As of this morning, Bitcoin is worth just over $1T USD, a level it briefly crossed in late 2021.
At the same time, gold is now worth $13.5T USD. Do you think Bitcoin overtakes the market cap of gold by 2025? 2030?
724 sats \ 0 replies \ @UCantDoThatDotRugged 14 Feb
... and how!
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635 sats \ 0 replies \ @BitByBit21 14 Feb
Aleays has been 👩‍🚀🔫👨‍🚀
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524 sats \ 1 reply \ @carlosfandango 14 Feb
Up-down-up again. And people keep saying it’s dead….
Can’t see it overtaking gold till 2030. I should take a closer look at the BTC vs Gold price though.
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120 sats \ 0 replies \ @UCantDoThatDotRugged 14 Feb
https://m.stacker.news/16123
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489 sats \ 4 replies \ @0xIlmari 14 Feb
Except that trillion is not worth as much as it was 3 years ago. As Jeff Booth would say, "you're attempting to measure the system from within itself".
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33 sats \ 3 replies \ @kr OP 14 Feb
good point, what is the best external reference point to measure against? gold?
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367 sats \ 2 replies \ @0xIlmari 14 Feb
Gold is a good one. Assets in general, like house prices (MSPNHSUS on TradingView) but also commodities - oil (proxy for energy price), wheat, beef (human sustenance) are some I commonly look at, as well as stock indices - as long as USD component is cancelled out, it makes more sense to me.
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0 sats \ 1 reply \ @kr OP 14 Feb
solar deployments are growing incredibly fast all over the world. if that continues, does that make the price of oil a worse proxy for global energy prices?
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305 sats \ 0 replies \ @0xIlmari 14 Feb
It might reduce corelation but will remain an important industrial indicator because so much of it is still dependent on burning dead dinosaurs (like, all of transportation).
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367 sats \ 0 replies \ @0xbitcoiner 14 Feb freebie
https://m.stacker.news/16118
#424526reply
389 sats \ 4 replies \ @stooge 14 Feb
Bitcoin could easily overtake the market cap of gold by 2025
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108 sats \ 3 replies \ @kr OP 14 Feb
bold prediction. i think it’s possible, but i’d give it less than a 10% chance.
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0 sats \ 2 replies \ @stooge 14 Feb
Gold has no life in the market anymore. The only use for gold is in electrical and chemical applications (which it excels). Once central banks discover is worthless to them and begin selling the price of gold will be going down for the next ten years or more. (in real terms)
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0 sats \ 1 reply \ @kr OP 14 Feb
i could see this happening, my main concern above is the short timeframe of 2025.
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0 sats \ 0 replies \ @stooge 14 Feb
I'm quixotic... so their is that :)
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356 sats \ 0 replies \ @grayruby 14 Feb
2030
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310 sats \ 1 reply \ @tomlaies 14 Feb
I think most "market cap" calculations are wrong. They're calculating with 21m but a considerable and unknown portion of those 21m are lost forever.
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48 sats \ 0 replies \ @kr OP 14 Feb
most services are actually using the total issued bitcoin to date, but i hear your point.
the trouble with the “lost forever” coins is there isn’t any clear-cut way of knowing which coins were actually lost vs. coins that have simply been held for a long time.
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235 sats \ 0 replies \ @_stacktoshi 14 Feb
Fuck yeah, feels good!
2030+. I'm surprised gold has been so stable with BRICS and what they're up to. It will be difficult to catch up anytime soon. A 13X in 6 years just seems a little bit like wishful thinking, especially when that's midway through the next cycle and another too probably has blown off.
Who knows... maybe history doesn't repeat with all the craziness going on right now. Let's just get through 2024 before making any predictions.
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43 sats \ 6 replies \ @kr OP 14 Feb
looks like it was another big day of ~$500M in BTC ETF inflows yesterday, which makes over $1B of ETF inflows in the first 2 days of this week.
Unreal.
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305 sats \ 5 replies \ @badabing 14 Feb
10k btc per day? Crazy. I guess they'll also rebalance and sell big chunks at some point?
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305 sats \ 0 replies \ @0xIlmari 14 Feb
Daily production is only 900 bitcoins, and soon to be cut in half.
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99 sats \ 3 replies \ @kr OP 14 Feb
i’d imagine the attraction of the rising price will outweigh any desire to rebalance in the near-term… most still have zero exposure.
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305 sats \ 2 replies \ @badabing 14 Feb freebie
Rebalancing is often automatic. If you have a portfolio with a 1% btc allocation and it becomes 2%, half of it will be sold to get back to 1%. At least that's how I understand it. People can of course increase their allocation, but that requires doing smth..
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0 sats \ 1 reply \ @kr OP 14 Feb
sure, but for a 1% allocation to go to 2%, bitcoin needs to go from $1T to $2T.
if that happens, the amount of new interest will surely cancel out any rebalancing efforts… at least in the short-term.
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367 sats \ 0 replies \ @badabing 14 Feb freebie
Sure, it's just an example. Theoretically, a 1.05% allocation should be rebalanced to 1.00% as well (every month/year). This could make the peaks and troughs less steep.
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50 sats \ 0 replies \ @jgbtc 14 Feb
Imagine being a goldbug your whole life and when everything finally goes to shit and it should be your moment of triumph, this new fangled thing called Bitcoin comes along and kills all your hopes and dreams, and your name is Peter Schiff.
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0 sats \ 0 replies \ @Coinsreporter 15 Feb
As of last decade, Gold witnessed a period where its popularity as commodity has been below par. Yes it can be difficult to align it with growing popularity of Bitcoin and co. but crypto (all combined) will definitely surpass Gold's Mcap in next decade....
https://youtu.be/P18frOZUZmU
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0 sats \ 0 replies \ @quark 14 Feb
I think by 2030 more probable than 2025, but will it overtake it? For me that's for sure. And central banks with their gold will become obsolete.
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0 sats \ 0 replies \ @stacksatstoday 14 Feb
No doubt it overtakes gold by 2030.
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0 sats \ 0 replies \ @SaToSHiWoMaN 6 Mar outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.