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😱🫨Historical challenge from Bitcoin: Eyes on $93,000!
Silver performed effectively against #bitcoin in 2024, surpassing Bitcoin in terms of market capitalization and placing eighth.
The world's second most valuable metal is hovering at a position of 33.4 percent more valuable than Bitcoin. According to the companies market capitalization, silver's market capitalization of $1.83 trillion is $500 billion more than that of Bitcoin, which is currently at $1.31 trillion, which means that Bitcoin needs to reach $ 93,000, an increase of 40 percent, to reverse silver's current Sunday value.
Bitcoin is currently the ninth largest asset in the world after gold, Microsoft, Apple, Nvidia, Google, Saudi Aramco, Amazon and silver.
What do companies and statistics say about Bitcoin?
According to Trading Economics, gold has also come out ahead, increasing by 22.4 percent since February 13. It currently has a market capitalization of $ 16.4 trillion. Industry experts are divided on how the Bitcoin price will move after reaching an all-time high in March.
Kritpo analyst Dylan LeClair has previously stated that Bitcoin tends to double in size within months of reaching new highs, especially during halving events. However, the market value of Bitcoin is much higher than in 2020, 2016 and 2012, which makes it even more difficult to achieve such a feat.
Galaxy Digital founder and CEO Mike Novogratz said Bitcoin will remain in a “consolidation phase” between Dec. 55,000 and $75,000 next month, potentially rising towards the end of the second quarter. Analysts at cryptocurrency trading platform Bitfinex predict that Bitcoin could reach $ 150,000 in the next 12 months.
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