This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out!Does Bitcoin need an $11T market capitalization to pass gold?The answer is likely no. In the Bitcoin world, it is easy to get caught up in Bitcoin’s growing market cap and forget that other market caps also fluctuate outside of our ecosystem. It sounds obvious, but for Bitcoin to pass gold’s market cap it only needs a higher value, not a certain arbitrary number.As Bitcoin grows, it is likely that gold continues to drop in value and investors “jump ship.” Bitcoin may only need an $8T market cap to finish the job. This moment will without a doubt be the largest milestone Bitcoin has ever achieved, far bigger in my opinion than any price milestone. Replacing gold’s market cap puts every uncertain nail in the coffin that Bitcoin is without a doubt the best store of value on the planet.Bitcoin is in the top 10 of all assets by market cap when comparing to public companies, precious metals, cryptocurrencies and ETFs. Here are the top 10.GOLD $11.042T - Apple $2.114T - Saudi Aramco $1.893T - Microsoft $1.879T - Amazon $1.625T - Alphabet (Google) $1.498T - SILVER $1.372T - Bitcoin $1.097T - Facebook $879.67B - Tencent $806.06BAs you can see, Bitcoin is only about a 30% move away from flipping silver, assuming the market cap of silver does not drop in that time. A 30% move is nothing for Bitcoin and can happen in a matter of days (if not hours).Think about that - Bitcoin could soon be bigger than SILVER!It will consume everything and surpass them all in due time.In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsYesterday Was Satoshi’s BirthdayMichael Saylor Has Unlimited ConvictionThe Bitcoin Branding Wars ContinueNews SummaryThe Wolf Of All Streets Podcast Ft. Evan ShapiroMy Recommended Platforms And Tools
The Wolf Den #214 - How To Be Bigger Than Gold
The Wolf Den #214 - How To Be Bigger Than…
The Wolf Den #214 - How To Be Bigger Than Gold
This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out!Does Bitcoin need an $11T market capitalization to pass gold?The answer is likely no. In the Bitcoin world, it is easy to get caught up in Bitcoin’s growing market cap and forget that other market caps also fluctuate outside of our ecosystem. It sounds obvious, but for Bitcoin to pass gold’s market cap it only needs a higher value, not a certain arbitrary number.As Bitcoin grows, it is likely that gold continues to drop in value and investors “jump ship.” Bitcoin may only need an $8T market cap to finish the job. This moment will without a doubt be the largest milestone Bitcoin has ever achieved, far bigger in my opinion than any price milestone. Replacing gold’s market cap puts every uncertain nail in the coffin that Bitcoin is without a doubt the best store of value on the planet.Bitcoin is in the top 10 of all assets by market cap when comparing to public companies, precious metals, cryptocurrencies and ETFs. Here are the top 10.GOLD $11.042T - Apple $2.114T - Saudi Aramco $1.893T - Microsoft $1.879T - Amazon $1.625T - Alphabet (Google) $1.498T - SILVER $1.372T - Bitcoin $1.097T - Facebook $879.67B - Tencent $806.06BAs you can see, Bitcoin is only about a 30% move away from flipping silver, assuming the market cap of silver does not drop in that time. A 30% move is nothing for Bitcoin and can happen in a matter of days (if not hours).Think about that - Bitcoin could soon be bigger than SILVER!It will consume everything and surpass them all in due time.In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsYesterday Was Satoshi’s BirthdayMichael Saylor Has Unlimited ConvictionThe Bitcoin Branding Wars ContinueNews SummaryThe Wolf Of All Streets Podcast Ft. Evan ShapiroMy Recommended Platforms And Tools