigger problem is that by the time we see 1 BTC=1 million USD, that amount of money probably won't be not even close to the current value, but it still makes bitcoin a great tool to fight the inflation.
I agree bitcoin is a great tool to fight inflation, I think bitcoin's function as a hedge is very good and useful than we always think bitcoin will compete with gold in the future. Although the possibility of bitcoin replacing gold in the future can happen.
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I agree bitcoin is a great tool to fight inflation, I think bitcoin's function as a hedge is very good and useful than we always think bitcoin will compete with gold in the future. Although the possibility of bitcoin replacing gold in the future can happen.
We share the most optimistic outlook for the next 10-20 years, expecting BTC cap to surpass Gold cap due to widespread adoption by governments, institutional investors, and individual investors on a global scale. I find it difficult to imagine the global economic landscape at that time; perhaps people won't talk about gold as much as they do now, and attention will shift to BTC and crypto.
From now until then, I believe we will witness many ups and downs on the BTC price chart. Hope that investors will continue to hold instead of worrying and abandoning the goal of surpassing Gold cap!
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I agree bitcoin is a great tool to fight inflation, I think bitcoin's function as a hedge is very good and useful than we always think bitcoin will compete with gold in the future. Although the possibility of bitcoin replacing gold in the future can happen.
We share the most optimistic outlook for the next 10-20 years, expecting BTC cap to surpass Gold cap due to widespread adoption by governments, institutional investors, and individual investors on a global scale. I find it difficult to imagine the global economic landscape at that time; perhaps people won't talk about gold as much as they do now, and attention will shift to BTC and crypto.
From now until then, I believe we will witness many ups and downs on the BTC price chart. Hope that investors will continue to hold instead of worrying and abandoning the goal of surpassing Gold cap!
Acceptance of real assets should be your first priority and its market cap is relatively stable. Gold is one of the most valuable real assets whose value continues to rise steadily. I'm a bit hesitant to compare gold to bitcoin because I prefer physical assets more. Bitcoin is another valuable asset whose value is likely to increase in the future due to its scarce supply and increasing institutional and individual holdings. But Bitcoin's price volatility is attracting more investment and the potential for skyrocketing prices. As a digital asset you should take into account the level of risk, but it is possible to reduce the risk with long-term investments.
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In my opinion, there may be an opportunity for Bitcoin to catch up with gold in terms of capitalization, but the chance is small. This is because considering that in the last few months Bitcoin has experienced a decline and now the price is unstable. Meanwhile, the price of gold is stable and continues to increase in price. But nothing is impossible. maybe in the future it won't just be government people who invest in bitcoin but also companies. So it's possible that bitcoin in the future could be someone's option to invest. considering that the current era continues to develop and people prefer to invest in the digital world
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Yes, maybe when the price of bitcoin reaches one million dollars, it could be said that bitcoin reaches the same as the gold cap, that will take a long time. I also never expected the price of bitcoin to reach that number, because it still takes a long process. Agreeing with your hopes, I also hope bitcoin can touch $200K next year.
There is what we called stability in price and there is touching in price, if Bitcoin price ever get to $1M and stay there for a while, then I will believe that it will first touch $1.5m before a massive sell to happen and will form support around $1M, even the $100k alot of diamond hands are anticipating will take much time than they are expecting because the price will not stay their but subsequently, we will surely get there. I'm more realistic about $100k in few years than $1M.
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Acceptance of real assets should be your first priority and its market cap is relatively stable. Gold is one of the most valuable real assets whose value continues to rise steadily. I'm a bit hesitant to compare gold to bitcoin because I prefer physical assets more. Bitcoin is another valuable asset whose value is likely to increase in the future due to its scarce supply and increasing institutional and individual holdings. But Bitcoin's price volatility is attracting more investment and the potential for skyrocketing prices. As a digital asset you should take into account the level of risk, but it is possible to reduce the risk with long-term investments.
I also think it is important to focus on assets that have stable value like gold. Gold is valuable asset that keeps increasing in worth. I prefer assets I can hold like gold over digital ones like bitcoin. But I think bitcoin could grow in value because there is not much of it and more people are using it. However bitcoin price can change quickly making it riskier investment. To reduce this risk it is best to invest in bitcoin for long time. I think investors should be careful with bitcoin and consider potential risks and rewards. Good strategy is to have mix of stable assets like gold and digital assets like bitcoin that could grow in value.
