Bitcoin is the fastest asset to hit 1 trillion marketcap

Renampun

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Quote from: laohe628 on June 06, 2021, 03:56:05 AM

That is a fabulous achievement for BTC，as we can be seen from the figure, Microsoft, Apple, Amazon and Google have only stepped into the 1 trillion marketcap in recent years，just a few years before BTC.
So can we conclude that there will be more and more newbie entrants 1 trillion marketcap soon，such as ETH？

maybe, if the price of Bitcoin continues to rise to $ 200k or more, then maybe eth will follow too & touch a $ 1T marketcap...

the crypto market continues to experience volatility and for sure this will continue to happen at any time but we must be sure that every year there will continue to be investors who join the market and make the crypto market capitalization continue to be large.

AndySt

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Quote from: lixer on June 07, 2021, 03:02:21 PM

The pandemic also helped the cause of crypto actually so that was one reason why suddenly everyone was talking about crypto. The growth we might have seen in the next 1-2 years has already been achieved.
Wish there are more ways of spending crypto because right now it has become an asset that can be exchanged but to spend crypto you actually have to convert it into fiat or online payments.

The main reason for the current surge in value growth is the pandemic and the turning on of the printing press by central banks at full capacity. Everything else is also directly or indirectly related to the government's economic incentives to overcome the pandemic. I would not be so categorical that all the potential growth has already been achieved and then we will only see a price drop or stagnation. The current strong correction after the insane growth of bitcoin seems to leave a reserve for the subsequent growth of the exchange rate price by the end of the year, provided that the price dynamics stabilize in the coming months.

ene1980

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Quote from: laohe628 on June 06, 2021, 03:56:05 AM

That is a fabulous achievement for BTC，as we can be seen from the figure, Microsoft, Apple, Amazon and Google have only stepped into the 1 trillion marketcap in recent years，just a few years before BTC.
So can we conclude that there will be more and more newbie entrants 1 trillion marketcap soon，such as ETH？

The multi corporate you mentioned are services that can only be valued if they are providing the service they offer and the amount of profit they make selling their products and you really cannot compare cryptocurrency market to the stock market as both are entirely different in terms of how we evaluate the market and hence it is not even a fair comparison in my opinion.

lixer

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Quote from: larus on June 05, 2021, 10:20:35 AM

Im not so sure that in this case its a good characteristic

Why are you not sure? this clearly shows that the growth of bitcoins has been monumental and continues to grow. No way we are going to reach the saturation point anytime soon.

Quote from: Vatimins on June 05, 2021, 10:52:50 AM

Although very stunning, it isn't that much of a surprise for people who understands the potential of electronics and the parts it may play in the future. Having this new thing back then when the world was at a time of great technological development where new things electronic connected are popping out of nowhere, it would only take a matter of time before this "new thing" back then would catch a lot of publicity both good and bad.

The pandemic also helped the cause of crypto actually so that was one reason why suddenly everyone was talking about crypto. The growth we might have seen in the next 1-2 years has already been achieved.

Wish there are more ways of spending crypto because right now it has become an asset that can be exchanged but to spend crypto you actually have to convert it into fiat or online payments.

fullhdpixel

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Quote from: ShowOff on June 04, 2021, 11:58:47 AM

It's hard to see bitcoin's price holding its high any longer due to its volatility. The bullish trend will very quickly affect the market capitalization and the bearish trend will also do the same. But the achievement that bitcoin has made are impressive even if they don't last long. So, if bitcoin can reach 1 trillion marketcap in 12 years, then it is still possible to see it reach 2 trillion in 24 years due to its future potential.

Bear and bull runs are what separates the BTC market from the traditional stocks market. What saddens me the most is the involvement of riches in our community and them manipulating the price. There is an anonymous group that has warned him though, so at least people are aware that they should not blindly follow one guy. I don't want to talk about him but somehow he is responsible for the bear run so I had to.

Talking about achievements and quickest to a trillion, I am sure BTC isn't even at 10% of its actual potential because there are lots of halving still to happen and with each of them the price only gets higher so I imagine the actual market cap will be 100x or even more than what it is right now. Also, the model of BTC is made such that the coins are limited and daily some coins are burnt in various addresses so demand is going to only rise.

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Quote from: 1l1l11ll1l on June 06, 2021, 12:09:53 PM

High volatility, trends and also the number of millennials who invest in crypto make the bitcoin market cap shot up sharply. And keep in mind that I don't think mass adoption has even started yet. I think bitcoin must be able to compete with other top tier companies such as Apple, Microsoft and Google Alphabet, of course within the relevant market cap.

