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/As bitcoin continues its meteoric run, more investors are now reviewing the longstanding comparison between the famous cryptocurrency and gold.Insider surveyed 10 experts to see which asset they'd rather hold for the next ten years-and why.Both assets, experts say, are often seen as ways to diversify a portfolio or as a hedge against fiat currency inflation brought about by what some observers see as unsustainable fiscal and monetary policies.