Below is the market cap of bitcoin. Security as an investment asset. Bitcoin has seen a lot of movement in 2020 so far dipping off in price during the month of march but recovering during may.
The price of bitcoin has surpassed 5000 and is estimated to only continue to rise. According to him flipping will happen by 2028 and bitcoin could ultimately be worth 1 million. More scarce than gold in second tweet posted about 20 minutes later he said that at the moment gold s market cap is 8 trillion while bitcoin is just 160 billion which is fifty times smaller.
A top small cap stock from the motley fool uk. These two uk shares have fallen in the stock market crash and could offer much better return prospects than gold or bitcoin in my view. That s more than 100 times the market cap of bitcoin at its all time high.
If each ounce was worth about 1 290 the world s gold supply would have an implied market cap of 7 07 trillion dollars. That makes bitcoin over 60 times smaller than gold or 1 62 of gold s current market cap. 206 billion bitcoin vs 12 7 trillion gold given the respective prices of both bitcoin and gold the total market cap of circulating supply for each asset comes in at 207 billion for bitcoin and 12 7 trillion for gold.
That is half a million dollars for europeans confused by the comma sign for bitcoin to reach the same market cap as silver the required price is 2 588. For bitcoin to reach the same market cap as gold the required price is 500 000.
