CandleFocus Bitcoin’s mission to flip gold demands one last 10x
2024-11-18
Author: Content Editor
Bitcoin's value lies in its accountability, as the number of mined bitcoins and the addresses holding them are known. However, the number of coins that are permanently lost is uncertain, estimated to be around 20% of all BTC. In comparison, the exact amount of gold and silver available is unclear, despite 212,582 tonnes of gold being mined historically. InfiniteMarketCap suggests that silver's market cap is nearly $1.9 trillion, potentially surpassing bitcoin. To surpass both silver and gold, bitcoin would need to reach $96,000 and $910,000, respectively. A single 10x increase in value is the goal for bitcoin.
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