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In my opinion, there may be an opportunity for Bitcoin to catch up with gold in terms of capitalization, but the chance is small. This is because considering that in the last few months Bitcoin has experienced a decline and now the price is unstable. Meanwhile, the price of gold is stable and continues to increase in price. But nothing is impossible. maybe in the future it won't just be government people who invest in bitcoin but also companies. So it's possible that bitcoin in the future could be someone's option to invest. considering that the current era continues to develop and people prefer to invest in the digital world
If we're talking about BTC's cap surpassing Gold's cap in the short term, around 5-10 years, I believe the possibility is very low. However, when considering the long term, around 10-20 years, this is a feasible goal because BTC's growth potential is enormous.
The amount of Gold in the economy increases every year due to mining, and the Gold price has been steadily increasing for many years. However, its growth rate is significantly lower compared to the BTC price. With the increasing adoption of BTC through spot ETFs and crypto-friendly policies, BTC could easily reach 1M USD and catch up with Gold's cap. Let's wait and see and be a part of this great journey!
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In my opinion, there may be an opportunity for Bitcoin to catch up with gold in terms of capitalization, but the chance is small. This is because considering that in the last few months Bitcoin has experienced a decline and now the price is unstable. Meanwhile, the price of gold is stable and continues to increase in price. But nothing is impossible. maybe in the future it won't just be government people who invest in bitcoin but also companies. So it's possible that bitcoin in the future could be someone's option to invest. considering that the current era continues to develop and people prefer to invest in the digital world
If we're talking about BTC's cap surpassing Gold's cap in the short term, around 5-10 years, I believe the possibility is very low. However, when considering the long term, around 10-20 years, this is a feasible goal because BTC's growth potential is enormous.
The amount of Gold in the economy increases every year due to mining, and the Gold price has been steadily increasing for many years. However, its growth rate is significantly lower compared to the BTC price. With the increasing adoption of BTC through spot ETFs and crypto-friendly policies, BTC could easily reach 1M USD and catch up with Gold's cap. Let's wait and see and be a part of this great journey!
Well I don't think is something to deliberate about because we know gold as solid asset not just that but is something that is there for beautification, and it has all possible quality to have a higher marketcap than bitcoin. Now these are are things to consider, gold is also being traded on stock market just as bitcoin, it can be mined just people mind bitcoin and also people used gold for beautification but this you can't used bitcoin for that instead it can only be traded and for payment purposes only. Well there is no doubts that bitcoin is bit mostly traded than gold but I must say that gold has been in existence for since the world creation.
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Well I don't think is something to deliberate about because we know gold as solid asset not just that but is something that is there for beautification, and it has all possible quality to have a higher marketcap than bitcoin. Now these are are things to consider, gold is also being traded on stock market just as bitcoin, it can be mined just people mind bitcoin and also people used gold for beautification but this you can't used bitcoin for that instead it can only be traded and for payment purposes only. Well there is no doubts that bitcoin is bit mostly traded than gold but I must say that gold has been in existence for since the world creation.
Gold still shows its class as the most popular asset and is in demand by many people, so we don't need to compare it with bitcoin. I just heard that gold can be mined in the stock market, because I am not a stock player. But we as crypto enthusiasts and of course understand the benefits of investing in bitcoin, we still believe that bitcoin is more profitable.
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If we're talking about BTC's cap surpassing Gold's cap in the short term, around 5-10 years, I believe the possibility is very low. (...)
Is it though?
Quick search tells me that low-ball estimate for the gold marketcap is $13.7 trillion, which is around x12 higher than the market cap of Bitcoin.
Now, if we consider that gold is currently at its all-time high, and Bitcoin (hopefully) is in the pre-bull run stage, then - if the gold was to drop a bit and BTC was to pump to $100k level, then the advantage of gold could drop to x5 or x6, and 5-10 years is a long time for Bitcoin to catch up.
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Well I don't think is something to deliberate about because we know gold as solid asset not just that but is something that is there for beautification, and it has all possible quality to have a higher marketcap than bitcoin. Now these are are things to consider, gold is also being traded on stock market just as bitcoin, it can be mined just people mind bitcoin and also people used gold for beautification but this you can't used bitcoin for that instead it can only be traded and for payment purposes only. Well there is no doubts that bitcoin is bit mostly traded than gold but I must say that gold has been in existence for since the world creation.
