Quote from: $crypto$ on November 21, 2024, 07:36:55 AM

Quote from: Wind_FURY on November 21, 2024, 05:00:51 AM

Shower thought. The question might not be IF Bitcoin surges and reaches parity against Gold's Total Market Valuation. The question probably should be how much more valued would Bitcoin be WHEN and AFTER it reaches parity against Gold's Total Market Valuation.

Bitcoin Total Market Valuation - $1.90 Trillion
Gold Total Market Valuation - $17.0 Trillion
👀
HODL

If bitcoin were to reach a market value equilibrium similar to GOLD then this would need to be above $300K perhaps or even $500K, this is not impossible as bitcoin would be equivalent to the market value of GOLD on a market capitalist basis.

Just imagine every cycle bitcoin goes up 2x - 4x then the equilibrium will be equivalent to GOLD.

We need to HODL even longer.

You seem to be lacking in understanding and appreciation of what bitcoin is as compared to what gold is.

Bitcoin is likely in the ballpark of 1,000x more valuable than gold, but currently bitcoin has a market cap of about 1/8th of gold.

Even if bitcoin does not reach gold parity this cycle, it seems quite likely that it will reach gold parity and march towards around 1,000x greater than gold, whether that is bitcoin's price going up or gold coming down or a combination.. and such fair valuation could take 50-200 years to play out.

You can believe what you want in terms of your own ideas of relative valuations, and by the way, just think about it, gold has been pretty fucking flat since bitcoin came into existence (and especially since 2011), and if you think about the situation, even if we start our calculation from 2012-ish when bitcoin was $5 (and had a market cap of about $60 million), gold still had a market cap of around $6 trillion back then, so bitcoin is already eating gold's lunch and you can fail/refuse to recognize what it going on all that you like, and hopefully you either have not underprepared or perhaps you could spend time looking into the matter so you are not in such disbelief when you are going to be likely to continue to witness bitcoin ongoingly eating gold's lunch in the coming years.....

Quote from: Stablexcoin on November 21, 2024, 03:56:30 PM

Quote from: Samlucky O on November 21, 2024, 03:25:37 PM

Going through your coment I found out a thread created in regards to this Which says When will Bitcoin catch up with Gold in capitalization?
But nevertheless after a deep thought I discover that the market capitalisation of bitcoin to equate with gold is easy using the formula Price of coin × total supply = market cap for example if 1BTC @$96000 × 21m supply of bitcoin= $2.16trillion meaning that for bitcoin to compete with gold Market cap it must surely be 1BTC @$550 - 600k × 21million= 11.5Tr to 12.6Tr. so surely it is easy to determine by this formula even though it might not give the exact figure but must be approximately. So when you think of bitcoin cap to compete gold think of 6x to 7x of bitcoin growth from now.

Your calculations are correct but it will take more than that for Bitcoin to surpass Gold. This is because we know that it will take two or more cycle for Bitcoin to get to $550k or $600k and within these years Gold will not just sit at one point without increases.

How do you know how long it is going to take bitcoin to reach $500k to $600k?

It could happen within the next 6 months or yeah, it might take more than a whole new cycle.

it is also possible (perhaps 2% odds or so) that bitcoin could get above $1 million this cycle (meaning either in 2025 or perhaps no later than the 1st half of 2026).

Quote from: Stablexcoin on November 21, 2024, 03:56:30 PM

Only this year, 1 ounce of Gold moved from $2,150 to $2,600. Although Marketcap isnt a big deal to me. An increase in the market cap does not mean equal amount of money was put into the asset. Bitcoin marketcap if Gold and Bitcoin has similar marketcap the value of Bitcoin would be far way worth more than Gold.

Market cap is a decent measure of value at least in terms of current market price. Of course, many of us consider bitcoin to be around 1,000x better than gold in terms of its verifiability, scarcity, divisibility, transportability and costs to store/transport and less need for a third party, and some other moniness reasons. The mere fact that bitcoin is better does not mean that the market is going to recognize that right away... so it could take 50-200 years to reach such relative valuations.. but then it could happen more quickly, too.