Interesting comparison between silver 2008-2013 and current bitcoin suggesting big bear market incoming.
With an stimation of 1B ounces of silver in the market, silver peaked at around 49B usd market cap, similar to the past bitcoin peak at 48B market cap.
With an stimation of 1B ounces of silver in the market, silver peaked at around 49B usd market cap, similar to the past bitcoin peak at 48B market cap.
Comment:
Bitcoin blue, silver red
Comment:
Updated symmetry.
Comment:
Mmmm wrong chart. Don't know why that was in my copy memory.
This is the updated chart.
This is the updated chart.
Silver in red
Bitcoin in blue