Silver’s market cap has risen to over $500 billion larger than Bitcoin, despite the cryptocurrency flipping the precious metal just two months ago.
Silver has staged an impressive comeback against Bitcoin (BTC) this year, surpassing the cryptocurrency as the 8th largest asset by market cap after losing its position in March.
The world’s second most valuable metal has rallied 33.4% since Bitcoin reached a record $73,737 on March 14, while Bitcoin has retraced 9.5%, according to CoinGecko.
As a result, Silver’s market cap of $1.83 trillion is now $500 billion more than Bitcoin’s, which is currently at $1.31 trillion, according to Companies Market Cap — meaning Bitcoin would need to rally 40% to $93,000 to flip Silver’s current market cap (if all else remains equal.)
