Bitcoin Forum

This is the first time ever bitcoin reached 1 trillion marketcap in dollars, this proves bitcoin as the new age asset. In just 11 years, bitcoin hit 1 trillion dollars. I have just checked this on coinmarketcap. The price of bitcoin at the time is $55,5329 and with a marketcap of 1.03 trillion dollars. Institutions and many people are buying bitcoin which makes its marketcap to reach this great value.

Before, there's not much attention to bitcoin and if they do, it's all about the negativities. But it's getting noticed now by most of the mainstream media. Just as these fresh news from bloomberg and reuters.

--> https://www.reuters.com/article/us-crypto-currency-bitcoin/bitcoin-steams-to-new-record-and-nears-1-trillion-market-cap-idUSKBN2AJ0GC
--> https://www.bloomberg.com/news/articles/2021-02-19/bitcoin-nears-1-trillion-value-as-crypto-jump-tops-other-assets

As far as I know it's the cryptocurrency market that landed 1 trillion, not bitcoin alone. Though this still stands to attest the fact that bitcoin is becoming more and more noticeable and is changing people's perspectives when they talk about money and investment. This is a great first step towards what we aspire for which is global acceptance. This is bound to happen, people will catch wind of thsi eventually and if the media doesn't cover cryptocurrency, a lot of the people will be missing out on something very important, and of cpurse their integrity will be put on the line.

Those who has big names on different industries and companies that sees bitcoin as a long term investment. If there would be more companies and wealthy people looks unto bitcoin, then it would be possible for bitcoin to reach $100,000 or more than what we've been expecting from it. It also shows bitcoin's supremacy from all other altcoins.

Doesn't matter if the media doesn't cover this, people will talk all about it in social media and their friends and followers will follow and those people will talk about it to their friends and followers and the chain goes, mainstream media will not stop the spread of the news, they are just slowing down the inevitable. People love gossip and stories and this will get them talking about it. The only problem with that is that scams will be rife this season since a lot of people doesn't know about bitcoin besides the surface.

Yes, it is not even compared to other big companies as far as valuation is concern, but the comparison stop there. Remember 2017, when the whole crypto was about $1 trillion and not bitcoin alone with 60% dominance having reach $1 trillion is just short amount of time.

And this is just the beginning, as more people grow interest specially in this bull run, wouldn't be surprised that it will double in the next coming years.

Didn't even realise this until saw the thread title. Pretty awesome for sure, even though most of us are aware it's really just a number in the end. A crash will take us down that level for a bit but with hundreds of bitcoin still coming in every day we could build a healthy cushion until then.

Still the beginning, indeed.

This is a great milestone of bitcoin I hope wherever Satoshi Nakamoto right now, I hope he is very happy and contended now, with this amount of bitcoin I am sure that bitcoin will be soon be adapted by banks and hope that government will not restrict nor regulate it and put too much taxes on it, more and more scammers will use this card to scam and deceive people to get their money.

Bitcoin have been through a lot of struggles. I think bitcoin gain its new progress each and everyday because we all know that all of this are deserved. It is exciting that bitcoin reached a good and very interesting price as of today. I wonder what are the most surprising progress bitcoin might be in the next few days or weeks or months. I guess, this is just only a beginning and there is something out there coming big and very exciting. It is a long road for bitcoin. Be sure to be safe and secure about your investment and I agree about the warning about the scammer. Many people are definitely going to be carried by their greediness and might do something unnecessary to others.

Yeah congrats to Satoshi and the followers of bitcoin!! That’s a tremendous success for any asset. The more exciting thing is, as the bitcoin growing in its market cap, the liquidity is huge while volatility is dropping constantly. The trillion dollar market cap now gonna make a difference by attracting more investors, the process of which is already started.

I could imagine that after 10 years bitcoin would be status symbol in the world of crypto currency. That’s just random year because it will have its 2 decades completed by then.

Imagine bitcoin with 3-4 trillion dollar market cap then. #excited #trilliondollarbtc

I joined the Bitcoin band wagon in 2017 and by 2018 I was part of this forum. From the date I joined the forum till today I have neve seen so much celebration and happiness among members.

As this is the fourth topic I have seen about Bitcoin accomplishment of reaching a market cap of trillion dollar.

Looking at the way it is being traded in the market I assume many more new records will be created by Bitcoin this year.

Every day the movement of bitcoin is increasing, the current price of $ 57.3k with a markecap of 1.06 trillion is not impossible with large institutions going to switch to bitcoin as full as seeing such a sharp movement, this is because Telsa has invested heavily so the increase has occurred with the greatest market capitalist in history.
In fact, every day bitcoin always becomes ATH, then other altcoins also follow this. This is the right way in which big companies always contribute to bitcoin.