There is an issue in calculating the market cap of cryptocurrencies such as Bitcoin. Lost coins are not excluded while doing this calculation, and as a result the market cap may look higher than it actually is. This issue doesn't exist for stocks such as AMZN and TSLA. So the current market capitalization of Bitcoin can be said as inflated to a certain extent and the actual number may be 20%-25% lower than what is given in Coinmarketcap. The second issue is related to liquidity. In terms of liquidity, BTC is far behind the major stocks.

dezoel

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Well, it is not really an "asset" alone and that could be the difference, we are talking about something that is basically both an asset but also a currency at the same time and we didn't had something like that since gold was used as a payment option.

This is why it is great, there is this "buy bitcoin and get rich" type of deal in the crypto world which makes it easier to promote, people think it is a get rich quick reality instead of scheme, because there has been so many people who invested into crypto and made so much money that eventually everyone thinks they can get rich buying some crypto, and that is why it is easier to make it to 1 trillion dollars because everyone is interested. Not that many people cared about other assets because they were working to get there, which I understand its cool and all but bitcoin is just.. something that is there, and we took it there.

1l1l11ll1l

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High volatility, trends and also the number of millennials who invest in crypto make the bitcoin market cap shot up sharply. And keep in mind that I don't think mass adoption has even started yet. I think bitcoin must be able to compete with other top tier companies such as Apple, Microsoft and Google Alphabet, of course within the relevant market cap.

bryant.coleman

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Quote from: laohe628 on June 06, 2021, 03:56:05 AM

That is a fabulous achievement for BTC，as we can be seen from the figure, Microsoft, Apple, Amazon and Google have only stepped into the 1 trillion marketcap in recent years，just a few years before BTC.
So can we conclude that there will be more and more newbie entrants 1 trillion marketcap soon，such as ETH？

There is no doubt that it was a fabulous achievement. But unfortunately, Bitcoin also became the fastest to lose the trillion dollar market cap level. It just shows the volatility of this asset. Despite growing to hundreds of millions of users, the volatility remains as a primary concern for Bitcoin. And regarding Ethereum, I don't think that the trillion USD market cap can be attained anytime soon. Now the gas prices are low, but for almost 6-7 months the average cost of sending tokens stood at $10-20, and it created a lot of issues for the users. Ultimately, the lack of scalability will become an issue for ETH.

laohe628

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That is a fabulous achievement for BTC，as we can be seen from the figure, Microsoft, Apple, Amazon and Google have only stepped into the 1 trillion marketcap in recent years，just a few years before BTC.
So can we conclude that there will be more and more newbie entrants 1 trillion marketcap soon，such as ETH？

Sithara007

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Quote from: jaysabi on June 05, 2021, 04:18:51 PM

That's not what it's about, it's about safety. If you really think that bitcoin was fairly priced at $60,000, then you should be investing every cent you have right now in bitcoin and should never quit buying until it's at that price again. Otherwise, you have to admit you don't know what fair value actually is, just like nobody else knows what fair value actually is. Bitcoin's price is pure speculation, and "investing" in it is nothing but gambling because there's nothing that drives the price other than everyone's perception of what it should be worth. That's the opposite of investing.

Unlike the stocks and real estate, you can only assume the fair valuation of a particular cryptocurrency. Because the exchange rates are solely dependent upon demand-supply balance. In case of the stocks, you can calculate the fair valuation using a simple calculator, by studying the quarterly P/E ratios and market outlook. That is not the case with cryptocurrencies. There is no P/E or EPS numbers available. All you have is a figure on circulating supply and maximum supply, and the average daily volumes.

MCobian

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Quote from: zanezane on June 05, 2021, 07:39:23 AM

Quote from: ShowOff on June 04, 2021, 11:58:47 AM

It's hard to see bitcoin's price holding its high any longer due to its volatility. The bullish trend will very quickly affect the market capitalization and the bearish trend will also do the same. But the achievement that bitcoin has made are impressive even if they don't last long. So, if bitcoin can reach 1 trillion marketcap in 12 years, then it is still possible to see it reach 2 trillion in 24 years due to its future potential.

That's the good thing about the market, it's sort of fair for everyone because they might win or lose their investment due to volatility with winning being so rewarding. It is indeed and impressive achievement but it is also an indicator that bitcoin can go much higher than 1 trillion in the long-term.

I also believe Bitcoin will reach higher than 1 trillion marketcap in the future, Bitcoin's very rapid development has actually provided evidence,
that in the future Bitcoin will give a big surprise to all of us who always trust Bitcoin even in bad situations. So don't be a person who regrets not
being able to feel the profit that Bitcoin provides for people who believe in Bitcoin. Therefore, there is never a doubt to collect as much Bitcoin
as possible. Because in the end, those who believe in the future of Bitcoin, that person will be the lucky one.

verita1

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I agree with the analysis of the source.
Bitcoin reached $ 1 trillion in the capital market on bullish investor sentiment. Also because we are preparing for a new stage of Bitcoin where we are all necessary. First the community, now it is the institutions and the governments will begin to take that step.
Let's not be afraid of the new there is always a first time to start and learn. This is how all bitcoiners start learning as we go.

