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Bitcoin vs apple market capCan Bitcoin Market Cap Hit Higher Than Gold? | Coin Insider
Moas added that out of the 1, or so cryptocurrencies that are currently in existence, he is focusing only on the top 20 names that account for more than 90 percent of the total market value. A majority of the rest are "pump-and-dump scam operations," he said.
Skip Navigation. Markets Pre-Markets U. Key Points. VIDEO Capital Connection. Related Tags. Bitcoin vs Gold: Bitcoin bull Anthony Pompliano believes the cryptocurrency will reach a higher market cap than gold in the next ten years.
Think approximately a decade is rather conservative, so trying to account for many things that could possibly happen to slow growth. Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation.
Should that come to be the case, it would require an enormous accelerated gain in value from Bitcoin from both a value point-of-view and a trading perspective. The asset was developed and launched just over a decade ago, and has seen an enormous gain in market cap, trading price, and popularity since inception and it continues to show signs of bullish growth. The gold market in the past decade has remained mostly stable, with the exception of a sharp decline in From there, the precious metal regained its value to see a positive incline in value over the past two years.
Bitcoin has seen a lot more volatility in the past few years than gold, given how the market has been in a constant state of adoption and correction. Bitcoin saw its first spike at the end of , marking its first cycle of increases. Since then, it continued at a reasonably steady rate until midway through last year, where it lost and gained value with characteristic volatility.
Like gold traders, Bitcoin and cryptocurrency traders tend to buy and sell according to numerous factors, including the price of fiat assets and the economic movements of the US Dollar.