Bitcoin now more valuable than silver

2024-11-19

Bitcoin is about to rise above 90,000 US dollars. The oldest cryptocurrency has already left an old competitor behind.

The Bitcoin price seems almost unstoppable at the moment. In a daily comparison, the largest cryptocurrency climbed by a further ten per cent to a current USD 89,300. Compared to the previous week's level, the increase is now 30 per cent. On its way to the 90,000 mark, Bitcoin has now moved up one place in the ranking of the most valuable assets - ahead of silver.

Bitcoin's market capitalisation currently stands at USD 1.7 trillion. Around 60 billion US dollars more than silver. Just a few days ago, Bitcoin overtook the company Meta.
Bitcoin is therefore currently the eighth most valuable asset in the world. Saudi Aramco, the world's largest oil production company, is currently ahead of it with a market capitalisation of around USD 30 billion more.

Following Donald Trump's election victory, there is currently no stopping Bitcoin. The ‘Trump Pump’ is having an effect on the world's largest coin! As a result, many investors are now certain that future US policy will be more favourable with regard to crypto.

Youtubue-Video: Bitcoin Comes Close to $90,000, Worth More Than Silver

MicroStrategy also bought more Bitcoin for USD 2 billion

MicroStrategy has struck again: on its way to becoming the "Bitcoin Bank", Michael Saylor's company acquired a further 27,200 BTC.
Michael Saylor's plan to increase the value of his company using Bitcoin as a reserve currency therefore seems to be working. Despite a decline in turnover in the operating business, the MSTR share recently reached an all-time high again and has even outperformed Bitcoin itself this year.

Please do not underestimate silver as an investment

However, we also want to take a clear stand in favour of investing in the precious metal silver. Silver has not been this interesting for years and many experts believe that silver itself could be on the verge of a massive price increase.
After all, few people realise that every electric car contains around 3 ounces of silver. Silver is also needed for photovoltaic systems and wind turbines. For 3 years now, much more silver has been consumed worldwide than is being mined.

Prospects for silver are very good

And how many of you doubt that more electric cars will be built in future rather than fewer? The annual deficit in silver will lead to a shortage in the long term, which will naturally result in rising prices. So it remains to be seen whether Bitcoin can leave silver behind in the long term or whether the precious metal can regain its lost ground. One thing is certain, it remains exciting for both Bitcoin and silver.

We therefore believe in both assets as an investment. We continue to focus on digital Bitcoin and physical silver (no securities).