Bitcoin is not just an alternative to gold, it is also going to take 100% of silvers monetary value

Gold bugs who have been waiting for gold to rise have also been insistent that silver will follow gold and rise even more because of its smaller market cap, some speculate a 10x rise from $50 to $500 per ounce of silver.

Bitcoin is not only going to eat golds lunch it is most definitely going to completely replace silver as the more speculative form of sound money to gold.

Bitcoin has only just flipped the market cap of silver, meaning a 10x rise from here is inevitable as it steals golds thunder and completely replaces silver.

We will get to $700k per btc just because people start to speculate on bitcoin instead of silver.

I see a world where gold doubles, bitcoin rises 10x and silver goes absolutely nowhere.

This is already visible when you look at the fact both gold and bitcoin have made new all time highs this year, yet silver is still 45% below its 2011 high.