Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: pawel7777 on November 21, 2024, 12:37:56 AM
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(https://www.talkimg.com/images/2024/11/20/bLNWH.png)
https://companiesmarketcap.com/gbp/assets-by-market-cap/
So here we are. What sounded impossible only a few years ago became a reality. Bitcoins market cap has officially surpassed silver.
And only today BTC has also beaten Saudi Aramco, a national oil company of Saudi Arabia and is now in 7th place of the top assets by market cap.
Next target: Amazon - for that to happen (assuming Amazon won't go up) we need BTC at around $108k.
To beat gold and get to the No. 1 spot, we'd need to make x9.5. Do you think it's possible?
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Happy to see BTC finally overcoming the marketcap of silver...now the main goal is actually overtaking GOLD as Bitcoin is considered to be the new gold in the investing market. Of course, it can take some time and there will be so many ups and downs along the way before Bitcoin can finally arrived at the $1 million mark but definitely we will get there, no question on that after many bull and bear seasons along the way.
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Happy to see BTC finally overcoming the marketcap of silver...now the main goal is actually overtaking GOLD as Bitcoin is considered to be the new gold in the investing market. Of course, it can take some time and there will be so many ups and downs along the way before Bitcoin can finally arrived at the $1 million mark but definitely we will get there, no question on that after many bull and bear seasons along the way.
Yup, if it's ever to happen, it will be a long road. But meanwhile, Bitcoin is in a good position to break into the top 5. For that, it'll have to overtake Google and Amazon, which could happen pretty soon, as Bitcoin only needs +4% to catch up with Google and +6.3% for Amazon. Getting past Microsoft might be a bit trickier as we'd need Bitcoin at around $124.5k for that.
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Well from the above image on companiesmarketcap I can say that silver Gain less attention over bitcoin though it was above bitcoin but from the recent surge in price bitcoin took the place of silver, and Saudi Aramco. Well there is no doubt that the dreams is actually becoming reality and I know one day bitcoin would be valued the top against Gold but currently cap is $1.861T and gold is around $17.66T, so it assume that in the next 3-4 halves would likely see bitcoin at the top which about around 12 to 16 years more, though we have never pass this bull, maybe after this bull run we can determine whether price would take upto that 3-4 halving. If bitcoin touches $250k by next year then we would only need 1 -2 halving for the cap to surpassed gold.
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(https://www.talkimg.com/images/2024/11/20/bLNWH.png)
https://companiesmarketcap.com/gbp/assets-by-market-cap/
So here we are. What sounded impossible only a few years ago became a reality. Bitcoins market cap has officially surpassed silver.
And only today BTC has also beaten Saudi Aramco, a national oil company of Saudi Arabia and is now in 7th place of the top assets by market cap.
Next target: Amazon - for that to happen (assuming Amazon won't go up) we need BTC at around $108k.
To beat gold and get to the No. 1 spot, we'd need to make x9.5. Do you think it's possible?
Bitcoin is really becoming something else so impressive, Bitcoin really breaks a lot of obstacles which many think was unbelievable and now it is reality. Bitcoin push it way through becoming among the Top 9 Assets by market cap wow impressive giving Bitcoin more time and patience it will surely proof that nothing is impossible.
It will really take a lot of effort for Bitcoin trying to surpass Gold a lot of time the gap between Bitcoin and Gold is very far a lot of obstacles in between like GOOGLE, AMAZON, MICROSOFT, APPLE and NVIDIA. It will require some time and patience for bitcoin trying to move is way upwards but with time we expect very high volume from Bitcoin.
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So here we are. What sounded impossible only a few years ago became a reality.
Why did it sound impossible?
https://web.archive.org/web/20211110182354/https://8marketcap.com/
Bitcoin came close to less than 5% of silver market cap in 2021.
Also, not understanding what the fuzz is all about right now, Bitcoin beat Silver for the first time back in March:
https://web.archive.org/web/20240311194440/https://8marketcap.com/
As for gold, we will need a lot more, as there are around 200 billion worth of gold mined every year adding to that MC.
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Amazon's market cap was two trillion before Bitcoin and Bitcoin has not yet fully captured the two trillion market cap. Moreover, I see that Amazon's market cap has surpassed Google's currently. However, I think that in this bull season, Bitcoin will beat the market cap of Alphabet (Google) and Amazon, but maybe it will not be able to beat Microsoft's market.
Although the Bitcoin market is currently reducing somewhat, I think it is only due to the Bitcoin correction, but after the Bitcoin correction, I think it is going to capture a huge market cap from December or January.