How soon do you think bitcoin can take Apple’s spot and what would be the implications of this for the market?
If bitcoin goes the way most of us expect this cycle to go, that could happen as early as this year. I recall that in 2017 there was a parabolic rise between September and December. Something similar could happen this year, and then bitcoin would be second in market cap to gold.
To be fair, bitcoin won't easily surpass gold because gold is an asset that has been used for thousands of years, through many wars, great recessions, economic crises, pandemics...It showed the world its potential and the world had complete faith in it without any doubt. Meanwhile, let's see how the world is treating bitcoin? Many people don't even know or care about it, and policies related to it are still controversial among politicians or central banks...How can it surpass gold in the near future with those?
Just because we are bitcoin investors and biased towards it, but if we dare to face the reality, bitcoin cannot even surpass gold in this century.
But you're right, whether it beats gold or not, it's still a successful asset.
You could apply the same argument to silver — bitcoin has surpassed it in less than two decades of existence. I would bet that you don't hold much bitcoin. After all, someone who thinks bitcoin won't surpass gold this century is pretty pessimistic, and you're not going to invest much in an asset you're pessimistic about.