Gold still shows its class as the most popular asset and is in demand by many people, so we don't need to compare it with bitcoin. I just heard that gold can be mined in the stock market, because I am not a stock player. But we as crypto enthusiasts and of course understand the benefits of investing in bitcoin, we still believe that bitcoin is more profitable.
Yes you are right there are some countries that doesn't know about bitcoin but yet they knows about gold and they are also mining Gold over there, while there are people whose there mineral resources is only about gold and they have been producing gold for years now. Let me say for example as Nigeria is known to be the oil and Gas nation they are known for that and have been producing them for over 50-60 years now yet they are still known for that. I believe the future of bitcoin is still young and there are more opportunities coming and could boost bitcoin higher above expected.
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Is it though?
Quick search tells me that low-ball estimate for the gold marketcap is $13.7 trillion, which is around x12 higher than the market cap of Bitcoin.
Now, if we consider that gold is currently at its all-time high, and Bitcoin (hopefully) is in the pre-bull run stage, then - if the gold was to drop a bit and BTC was to pump to $100k level, then the advantage of gold could drop to x5 or x6, and 5-10 years is a long time for Bitcoin to catch up.
All our speculations can be reasonable. I agree that BTC price is increasing faster than Gold but when BTC goes up, Gold also does, and at the same time, it's not easy for us to see BTC reach 1M USD in the next 5-10 years. Additionally, the rate of BTC price increase is slowing down after each season, meaning it's difficult for us to see BTC x20 from the bottom and reach 300K in this season.
Personally, I don't want to see BTC price increase too quickly, it could come with maturity and then it would be very difficult to make big profits from the crypto market. Anyway, if BTC can catch up with Gold in the next 5-10 years, that would be great. That will be the time for us to celebrate and talk about bigger plans in the future.
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All our speculations can be reasonable. I agree that BTC price is increasing faster than Gold but when BTC goes up, Gold also does, and at the same time, it's not easy for us to see BTC reach 1M USD in the next 5-10 years. Additionally, the rate of BTC price increase is slowing down after each season, meaning it's difficult for us to see BTC x20 from the bottom and reach 300K in this season.
It is possible that it could happen, but I think 5-10 years is still too soon for Bitcoin to be able to surpass Gold in terms of capitalization... we know that Bitcoin is not as cheap as a few years ago, and currently when the BTC price is $ 57k, the Gold marketcap reaches $ 17T, while the bitcoin marketcap is $ 1.1T, meaning it takes x15.5 for Bitcoin to be able to match Gold today... and it is really difficult to reach $ 880k / BTC .... 5-10 years from now the gold marketcap will also definitely increase and it will take at least $ 1 million / BTC for Bitcoin to be able to match the gold marketcap .... it looks very unreasonable, but we will not know what the Bitcoin market conditions will be like in the future. Hope is certainly there, but doubts are also certain.
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While it's challenging to predict an exact timeline, Bitcoin has shown remarkable growth and resilience, steadily closing the gap with gold in terms of market capitalization. I think as institutional adoption increases, and as Bitcoin continues to be recognized as a digital store of value, the possibility of it catching up with gold becomes more realistic. Technological advancements, increasing investor interest, and the ongoing development of the broader cryptocurrency ecosystem all contribute to the potential for Bitcoin to eventually reach or even surpass gold's market capitalization in the future. While this may take time, the trajectory is promising, especially as the world continues to shift towards digital assets. Another indicator that Bitcoin is steadily progressing towards becoming "electronic gold" is the emergence and success of Bitcoin ETFs. These funds have reached a stage where they are being recommended by large institutions to major investment organizations. Despite market fluctuations, institutional investors remain committed, consistently accumulating Bitcoin, which underscores the growing recognition of its value as a long-term asset.
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It is possible that it could happen, but I think 5-10 years is still too soon for Bitcoin to be able to surpass Gold in terms of capitalization... we know that Bitcoin is not as cheap as a few years ago, and currently when the BTC price is $ 57k, the Gold marketcap reaches $ 17T, while the bitcoin marketcap is $ 1.1T, meaning it takes x15.5 for Bitcoin to be able to match Gold today... and it is really difficult to reach $ 880k / BTC .... 5-10 years from now the gold marketcap will also definitely increase and it will take at least $ 1 million / BTC for Bitcoin to be able to match the gold marketcap .... it looks very unreasonable, but we will not know what the Bitcoin market conditions will be like in the future. Hope is certainly there, but doubts are also certain.
