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Bitcoin Forum / Re: When will Bitcoin catch up with Gold in capitalization?
« on: April 01, 2024, 03:19:51 AM »I think if the price of bitcoin crosses $100k this year then bitcoin can move from ninth position to fifth position. Moreover, with the way Bitcoin is gaining popularity, in the distant future ten years from today, Bitcoin may occupy the third best position. Moreover, if the various countries of the world give Bitcoin acceptance and universality, I don't think it will take 20 years for Bitcoin to overtake gold. But in my opinion, both gold and bitcoin are going to become the world's most popular investment platforms very quickly.I even believe that BTC can enter the top 5 in this cycle when BTC reaches 150K - 200K USD, meaning that BTC cap can compete with NVIDIA, Apple and Microsoft cap. However, I also see that the rate of BTC price increase is slowing down and it is very difficult for us to accurately predict the time when BTC cap can surpass Gold cap. When BTC reaches 500K USD, fiat has also lost a lot of value and the Gold price can completely increase and Gold cap can exceed 20T USD.
Anyway, Gold cap could be a worthy goal for BTC to aim for in its journey to develop and be widely accepted globally as a valuable reserve asset!
Well that could be our aim to surpassed Gold, but this market is decentralized, so I guess we all wanted it to happen but there will be no consensus and only time will tell.
And as far as my memory serves me right, this is always going to be the case for Bitcoin every bull run, we will jump up in rankings as far as market valuation and then we go back down when the market crashes or goes on a bearish cycle.