The price of Bitcoin now needs to reach $93,000 for its market value to surpass that of silver
According to Cointelegraph, since Bitcoin reached its historical high of $73,737 on March 14th, silver has risen by 33.4%, while Bitcoin has fallen by 9.5%.
The current market value of silver is $1.828 trillion, about $500 billion higher than Bitcoin's which stands at $1.322 trillion, making it the ninth largest asset in global market value. This means that Bitcoin needs to rise by 40% and reach $93,000 to surpass the current market value of silver (assuming other factors remain unchanged).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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