We can easily see many challenges ahead when thinking about the possibility of BTC cap surpassing Gold cap: the slowdown in BTC price growth and the immense size of Gold cap. However, anything is possible in the future, as long as we have enough time and BTC maintains widespread acceptance.
Currently, we're talking about 5-10 or 10-20 more years, but we can also look back 15 years ago when BTC was first introduced. I think at that time, no one could have imagined BTC's success today. I have enough time, 20 more years, to wait and confirm my hypothesis and celebrate when BTC cap > Gold cap. If it happens sooner, that's even better, but if it's slower, I can still wait with my faith in BTC.
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in my opinion, in the future bitcoin will continue to increase. considering that bitcoin is a digital currency whose price is fantastic. that's why both will continue to walk on their respective paths. bitcoin as digital gold and gold as the highest value in fiat.
according to my possibilities. Bitcoin will continue to soar, especially if Donald Trump succeeds in becoming president in the next election. returning bitcoin to the price of 100k
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in my opinion, in the future bitcoin will continue to increase. considering that bitcoin is a digital currency whose price is fantastic. that's why both will continue to walk on their respective paths. bitcoin as digital gold and gold as the highest value in fiat.
according to my possibilities. Bitcoin will continue to soar, especially if Donald Trump succeeds in becoming president in the next election. returning bitcoin to the price of 100k
I also agree with you. We know that bitcoin is one of the best profitable crypto in cryptocurrency world. I also think that bitcoin in future bitcoin price will be reach in highest place within a short time. But we know that bitcoin price is also a little down now. So that we should wait until for raises in bitcoin price, if we invest or hold in bitcoin. Because i believe that bitcoin price will increase and also catch up with gold in capitalization in few years later. So we should wait till for enjoying to increase bitcoin price.
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I also agree with you. We know that bitcoin is one of the best profitable crypto in cryptocurrency world. I also think that bitcoin in future bitcoin price will be reach in highest place within a short time. But we know that bitcoin price is also a little down now. So that we should wait until for raises in bitcoin price, if we invest or hold in bitcoin. Because i believe that bitcoin price will increase and also catch up with gold in capitalization in few years later. So we should wait till for enjoying to increase bitcoin price.
I also hope that we will have positive scenarios for BTC's price increase in this season and many seasons to come, helping BTC have the potential to catch up with Gold in market cap. History has shown that BTC's price will increase but at a slower pace, meaning we need to be prepared for the delay of predictions and expectations.
At the same time, a few market analysts using the Elliott wave method have presented some not-so-positive wave counts, meaning we are in a BTC correction wave rather than continuing in an impulse wave. I'm not entirely sure about this. I only believe that BTC is a truly valuable asset and BTC price will continue to increase over time and will definitely catch up with Gold in the distant future.
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I also agree with you. We know that bitcoin is one of the best profitable crypto in cryptocurrency world. I also think that bitcoin in future bitcoin price will be reach in highest place within a short time. But we know that bitcoin price is also a little down now. So that we should wait until for raises in bitcoin price, if we invest or hold in bitcoin. Because i believe that bitcoin price will increase and also catch up with gold in capitalization in few years later. So we should wait till for enjoying to increase bitcoin price.
I also hope that we will have positive scenarios for BTC's price increase in this season and many seasons to come, helping BTC have the potential to catch up with Gold in market cap. History has shown that BTC's price will increase but at a slower pace, meaning we need to be prepared for the delay of predictions and expectations.
At the same time, a few market analysts using the Elliott wave method have presented some not-so-positive wave counts, meaning we are in a BTC correction wave rather than continuing in an impulse wave. I'm not entirely sure about this. I only believe that BTC is a truly valuable asset and BTC price will continue to increase over time and will definitely catch up with Gold in the distant future.
I also read a lot of predictions about bitcoin but for me predictions are still predictions, I just believe that the price of bitcoin will be more expensive next year. Be patient and wait for the bullish season to come. There are many analyses circulating, but it is suitable for those who want to trade, while for those who want to hold for the long term they just hold and wait not really caring about the current crypto market.
