MultiversX Tracker is Live!

BTC at silver market cap

Bitcoin Reddit

More / Bitcoin Reddit 77 Views

It is often said that BTC would reach $100K per coin in the next bull run. Whether this would materialize or not is not the point of this post.

At $100K the market cap of BTC would be around 50% higher than the current market cap of silver. Silver has been regarded (rightly or wrongly) as a store of value and indeed its price fluctuations are nowhere near those observed in crypto space.

If BTC reaches a market cap that is 50% higher than that of one of the existing forms of stores of value why would anyone expect BTC to continue to exhibit the wild swings it has exhibited so far? I would expect the price to fluctuate within bounds similar to those of silver and the price to not fall much below $100K once it reaches there.

Any thoughts?

Edit: silver is a random example; I could have used gold instead and had the same argument.

submitted by /u/MeMyself159
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments