Bitcoin still needs to rise 30% to $88,700 to surpass the eighth largest asset, silver!

Bitcoin has risen 62% so far this year, while silver has performed better than Bitcoin. Since losing its position in March, silver has surpassed Bitcoin again and become the eighth largest asset by market value.

Currently, the market value of silver is $1.751 trillion, $400 billion higher than Bitcoin, while the market value of Bitcoin is $1.348 trillion. This means that Bitcoin still needs to rise 30% to $88,700 to surpass the current market value of silver, assuming that silver remains unchanged.

Bitcoin is currently the ninth largest asset in the world, second only to gold, Microsoft, Apple, Nvidia, Google, Saudi Aramco, Amazon and silver. This year, gold has also performed very well, and has also risen 14.5% since the beginning of this year, with a market value of $15.7 trillion.

However, with the approval of the Bitcoin ETF, the market after the halving. Institutions are optimistic about the future trend of Bitcoin, after all, it is only one step away from the previous high of $73,000.

Analysts at the trading platform Bitfinex predict that Bitcoin could reach $150,000 in the next 12 months. The current market sentiment score is 74 points, which is still in the greed zone of the fear and greed index.

#BTC走势分析 #5月市场关键事件 $BTC

Follow me and surpass others with cognition!