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I also read a lot of predictions about bitcoin but for me predictions are still predictions, I just believe that the price of bitcoin will be more expensive next year. Be patient and wait for the bullish season to come. There are many analyses circulating, but it is suitable for those who want to trade, while for those who want to hold for the long term they just hold and wait not really caring about the current crypto market.
Perhaps only the big whales want to hold BTC from season to season, while most retail investors want to buy and sell BTC cyclically to optimize their profits. I belong to the second group and am temporarily focusing on this season with BTC's ATH possibly arriving in 2025, similar to 2013, 2017 & 2021.
As I have presented, the success of BTC in each season is a necessary condition for us to have a continuation of the sustainable upward trend in the coming years. Reaching the Gold cap is a long-term goal to maintain our positive outlook, but in the short term, we need a new ATH for BTC above 100K USD in this season.
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I also agree with you. We know that bitcoin is one of the best profitable crypto in cryptocurrency world. I also think that bitcoin in future bitcoin price will be reach in highest place within a short time. But we know that bitcoin price is also a little down now. So that we should wait until for raises in bitcoin price, if we invest or hold in bitcoin. Because i believe that bitcoin price will increase and also catch up with gold in capitalization in few years later. So we should wait till for enjoying to increase bitcoin price.
I also hope that we will have positive scenarios for BTC's price increase in this season and many seasons to come, helping BTC have the potential to catch up with Gold in market cap. History has shown that BTC's price will increase but at a slower pace, meaning we need to be prepared for the delay of predictions and expectations.
At the same time, a few market analysts using the Elliott wave method have presented some not-so-positive wave counts, meaning we are in a BTC correction wave rather than continuing in an impulse wave. I'm not entirely sure about this. I only believe that BTC is a truly valuable asset and BTC price will continue to increase over time and will definitely catch up with Gold in the distant future.
I also read a lot of predictions about bitcoin but for me predictions are still predictions, I just believe that the price of bitcoin will be more expensive next year. Be patient and wait for the bullish season to come. There are many analyses circulating, but it is suitable for those who want to trade, while for those who want to hold for the long term they just hold and wait not really caring about the current crypto market.
Indeed, predictions are nothing more than assumptions and they are prone to changing at any one time. What does matter is your opinion in Bitcoin for its price to increase next year, and that can be encouraging to be more patient. If one is an investor with the long-term view sometimes it is better not to be swayed by the market volatility and remain poised on the strategies and goals that were set out at the start of investment. But as for those of you who like analysis and trading, those who do not sell but only wait to be paid for it, patience is what shows future results.
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Indeed, predictions are nothing more than assumptions and they are prone to changing at any one time. What does matter is your opinion in Bitcoin for its price to increase next year, and that can be encouraging to be more patient. If one is an investor with the long-term view sometimes it is better not to be swayed by the market volatility and remain poised on the strategies and goals that were set out at the start of investment. But as for those of you who like analysis and trading, those who do not sell but only wait to be paid for it, patience is what shows future results.
Predicting is always an exciting part of the crypto market. I enjoy reading predictions on TradingView from professional traders and always find their perspectives interesting. Predicting when BTC cap will catch up to Gold cap is also quite intriguing, as this would be a significant event not only for crypto but for the entire global economy.
Currently, we'll continue to monitor BTC's success this season, and each of us will have our own targets: 100K, 150K, 250K, 500K or even 1M. I hope we'll see BTC price continue to rise and generate excitement for the entire financial market, especially crypto investors.
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Indeed, predictions are nothing more than assumptions and they are prone to changing at any one time. What does matter is your opinion in Bitcoin for its price to increase next year, and that can be encouraging to be more patient. If one is an investor with the long-term view sometimes it is better not to be swayed by the market volatility and remain poised on the strategies and goals that were set out at the start of investment. But as for those of you who like analysis and trading, those who do not sell but only wait to be paid for it, patience is what shows future results.
Predicting is always an exciting part of the crypto market. I enjoy reading predictions on TradingView from professional traders and always find their perspectives interesting. Predicting when BTC cap will catch up to Gold cap is also quite intriguing, as this would be a significant event not only for crypto but for the entire global economy.
