Bitcoin Market Cap Could Soon Surpass Silver's
CryptoNewsTerminal Staff20 May, 2024
Bitcoin Market Cap Could Soon Surpass Silver's
Bitcoin (BTC) has the potential to overtake silver's market capitalization if it reaches $93,000, according to a report by Cointelegraph. Currently, silver holds the eighth position among the most valuable asset classes with a market cap of $1.83 trillion, while BTC ranks ninth with a market cap of $1.31 trillion. Despite a 9.5% decline since March, BTC could potentially rally by over 40% and reach $93,000, surpassing silver's market cap, assuming silver's market cap remains stable. In comparison, silver has experienced a 33.4% surge during the same period. This development highlights the growing prominence of Bitcoin in the financial landscape.
