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PrimeXBT Insights: Is Bitcoin About to Overtake Gold? The Numbers May Surprise You
In recent years, the crypto market has witnessed a substantial shift in sentiment. Gone are the days when Bitcoin was seen as a speculative asset for retail investors and institutional players alike. Today, we’re witnessing a gradual change in the narrative surrounding this digital currency.
In the past, proponents of cryptocurrency would often compare its growth to that of gold. While these comparisons were initially met with skepticism, it’s now undeniable that Bitcoin has surpassed gold in terms of market capitalization.
To put things into perspective, let’s take a closer look at some of the numbers. In 2012, gold had a price range around $1,800. Fast-forward to today, and we’re seeing a stark contrast – Bitcoin’s current valuation stands at roughly $450 billion, while gold rests at around $10 trillion.
At first glance, it may seem like gold still has the upper hand in terms of market capitalization. However, this narrative overlooks the fact that gold will not be able to reach Bitcoin’s decentralized and scalable potential.
The numbers speak for themselves: institutions are increasingly incorporating cryptocurrency into their portfolios, and we’re seeing significant investment flow towards digital assets. Furthermore, as more individuals become aware of the benefits tied to these digital currencies, I firmly believe it won’t be long before we see a further shift in market capitalization.
I want to make one thing clear – while there is no guarantee that Bitcoin will overtake gold, it’s undeniable that there has been a significant change in the way investors perceive and interact with cryptocurrency.
Source: coinpedia.org