Currently, we'll continue to monitor BTC's success this season, and each of us will have our own targets: 100K, 150K, 250K, 500K or even 1M. I hope we'll see BTC price continue to rise and generate excitement for the entire financial market, especially crypto investors.
BTC prices will continue to rise, Mate. And we have seen evidence that the price of Bitcoin is more expensive, I have never thought when Bitcoin will overtake gold by capitalization. Because the journey is still long, gold is more popular than Bitcoin and big investors still twisting gold DRPD Bitcoi especially Old Generation.
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BTC prices will continue to rise, Mate. And we have seen evidence that the price of Bitcoin is more expensive, I have never thought when Bitcoin will overtake gold by capitalization. Because the journey is still long, gold is more popular than Bitcoin and big investors still twisting gold DRPD Bitcoi especially Old Generation.
The marketcap race is a long-term event. We will continue to discuss this in each uptrend to see how close BTC can get to Gold. For now, investors continue to expect BTC's success and the price levels it can reach.
We see that Gold's market cap is actually larger than BTC's because a huge amount of capital is still in this asset with a long history. Older people still prefer Gold because Gold has been a famous asset throughout their lives. However, when their assets are transferred to younger generations, I believe that BTC will be an equally attractive option as Gold to diversify investment portfolios.
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Indeed, predictions are nothing more than assumptions and they are prone to changing at any one time. What does matter is your opinion in Bitcoin for its price to increase next year, and that can be encouraging to be more patient. If one is an investor with the long-term view sometimes it is better not to be swayed by the market volatility and remain poised on the strategies and goals that were set out at the start of investment. But as for those of you who like analysis and trading, those who do not sell but only wait to be paid for it, patience is what shows future results.
Predicting is always an exciting part of the crypto market. I enjoy reading predictions on TradingView from professional traders and always find their perspectives interesting. Predicting when BTC cap will catch up to Gold cap is also quite intriguing, as this would be a significant event not only for crypto but for the entire global economy.
Currently, we'll continue to monitor BTC's success this season, and each of us will have our own targets: 100K, 150K, 250K, 500K or even 1M. I hope we'll see BTC price continue to rise and generate excitement for the entire financial market, especially crypto investors.
BTC prices will continue to rise, Mate. And we have seen evidence that the price of Bitcoin is more expensive, I have never thought when Bitcoin will overtake gold by capitalization. Because the journey is still long, gold is more popular than Bitcoin and big investors still twisting gold DRPD Bitcoi especially Old Generation.
As you realize Bitcoin remain comparatively untamed, nothing like gold, which has been accepted as a store of the value for thousands of years. However, we also observe that young people, particularly those who are interested in information technologies, begin to look at Bitcoin not only as a type of currency but also as an object of investment. For now the capitalization is still beneath gold yet the moments will come when the adoption and trust will grow and push its value further. Larger investors in the older generation may still prefer gold more but it is only a matter of time as institutions begin to factor in on crypto that this may not always be the case. What is clear though, is that both gold and Bitcoin are valuable commodities in an investment portfolio based on the investor’s risk appetite and time horizon.
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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.
This post raises interesting points about Bitcoin's potential to rival gold as a store of value, particularly during inflationary periods. However, I believe the comparison oversimplifies the dynamics of both assets. While Bitcoin is often dubbed "digital gold," it operates under fundamentally different principles, such as its volatility, regulatory challenges, and unique adoption curve.
Bitcoin’s future isn’t solely about catching up with gold’s market cap; it's about redefining the financial landscape. Gold has centuries of stability and trust as a safe-haven asset, while Bitcoin is still carving out its identity in the investment world. Instead of focusing on a direct competition, we should consider Bitcoin as a complementary asset that offers different benefits, such as portability and programmability, which gold cannot provide.
In the long run, the true measure of Bitcoin's value may not be its price relative to gold, but rather its ability to reshape how we think about money and value in a digital age. Therefore, rather than fixating on the capitalization comparison, it's essential to focus on Bitcoin's unique attributes and the evolving role it could play in a diversified portfolio.
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This post raises interesting points about Bitcoin's potential to rival gold as a store of value, particularly during inflationary periods. However, I believe the comparison oversimplifies the dynamics of both assets. While Bitcoin is often dubbed "digital gold," it operates under fundamentally different principles, such as its volatility, regulatory challenges, and unique adoption curve.
