Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin will replace the Silver Marketcap
by
iTradeChips
on 12/03/2021, 11:29:37 UTC
⭐ Merited by vapourminer (1)
I got curious by the OP here so I did some research on my own and saw some news about it. It goes like this:

"Some on Crypto Twitter were even talking about Bitcoin overtaking silver as the sixth most valuable asset in the world. It’s currently ranked eighth, with a market cap of just $US1 trillion.

If silver prices stay constant at US$26 an ounce, BTC would have to trade at around $US76,700 ($99,100) to “flip” the precious metal."

My opinion on this is that this is big news indeed. This would make investors of other assets be able to invest in bitcoin and hopefully be able to profit very big on this. But of course, that is only if the predictions will come true. For me it is only a matter of when this will happen.

Source: https://stockhead.com.au/news/next-stop-us60k-alts-dump-as-bitcoin-pumps-and-the-bulls-dream-of-flipping-silver/