Quote from: EcuaMobi on May 25, 2017, 02:03:44 AM

Quote from: the_poet on May 24, 2017, 07:49:14 PM

Quote from: blade87 on May 24, 2017, 07:44:13 PM

Meaning, it's still only worth a fraction of what a tech giant is. (~500B range)

Yes, btc is still worth a fraction of its true potential. Cap is the only number you have to compare it to giants.

I agree completely. The price of a single coin doesn't say much.
1 bitcoin is very close to reaching twice the price of gold. Except "the price of gold" depends on how much gold. 1oz is just an arbitrary fraction and even 1 BTC is.

We should compare the market cap of BTC with all giants, including (the total market cap of) gold: $40billions vs $7.5trillions. It's still very far away and can grow a lot more in several years.

Bitcoin market cap cannot be compared to Gold market gap. There is a high difference between the two. But then you should know Bitcoin has been there for less than a decade and Gold is there for more than a century, so both of their volume could not be compared or match. One thing here is sure if Bitcoin is given a time of one hundred years, it will way pass the 7.5 trillion dollar mark.