Bitcoin Forum

Bitcoin reached new all time high in capitalization only remaining few amount to get to all time high in price.

https://i.imgur.com/6t3MgoC.png
Bitcoin all-time market capitalization. Source: CoinMarketCap

https://cointelegraph.com/news/bitcoin-market-cap-hits-new-all-time-high-and-surpasses-jpmorgan-at-352m

It seems a new all time high is inevitable at this point and the only question is how soon it is going to happen? What it will be interesting to know is how high the price will go this time around, but at the same time I'm worried, we all remember what happened in 2017 and the huge crash that came afterwards, I really hope that since now we have the support of several institutional investors that in the case of a bubble the price is not going to crash as much as it did back then.

But everything will depend on the height the price reaches, if it reaches something like 30k then I do not think that we are going to see a massive crash but if some of the predictions of the people in the forum become true then a massive crash will be inevitable.

The marketcap of bitcoin will be bursted when the price is corrected. Long run Bitcoin marketcap will take over JPMorgan but it does take more time to take over and maintain a leading position.

Stable leading position will be made up of higher, stable price of bitcoin and higher circulating supply. If bitcoin drops 20% and stays at that price for months, circulating supply needs to have 20% increase to fill that drop and help bitcoin has a same marketcap.

I see more interesting in volume of bitcoin, not marketcap. The volume is lower than in mid of 2020 and the rise of bitcoin to all time high did not bring total volume back to all time high.