Gold

Swiss Franc

<p>By crossing the $71,000 threshold, Bitcoin now has a greater market value than all the silver ever mined.</p> 
<h2 id="h-bitcoin-puts-silver-in-its-rearview-mirror">Bitcoin Puts Silver in Its Rearview Mirror</h2> 
<p>After surpassing the value of the Swiss Franc last week, the 19,651,000 BTC in circulation are now worth more than silver. Bitcoin’s market capitalization stands at $1.4 trillion dollars, versus the $1.38 trillion dollars for the precious metal.</p>
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<p>Here’s the additional appreciation Bitcoin needs to surpass the assets still ahead of it:</p> 
<ul> 
 <li>Google: +20%</li> 
 <li>Amazon: +30%</li> 
 <li>Saudi Aramco: +48% (A single BTC will then be worth more than $100,000)</li> 
 <li>NVIDIA: +56%</li> 
 <li>Apple: +88%</li> 
 <li>Microsoft: +115%</li> 
 <li>Gold: +949%</li> 
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     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> isn't here to take part. It's here to take over. <a href="https://t.co/8hq2EIITv6">pic.twitter.com/8hq2EIITv6</a></p>— Stack Hodler (@stackhodler) <a href="https://twitter.com/stackhodler/status/1767106925601202564?ref_src=twsrc%5Etfw">March 11, 2024</a>
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  <em>“Bitcoin isn’t here to take part, it’s here to take over.”</em>
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<p>In other words, the value of a single bitcoin will multiply by 10 when it surpasses gold’s market capitalization. On that day, a single bitcoin will be worth approximately $700,000.</p> 
<p>However, it’s possible that some of the wealth currently in gold will flow into bitcoin during the process. Bitcoin could then exceed the “barbarous relic” before reaching $700,000.</p> 
<p>Why is it doomed to be worth more than gold? The first argument is that there will never be more than 21 million of them. <a href="https://bitcoin.clarkmoody.com/dashboard/" target="_blank" rel="noreferrer noopener">93.50%</a> of BTC has already been mined.</p> 
<p>Conversely, gold production increases as its price goes up. <a href="https://ourworldindata.org/grapher/gold-production" target="_blank" rel="noreferrer noopener">3,300</a> tonnes of gold were produced in 2020. This is compared with 2,560 tonnes in 2010 and 1,224 tonnes in 1980.</p> 
<p>For financiers, note that the S2F (Stock to Flow) ratio will go from 60 to 120 after the halving, while gold’s will remain at 60. Our article on the subject: <em>Adam Back anticipates $700,000 for this halving</em>.</p> 
<p>The second very important thing is that Bitcoin is a currency as well as a payment network. Two-in-one. You can send the equivalent of billions of dollars with a few clicks for just a few cents in transaction fees.</p> 
<p>Surpassing gold is just the first step. Soon, 8 billion humans will save in Bitcoin. Knowing that the fiat money supply represents the equivalent of two billion bitcoins at the current rate.</p>
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<p>Replacing savings accounts with Bitcoin could multiply its value by 100. That’s seven million dollars for one BTC.</p> 
<p>Here are the results of a monthly investment in Bitcoin (DCA) over 1, 2, 3, 4, and 5 years.</p>

Bitcoin Needs a % Increase to Surpass Gold

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