Tradfi
Sectors
Sentiment
Bitcoin vs Silver — monetary-metal comparison. BTC has already flipped silver's market cap; what that means and why the ratio still matters.
| Metric | Bitcoin | Silver | Δ |
|---|---|---|---|
| Bitcoin Market Cap | $1.55T | — | — |
| Bitcoin Price | $76.72K | — | — |
| Bitcoin 24h Change | -1.68% | — | — |
| Bitcoin FDV | $1.55T | — | +0.0% |
| Bitcoin ATH | $126.08K | — | — |
Crypto data live from Sharpe's tracker cache; TradFi values are reference benchmarks updated quarterly.
Silver's total above-ground market cap sits at roughly $1.4-1.6T (~1.7M metric tons × ~$28-30/oz). Bitcoin flipped silver's market cap permanently in 2020 and now trades at multiples of silver's aggregate value. The comparison is instructive: silver was historically the retail-scale monetary metal (coinage, small-denomination settlement) while gold was the reserve asset. Bitcoin has effectively absorbed the silver monetary-premium thesis faster than the gold one because silver's industrial demand (solar, electronics ~55% of annual supply) keeps it anchored to industrial cycles rather than monetary flows. BTC's supply is capped at 21M; silver has no fixed supply ceiling and sees ~1% annual mining growth plus recycling. For allocators, BTC-vs-silver is less about the flippening (already done) and more about understanding why BTC captured the monetary-premium share silver failed to.
Side-by-side crypto comparison with normalized returns
Rolling correlation between crypto and major TradFi benchmarks