Bitcoin’s future isn’t solely about catching up with gold’s market cap; it's about redefining the financial landscape. Gold has centuries of stability and trust as a safe-haven asset, while Bitcoin is still carving out its identity in the investment world. Instead of focusing on a direct competition, we should consider Bitcoin as a complementary asset that offers different benefits, such as portability and programmability, which gold cannot provide.
In the long run, the true measure of Bitcoin's value may not be its price relative to gold, but rather its ability to reshape how we think about money and value in a digital age. Therefore, rather than fixating on the capitalization comparison, it's essential to focus on Bitcoin's unique attributes and the evolving role it could play in a diversified portfolio.
I agree that we can use many other criteria to evaluate BTC instead of just focusing on market capitalization, but in reality, qualitative factors are often subjective. Market cap is a quantitative factor and can be used very effectively to compare different assets and in this case, we're talking about BTC and Gold.
BTC is still being compared to gold in terms of potential, market position, and returns for investors. Comparing their market cap can show us that although BTC cap is still smaller than Gold cap, BTC is approaching Gold at a very fast pace and it's entirely possible to catch up and surpass, confirming the success of BTC and crypto in the economy.
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This post raises interesting points about Bitcoin's potential to rival gold as a store of value, particularly during inflationary periods. However, I believe the comparison oversimplifies the dynamics of both assets. While Bitcoin is often dubbed "digital gold," it operates under fundamentally different principles, such as its volatility, regulatory challenges, and unique adoption curve.
Bitcoin’s future isn’t solely about catching up with gold’s market cap; it's about redefining the financial landscape. Gold has centuries of stability and trust as a safe-haven asset, while Bitcoin is still carving out its identity in the investment world. Instead of focusing on a direct competition, we should consider Bitcoin as a complementary asset that offers different benefits, such as portability and programmability, which gold cannot provide.
In the long run, the true measure of Bitcoin's value may not be its price relative to gold, but rather its ability to reshape how we think about money and value in a digital age. Therefore, rather than fixating on the capitalization comparison, it's essential to focus on Bitcoin's unique attributes and the evolving role it could play in a diversified portfolio.
I agree that we can use many other criteria to evaluate BTC instead of just focusing on market capitalization, but in reality, qualitative factors are often subjective. Market cap is a quantitative factor and can be used very effectively to compare different assets and in this case, we're talking about BTC and Gold.
BTC is still being compared to gold in terms of potential, market position, and returns for investors. Comparing their market cap can show us that although BTC cap is still smaller than Gold cap, BTC is approaching Gold at a very fast pace and it's entirely possible to catch up and surpass, confirming the success of BTC and crypto in the economy.
There are hundreds of other factors which can be used to gauge the performance of BTC instead of market cap, However, it must be understood that qualitative measures often are coloured by perceptions. Market cap is an arithmetic value and can be used very well to weigh different assets and in this point, we discuss BTC and Gold.
Even today, BTC is measured in terms of possibility, ranking, and potential of returns for investors and, of course, still, it is compared to gold. Here, their market caps could be compared to show that while BTC’s market cap may still be smaller than that of Gold, BTC is closes the gap with Gold at an extremely rapid pace, and it is almost certain that this pace will not only permit BTC to usurp Gold’s market cap in the neatest future, but will similarly ensure the triumph of BTC and other crypto in the economy.
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This post raises interesting points about Bitcoin's potential to rival gold as a store of value, particularly during inflationary periods. However, I believe the comparison oversimplifies the dynamics of both assets. While Bitcoin is often dubbed "digital gold," it operates under fundamentally different principles, such as its volatility, regulatory challenges, and unique adoption curve.
Bitcoin’s future isn’t solely about catching up with gold’s market cap; it's about redefining the financial landscape. Gold has centuries of stability and trust as a safe-haven asset, while Bitcoin is still carving out its identity in the investment world. Instead of focusing on a direct competition, we should consider Bitcoin as a complementary asset that offers different benefits, such as portability and programmability, which gold cannot provide.
In the long run, the true measure of Bitcoin's value may not be its price relative to gold, but rather its ability to reshape how we think about money and value in a digital age. Therefore, rather than fixating on the capitalization comparison, it's essential to focus on Bitcoin's unique attributes and the evolving role it could play in a diversified portfolio.