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Quote from: Anonylz on May 31, 2021, 01:12:05 PM

Quote from: jossiel on May 28, 2021, 07:42:31 PM

Despite the big drop, bitcoin has now $667B in its market cap. But nevertheless, it's still one of the quickest and best asset that we've got in our time.

People who have been looking to the recent drop of bitcoin and starts to speculate negatively about it, don't really look from where bitcoin started and how it had conquered all of those negative and bearish days.

Anytime the price of btc drop like this, market sentiments will kick in, some people have very little faith and too pessimistic to have the courage to hodl,
Some of us should already understand how the market operates, price can not stay up for too long neither will it stay down for ever, this is what separate long term hodlers from quick profit takers.

That's not what it's about, it's about safety. If you really think that bitcoin was fairly priced at $60,000, then you should be investing every cent you have right now in bitcoin and should never quit buying until it's at that price again. Otherwise, you have to admit you don't know what fair value actually is, just like nobody else knows what fair value actually is. Bitcoin's price is pure speculation, and "investing" in it is nothing but gambling because there's nothing that drives the price other than everyone's perception of what it should be worth. That's the opposite of investing.

angrynerd88

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Its true Bitcoin hit in trillions too fast and the owners of world leading companies shocked who always make fun of Bitcoin. We have to be take into consideration that numbers are distinctive over distinctive periods of history, but in the event that you need to think as it were of the final few decades, it is right. It was something that was holding up for a brilliant intellect and a supporting community to be made.We know that early adopters of technology in every field and Bitcoin is great creation in financial sector and truely early adopters got benefit from it.Still Bitcoin surving in the age of early adopters so there is chance to secure future with crypto.

adzino

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Not surprised to be honest, but very impressive. The only snag is that bitcoin might lose its market capitalization with seconds where as apple, google, amazon and other top stocks won't lose their market capitalization very easily. Even though bitcoin lost its 1 trillion marketcap, 600 Billion isn't bad at all. Anyway, you shouldn't be comparing stocks with bitcoin. They are two different things which can't be compared with each other.

conected

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Quote from: ven7net on June 05, 2021, 09:23:20 AM

Indeed, Bitcoin as an asset was able to show an incredible result of growth, which brought it to the first place among the rating of international companies. Yes, this is an amazing situation, which has not yet had analogues. Is this good or bad? I think well and even think that for Bitcoin, the capitalization of 1 trillion dollars is far from the limit and there is a high probability that the capitalization of BTC can reach 20 trillion and even higher. Why do I think so? The fact is that BTC can, to some extent, become a replacement for the US dollar, and probably in the next 4 - 5 years it can absorb most of the dollars, which will increase its capitalization. In any case, Bitcoin is now one of the most attractive assets.

- Many of your shares are probably a bit too biased for bitcoin because substituting a country's currency is a taboo and it hits the basic limit that governments allow, especially the US government is not a small system, their acceptance of bitcoin is still low and requires an alternative to dollars, that's funny. There is always an immediate ban on such intrigue, but I also agree that bitcoin is a project that is developed on a huge scale, the capitalization of each year is never low and it is estimated to increase a lot

Vatimins

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Indeed, bitcoin has achieved a lot in all it's years of existence. Although very stunning, it isn't that much of a surprise for people who understands the potential of electronics and the parts it may play in the future. Having this new thing back then when the world was at a time of great technological development where new things electronic connected are popping out of nowhere, it would only take a matter of time before this "new thing" back then would catch a lot of publicity both good and bad. Which helped it a lot to reach several ATH at such a fast pace comoared with other assets. And I believe that bitcoin along with all the altcoins in this industry are still at it's early stages and still has a lot of room to improve and gain more attention.

larus

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Im not so sure that in this case its a good characteristic

ven7net

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Indeed, Bitcoin as an asset was able to show an incredible result of growth, which brought it to the first place among the rating of international companies. Yes, this is an amazing situation, which has not yet had analogues. Is this good or bad? I think well and even think that for Bitcoin, the capitalization of 1 trillion dollars is far from the limit and there is a high probability that the capitalization of BTC can reach 20 trillion and even higher. Why do I think so? The fact is that BTC can, to some extent, become a replacement for the US dollar, and probably in the next 4 - 5 years it can absorb most of the dollars, which will increase its capitalization. In any case, Bitcoin is now one of the most attractive assets.

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