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Topic: Bitcoin Hit 1Trillion Market Cap (Read 189 times)

hero member
Activity: 938
Merit: 502
February 21, 2021, 05:36:21 AM
#14
After reaching a new all-time high, Bitcoin surpassed Chinese technology giant Tencent, ranking it 6th in the world among publicly traded companies.



In my opinion, if things continue in the same way and the interest in Bitcoin from the big names in the market continues, it is no wonder that by the end of the year Bitcoin will go further in the chart.
full member
Activity: 854
Merit: 109
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February 21, 2021, 04:13:41 AM
#13
An incredible volume. Crypto money has now become indispensable for even the great states. Considering this situation, we can see cross-state cryptocurrency speculation in the future.
newbie
Activity: 22
Merit: 0
February 21, 2021, 03:32:57 AM
#12
As bitcoin hits its 1 trillion marketcap we can expect more adoption from the other institutions whos gonna be longing it and will be buying it for more which will make the price pump  Grin Grin
sr. member
Activity: 1274
Merit: 293
February 21, 2021, 03:25:37 AM
#11
I think there are contribution of Elon Mask behind it. Basically everybody was expected that BTC will pump as many good news around us and in nCOVID season many men invested in BTC. But no body thought that it will hit like that. This is time to run BTC market and i think whole world now thinking positively about BTC though they not express openly. But soon we will see that result.
We can't deny the fact that Elon contributed to the rise of prices but we have to consider that every celebrity that did advertise bitcoin did some contribution by promoting bitcoin too. I don't agree with you that nobody expected that it will hit that price, people are speculating that it will reach 100k, 90k, 80k, 70k, 60k, and 50k USD, I think that people are expecting it especially if you read the news.
full member
Activity: 1582
Merit: 101
February 21, 2021, 01:30:49 AM
#10
I think there are contribution of Elon Mask behind it. Basically everybody was expected that BTC will pump as many good news around us and in nCOVID season many men invested in BTC. But no body thought that it will hit like that. This is time to run BTC market and i think whole world now thinking positively about BTC though they not express openly. But soon we will see that result.
full member
Activity: 1022
Merit: 100
$CYBERCASH METAVERSE
February 20, 2021, 02:44:55 PM
#9
It is really very good news for bitcoin lovers. Bitcoin already gain huge investors. I think new people are also investing in bitcoin. Everyday bitcoin Is breaking its own record. Best year for bitcoin lovers
hero member
Activity: 1344
Merit: 502
February 20, 2021, 01:53:01 PM
#8
Bitoin now moving very fast and now 6th argest Asset
Here ua The list of top Asset

1. Apple: $2.2 trillion
2. Saudi Aramco: $2 trillion
3. Microsoft: $1.8 trillion
4. Amazon $1.7 trillion
5. Alphabet: $1.4 trillion
6. BTC $1.0 Trillion
member
Activity: 72
Merit: 36
February 20, 2021, 12:46:07 PM
#7
This has been an amazing year, Bitcoin has benn creating news every now and then. It is amazing in just a decade Bitcoin has achieved so many milestones. We should be proud of ourselves as withouth the effort of this community Bitcoin would have been so popular.
newbie
Activity: 90
Merit: 0
February 20, 2021, 12:44:04 PM
#6
Today bitcoin creates the new all time high records with positive response. I am very happy to see bitcoin market cap is 1 trillion dollars. This is the cryptocurrency future. Future is hear.
hero member
Activity: 1694
Merit: 541
February 20, 2021, 11:59:32 AM
#5
The '1 trillion market cap' thing isn't quite true because of the fact that a large proportion of the coins mined early on have been lost, creating artificial scarcity.  However, perhaps the best boost that will come out of this is if Bitcoin approaches the market cap of silver, in which case it'll be difficult to treat Bitcoin based on its original purpose (as a P2P electronic cash system) rather than a digital asset which seems to be how it's most often treated now by speculators.
On papers it is what it is and the lost coins makes it even rarer as millions of coins are lost to Satoshi and then there are multiple millions that are lost due to multiple factors including loosing the password and to hackers, so the total coins will be a few millions less coins when everything is mined and it is already considered as a speculative market and hopefully we will see more companies accepting bitcoin as a currency in the coming years.
hero member
Activity: 938
Merit: 559
Did you see that ludicrous display last night?
February 20, 2021, 10:58:37 AM
#4
The '1 trillion market cap' thing isn't quite true because of the fact that a large proportion of the coins mined early on have been lost, creating artificial scarcity.  However, perhaps the best boost that will come out of this is if Bitcoin approaches the market cap of silver, in which case it'll be difficult to treat Bitcoin based on its original purpose (as a P2P electronic cash system) rather than a digital asset which seems to be how it's most often treated now by speculators.
Quote
Now that Bitcoin has cemented its status as a trillion-dollar asset among the likes of Amazon, Apple and Google, legacy banks are showing increasing interest in offering cryptocurrency custody services for their customers.
Amusing.  Doesn't that defeat the whole point of Bitcoin, to have a digital currency without the need for banks as an intermediary?
sr. member
Activity: 2268
Merit: 275
February 20, 2021, 10:36:27 AM
#3
if it has reached this big, what is our strategy to see bitcoin in the future. ah very hard for people like us (small traders) to touch. but with that bitcoin has shown countries that are rejecting the arrival of bitcoin must really cry seeing this. almost 85% of economic growth is increasing very rapidly. we feel it, and you must feel it too.
full member
Activity: 1026
Merit: 110
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February 20, 2021, 10:17:05 AM
#2
1 Trillion Market cap. Congratulations bitcoin.

Market of bitcoin is very good. BTC still pumping. I don’t know how much traders investing in bitcoin, But, I think much newcomers also interested to investing in bitcoin. I think we can expert btc price $70k in this month.
sr. member
Activity: 2366
Merit: 332
February 20, 2021, 07:19:55 AM
#1
Finally bitcoin touched the 1 trillion market cap as it priced surged to $56,368 ATH yesterday. With this recent bull , the bitcoin market will begin to attract more adoption and institutional traders. Apart from Elon musk who converted most of his cash to bitcoin, this month the oldest bank in the United States announce to join the space

Quote
The move has been fueled in part by increased adoption of bitcoin by major investors and companies. The oldest bank in the United States the Bank of New York Mellon, announced earlier this month that it was moving into the space. Elon Musk’s Tesla converted some of its balance sheet cash into bitcoin earlier this year and said it would start accepting the digital tokens as payment.

Quote
From white paper to $1 Trillion. #Bitcoin is eating gold alive,” Gemini’s Cameron Winklevoss said on Twitter.

The move may elicit the interest of institutional platforms in offering cryptocurrency custodian services

Quote
Now that Bitcoin has cemented its status as a trillion-dollar asset among the likes of Amazon, Apple and Google, legacy banks are showing increasing interest in offering cryptocurrency custody services for their customers.

https://cointelegraph.com/news/56-3k-bitcoin-price-and-1t-market-cap-signal-btc-is-here-to-stay

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