PANews reported on May 20, according to Cointelegraph, since Bitcoin reached a record high of $73,737 on March 14, the market value of silver has increased by 33.4%, while Bitcoin has retreated by 9.5%. The market value of silver is currently $1.83 trillion, $500 billion higher than Bitcoin, which currently has a market value of $1.31 trillion. This means Bitcoin would need to rise by 40% to $93,000 to surpass the current market value of silver (assuming other factors remain constant).

According to Trading Economics data, gold has also performed well, rising by 22.4% since February 13, with its current market value at $16.392 trillion.