I agree that we can use many other criteria to evaluate BTC instead of just focusing on market capitalization, but in reality, qualitative factors are often subjective. Market cap is a quantitative factor and can be used very effectively to compare different assets and in this case, we're talking about BTC and Gold.
BTC is still being compared to gold in terms of potential, market position, and returns for investors. Comparing their market cap can show us that although BTC cap is still smaller than Gold cap, BTC is approaching Gold at a very fast pace and it's entirely possible to catch up and surpass, confirming the success of BTC and crypto in the economy.
Bitcoin capitalization is still far compared to gold, and seeing the current price of bitcoin is still far from being able to approach gold capitalization, it may take another 10 years.
Bitcoin is a digital asset that is more profitable than gold, and seeing the movement of bitcoin and the increasing number of bitcoin investors, it is possible that bitcoin could surpass gold in the future.
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This post raises interesting points about Bitcoin's potential to rival gold as a store of value, particularly during inflationary periods. However, I believe the comparison oversimplifies the dynamics of both assets. While Bitcoin is often dubbed "digital gold," it operates under fundamentally different principles, such as its volatility, regulatory challenges, and unique adoption curve.
Bitcoin’s future isn’t solely about catching up with gold’s market cap; it's about redefining the financial landscape. Gold has centuries of stability and trust as a safe-haven asset, while Bitcoin is still carving out its identity in the investment world. Instead of focusing on a direct competition, we should consider Bitcoin as a complementary asset that offers different benefits, such as portability and programmability, which gold cannot provide.
In the long run, the true measure of Bitcoin's value may not be its price relative to gold, but rather its ability to reshape how we think about money and value in a digital age. Therefore, rather than fixating on the capitalization comparison, it's essential to focus on Bitcoin's unique attributes and the evolving role it could play in a diversified portfolio.
I agree that we can use many other criteria to evaluate BTC instead of just focusing on market capitalization, but in reality, qualitative factors are often subjective. Market cap is a quantitative factor and can be used very effectively to compare different assets and in this case, we're talking about BTC and Gold.
BTC is still being compared to gold in terms of potential, market position, and returns for investors. Comparing their market cap can show us that although BTC cap is still smaller than Gold cap, BTC is approaching Gold at a very fast pace and it's entirely possible to catch up and surpass, confirming the success of BTC and crypto in the economy.
There are hundreds of other factors which can be used to gauge the performance of BTC instead of market cap, However, it must be understood that qualitative measures often are coloured by perceptions. Market cap is an arithmetic value and can be used very well to weigh different assets and in this point, we discuss BTC and Gold.
Even today, BTC is measured in terms of possibility, ranking, and potential of returns for investors and, of course, still, it is compared to gold. Here, their market caps could be compared to show that while BTC’s market cap may still be smaller than that of Gold, BTC is closes the gap with Gold at an extremely rapid pace, and it is almost certain that this pace will not only permit BTC to usurp Gold’s market cap in the neatest future, but will similarly ensure the triumph of BTC and other crypto in the economy.
The market capitalization of Bitcoin is significantly less than that of gold at the moment, however the rate of growth of Bitcoins sharply point to the fact that this currency can significantly affect the economy in the future. Today, it appears that Bitcoin investment is measured in terms of the profit chances and expectations; and more often the digital currency is equated to gold, an inflation hedge. Such trends may soon turn Bitcoin and all the crypto assets into a considerable participant of the global economy, leaving behind the traditional assets.
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Bitcoin capitalization is still far compared to gold, and seeing the current price of bitcoin is still far from being able to approach gold capitalization, it may take another 10 years.
Bitcoin is a digital asset that is more profitable than gold, and seeing the movement of bitcoin and the increasing number of bitcoin investors, it is possible that bitcoin could surpass gold in the future.
10 years is an optimistic outlook for BTC's potential if we don't see a massive surge in BTC's adoption and value within the economy. I'm not sure if BTC can truly mature to that level after just two more seasons, but I know I could experience that moment in my lifetime.
Everyone has their preferences; traditional investors love stocks and gold, but we're all about BTC and believe it's the key to securing our place in this economy. Now that companies and banks understand BTC, I'm confident there will come a time when many countries will understand and reserve BTC just as they do with USD and gold.