Topic: Bitcoin's Total Market Cap Has Soared Past $1.3 Trillion - page 2. (Read 274 times)

It takes Bitcoin 15 years to have 19,676,487 BTC in its circulating supply that is 93.7% of its total supply.

Altcoins with Proof of Work can be premined a lot like Ethereum, or can be mint all at the beginning with TGE by smart contracts. Their developers can create an altcoin with very high total supply like Shiba Inu or very low total supply like Shiba Inu with 589,534,086,491,242 SHIB (all minted at TGE) or Yearn Finance YFI with only 36,647 YFI in its total supply.

Market cap with altcoins is useless to assess altcoins.

In 2020, YFI rose to nearly  $40,000 when Bitcoin still did not get its $20,000. It's success of YFI developers but any YFI holders, from 2020 to 2024, will lose money, now it is about $8,400.

https://coinmarketcap.com/currencies/shiba-inu/
https://coinmarketcap.com/currencies/yearn-finance/

Yes I mean that's a very important aspect of trading. I have seen people losing their whole portfolios just because of these types of small and silly mistakes. Scammers are Everywhere and they'll remain till eternity but what we have to do is to safeguard ourselves from them.

What I would suggest is that we can do a basic mobile security course available all over the internet. This will lead us to the knowledge of how scammers use different techniques to scam people. Once we get the overall picture then we could always apply this knowledge to the particular cases we will face throughout our life.

In case of bitcoin it kinda does because its supply is real, so is its price. Every single satoshi in circulation was created fairly and through actual "work" aka mining. And the price is decided in the market through demand.
Market cap is mostly meaningless when it comes to altcoins that have fake supply (eg. premined coins) and fake price (eg. pumped and are before dump).

I don't think the reason is market cap being high, at least not the main/biggest reason.
When you are comparing 2013-17 with today you should also compare the economy of 2013-17 with today. We've already had 2 major recessions in the past 5 years and that takes toll on the economy and people's investment habits and capabilities.

For example in 2017 when price soared to $20k in a couple of months people across the globe weren't struggling to make ends meet like today and they weren't struggling to pay back their loans at a much higher interest rate that went up overnight.

Now I believe not only such massive rises (eg. going from $70k to $1 mil in 6 months) is possible but it can be very easy IF the recession ends and they reduce interest rates. Because first of all after interest rates coming down, the extra money people paying back their loans are going to be left with is going to be invested in things like bitcoin. And the money that had gone into the scammy bonds government print is going to exit and flood into other markets including bitcoin. The tsunami of money coming into bitcoin can shoot up the price very easily.

Well, the first step will be to reach and beat silver's capitalization, for which there is $0.2T left, so we are likely to see it this 2024. With that, bitcoin would be the eighth largest market cap asset in the world, and, depending on how the bull market goes, I think it could climb to fourth or fifth place. For those who want to follow up:

https://companiesmarketcap.com/assets-by-market-cap/

Well thats inevitable I guess we saw the pattern in each cycle that after halving it should do its work. But since this market us upredictable expect the unexpected always. Right now btc is moving up and down for the past few weeks and as we get closer to halving we can see the potential movement of overall market which either can go bullish all the way or have some misfit along the way.

That's not even the best that bitcoin can ever get, imagine about 25% of the world's population are into bitcoin or planning to invest in it, the value that we're going to see is going to be astounding and I can't even begin to fathom how high that demand would be, bitcoin's going to be way past the point where it matters what ranking it is in terms of market value against other market or company because they're going to be number 1 and the gap with the 2nd place in ranking is far too wide to matter.

Yes, there's more work but what I can see here is just an opportunity that you won't be missing out for too long in investment because bitcoin will take a long time before it grows, imagine those that are DCAing at a small amounts, they're going to like this the most.

Bitcoin will definitely beat gold’s marketcap in the future. All we need is more diamond hands. As long as nobody sells and there is still demand, theoretically the price of a bitcoin can go to infinity. However we know that there will always be some sellers who will create even more pressure on the price as the price goes higher. That’s why every once is a while btc goes into a bear market. So don’t feel bad if btc goes back to $30k’s or even lower soon. If that happens, btc will come back even stronger because more diamond hands will be buying the dip. We have had many price cycles in the past and there will always be more.

Yeah but keep in mind that the higher the market cap goes, the more work it is to get the price to increase. Remeber how easy it was going from $30 to $250 and then to $1000 during 2013? Or how we went from a low of $200 all the way to $20000 within a year and a half.

Now it’s getting more and more difficult. We broke ATH but are stalling and struggling to go higher. This is what happens when market cap is high. At a price of $200, you could get retail to buy maybe 10-50 BTC.  But at a price of $70K most retail can only buy a mere fraction of a coin and hence why it’s going to be a long way to $100K.

Bitcoin's title as a digital gold isn't new. Bitcoin has been labeled as such for years already. There was news of BlackRock's Larry Fink calling Bitcoin digital gold, but it wasn't Larry who coined it. But, yeah, if the impression of Bitcoin being a digital gold is spreading among the influential financial players across the globe, it indeed means demand.

But, again, demand doesn't necessarily mean belief. Many who buys Bitcoin doesn't believe in Bitcoin. That includes Fink and the rest of them. So, indeed, it would still be a rollercoaster ride from here on. These actors could quickly dump Bitcoin as soon as they made a profit from it.

Definitely not worried about the waiting part, bitcoin surpassing these companies is an inevitable moment so it's just a thing of patience and DCA. It's really not surprising anymore that bitcoin is able to do that because I've had that faith renewed when bitcoin was able to bounce back when it dump when the all-time high price was still around 20k, it was a panic for me at that time but I trusted that it will go back and then it did, a year or two of waiting isn't a big deal anymore, I'm excited for what the next halving does because there's no way that it's going to be repeat history with the new ATH showing before we can even go to the halving.

Bitcoin's capitalization is still very small compared to gold's capitalization, so it is still very early and there are many opportunities for those who want to find life-changing opportunities. People often look at the price of bitcoin and think that it is too expensive and that investing in it at this point will no longer bring significant profits. But if they look at the supply and market capitalization, they will realize everything is still very early and there are still many opportunities.

The capitalization of gold has surpassed 15 trillion USD, while the capitalization of bitcoin is only 1.3 trillion USD. Think about what percentage of profit we will achieve if the capitalization of bitcoin is equal to the capitalization of gold in the next 10-20 years? We are still very early in investing in bitcoin.

Market capacity is a reflection of the price and the limited supply, but it does not mean the true value. However, it gives a general indicator of growth, which may exceed Apple or Aramco at some point in the next year if Bitcoin breaks the $100,000 barrier.
The effect of halving takes some time, so do not expect anything during this year.

Bitcoin's total market cap has soared past $1.3 trillion, now sitting at a staggering $1,370,542,241,397. It has surpassed the total market value of the world's four largest banks combined!

BTW, with just two weeks left until Bitcoin's fourth halving, there are only 2,000 blocks remaining. Coinbase's institutional research analyst, David Han, dropped a report yesterday, highlighting Bitcoin's evolving status as digital gold. This increasing acceptance of Bitcoin as a 'digital gold' could potentially attract a fresh wave of investors into the market. This means that more demand brewing in this market ecosystem. So, brace yourselves, folks.  Unlike previous cycles, we might witness a more aggressive buying spree during price pullbacks. Even in the midst of volatility, buyers could be more proactive this time around.

But let's not forget the golden rule of crypto: expect the unexpected. Bitcoin's journey has been nothing short of a rollercoaster ride, and volatility is its middle name. After all, in the world of Bitcoin, one thing's for sure: it's always an exhilarating ride!