As silver continues its downward spiral, bitcoin continues surging. At this rate, we have a $20 billion silver market (above ground silver) and a $10 billion bitcoin market.
At some point very soon, the bitcoin market will overtake the silver market. It's very easy, it could be that silver goes down to $10/ounce and bitcoin just stays where it is at $1000/bitcoin and then we're there.
You can physically buy up every ounce of silver in this world with bitcoins, by just going to this site for example: http://bitcoincommodities.com/
Eventually the bitcoin people need to do something with their bitcoins. Why not buy up the silver market?
Silver Price |
Bitcoin Market Capitalization |
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