Greed

Silver

Bitcoin

Gold

Silver has staged an impressive comeback against Bitcoin&nbsp;in 2024,&nbsp;surpassing the cryptocurrency as the eighth-largest asset by market cap after losing its position in March. 
The world’s second most valuable metal has <a href="https://tradingeconomics.com/commodity/silver" target="_blank" rel="noopener nofollow">rallied</a> 33.4% since Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) reached a record $73,737 on March 14, while Bitcoin has retraced 9.5%, <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener nofollow">according</a> to CoinGecko.
As a result, silver’s market cap of $1.83 trillion is now $500 billion more than Bitcoin’s, which is currently at $1.31 trillion, <a href="https://companiesmarketcap.com/assets-by-market-cap/" target="_blank" rel="noopener nofollow">according</a> to Companies Market Cap — meaning Bitcoin would need to rally 40% to $93,000 to flip silver’s current market cap (if all else remains equal.)
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 <img src="https://s3.cointelegraph.com/uploads/2024-05/00710f30-151e-458b-be88-f17276e1fbde.png" alt="" title="">
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 World’s largest assets by market cap. Source: Companies Market Cap
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Bitcoin is currently the world’s ninth-largest asset, trailing gold, Microsoft, Apple, Nvidia, Google, Saudi Aramco, Amazon and silver.
Gold has also distinguished itself, increasing 22.4% since Feb. 13, according to Trading Economics. It currently has a market cap of $16.4 trillion.
Industry pundits were split on how Bitcoin’s price would move after notching a new all-time high in March.
Bitcoin analyst Dylan LeClair previously noted that Bitcoin <a href="https://cointelegraph.com/news/insanely-bullish-facts-and-figures-about-where-we-are-in-the-bull-market">tends to double within months</a> of reaching new highs, particularly around halving events. However, Bitcoin has a significantly higher market cap now than it did in 2020, 2016 and 2012, making it more difficult to achieve such a feat.
Galaxy Digital founder and CEO Mike Novogratz says Bitcoin will stay in a “consolidation phase” <a href="https://cointelegraph.com/news/bitcoin-price-stay-55k-75k-zone-for-now-galaxy-digital-mike-novogratz">between $55,000 and $75,000</a> over the next month and potentially rise toward the end of the second quarter.
Analysts at cryptocurrency trading platform Bitfinex predict <a href="https://cointelegraph.com/news/analysts-150k-btc-top-10-days-before-halving">Bitcoin could reach $150,000</a> over the next 12 months. 
Many industry pundits have cited the <a href="https://cointelegraph.com/news/how-high-can-bitcoin-go-180k-btc-price-prediction">spot Bitcoin exchange-traded funds</a> and the <a href="https://cointelegraph.com/news/bitcoin-price-prediction-next-halving-2028">post-halving effect</a> as the main drivers behind these high predictions. 
Related: <a href="https://cointelegraph.com/news/bitcoin-btc-2023-2024-growth-rate-surpass-microsoft-gold">Bitcoin’s 2023–2024 growth rate has it on track to surpass Microsoft within a year</a>
Bitcoin’s market sentiment&nbsp;<a href="https://alternative.me/crypto/fear-and-greed-index/" target="_blank" rel="noopener nofollow">score</a> is currently 70 out of 100, firmly in the “Greed” zone in the <a href="https://cointelegraph.com/explained/what-is-the-crypto-fear-and-greed-index">Crypto Fear and Greed Index</a>.
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 <img src="https://s3.cointelegraph.com/uploads/2024-05/d6916bf2-17fd-4eac-a807-b26cead5ab7f.png" alt="" title="">
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 Crypto Fear and Greed Index score. Data from May 20. Source: Alternative.me
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Magazine:<a href="https://cointelegraph.com/magazine/big-questions-can-bitcoin-payments-make-a-comeback/"> Big Questions: How can Bitcoin payments stage a comeback?</a>

Bitcoin would need to hit $93K to flip silver right now

Cointelegraph

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