Everyone is discussing which asset has the most serious bubble phenomenon; surprisingly, the answer is not Bitcoin. Let's compare a set of specific cost and market price data.

First, let's look at Bitcoin, which currently has a mining cost of about $56,000, while the market trading price is around $88,000. The calculation shows that the gap between the two is only 1.6 times.

Next, let's turn our attention to the crude oil market. The extraction cost of crude oil in the United States is about $28 per barrel, while in the Middle East, it is about $15. However, its international market price has reached about $62 per barrel. This means that the selling price has reached 2.2 to 3.5 times the cost.

The premium in the precious metals sector is even more significant. The extraction cost of gold is about $1,500 per ounce, but the international market quote is as high as about $5,100, with a gap of 3.4 times.

The most extreme gap is in silver. Its extraction cost is only about $20 per ounce, but the international market price is at a high of about $100, making the selling price a full 5 times the cost.