Although the media is not obliged to do it.

And as long as they can have a content and coverage for us topic, there will be still a reach for them. They don't cargo the people if they're missing a lot, it's not on them.

But it's on those people that are missing it out.

Analysts can say anything they want but the numbers don't lie. With just basic supply and demand, anyone can easily deduce that bitcoin has a limit and we can't just exaggerate everything about bitcoin, it has limitations and being vain about it will not solve the problem. 2020-2021 was a different year than the other previous years of bitcoin market, there is less institutional investors back then compared today which is evident with the prices right now.

Yes, numbers don't like, but still based on the basic law of economics: supply and demand.
Exaggeration is good though, the price can go $100k-$1 million and that is good for the market in my opinion. As it create an illusion this early, and think that it is not achievable, but today it seems that we are just knocking on the 6 digit range. Fueled by institutional investors. Of course as the price swell, the growth might slow down as well, but as the saying goes, 'everything is possible in this very volatile market'. Perhaps in the next 4 years, bitcoin's narrative will be different.

Same as when bitcoin hit 20k then went downwards back then.
The same's happening with the market cap it'll break that limit in the future and I'm sure bitcoin will at some point cross 100k

*the following years will be a thrilling Bitcoin price adventure...
hitting the $ 1 trillion market cap is still the start of IMO. as I have written in an almost similar thread discussing this, the Bitcoin market cap will touch $ 2 trillion, $ 5 trillion, and even $ 10 trillion.

We are already there ($1 trillion). Cryptocurrency is soaring to a height that many will be amazed. It is really revolutionizing the financial world and other sectors with its use cases. Its use cases are wonderful for business. As the break, it keep spreading like the DeFi, NFT etc.

Its marketcap will take over Alphabet A and Amazon's marketcaps and move to the fourth position in the table. I think it will take more months for bitcoin to take over Microsoft marketcap but it soon will be happened. Do you think bitcoin will move to more than $100,000 for one bitcoin? If you believe so and it will happen in reality, the marketcap of bitcoin will take over the Microsoft's.

Bitcoin does it faster than Microsoft and it is more impressive as it happened one year after the terrible crash in March 2020.
https://twitter.com/binance/status/1370719972972843013
https://twitter.com/binance/status/1370970445168705538
https://assetdash.com/

It's just bitcoin price going up because its adoption is growing not cryptocurrency in general and definitely not the token scam trend that has been trying to become popular again. The tokens whether they are called ICO or DeFi or NFT or whatever remain useless even after this many years. They are created purely to raise funds for no reason and then get some pump and dumps before they die.

Whenever there is a rally with Bitcoin, scammers appear all of a sudden with their shitcoins and worthless tokens. This has happened in 2017, and before that in 2014. This time also the same will repeat. Bitcoin prices are going up because of growing acceptability and mainstream adoption. The same can't be said about any of the altcoins (apart from a few such as ADA and BNB). Their prices are going up in terms of fiat currency, because most of the trade is conducted against Bitcoin.

Marketcap is not so important in general. Price per unit is more important in crypto industry

When there’s a new technology others try to create a copy of it sell same is happening in crypto market.
Shitcoins are generally created as a copy of main coin they want to follow, we all know the chain started when xrp copied bitcoin just changed some protocal on the transactions.

Upon reading this, I immediately thought of a possibility. Imagine another altcoin to reach this kind of market cap. Like Ethereum. I think it is still undervalued but with the recent rising price in gas for transactions, it's still quite hard to be at that level too. Mostly, ETH is used to transact with the tokens in them, so most people are spending it, unlike Bitcoin which has an expensive transaction fee but tends to be HODL'd more.

Actually, the Bitcoin market cap of 1 trillion dollars is not surprising and very predictable. Because more and more institutions are investing
in Bitcoin for the long term, it will increase the Bitcoin market cap. This is a very extraordinary achievement for Bitcoin, I am increasingly
optimistic Bitcoin can provide a better future for human life. With a market cap that has reached 1 trillion, should be able to make the government
aware that Bitcoin is unstoppable. It is time for the government to be more open to Bitcoin and legalize Bitcoin as a payment as a fiat alternative.

Estimates have 20% of bitcoin as lost, do you think this will ever factor into MC calculations?

The standard methodology is to take in to account all the circulating coins. It doesn't matter whether they can't be spend because no one owns the private keys. It is the same methodology used for calculating market cap of various equities in the stock market. A lot of the shares are owned by dead people (who haven't left a will), and some of them are in ownership dispute. But for calculating the market cap, all these shares are added together. The same methodology is used with cryptocurrencies as well and that is why we are including the lost coins within the calculation.

Blockchain technology and crypto assets started gaining prominence again.After the previous high of US$58,300 odd levels in February 2021, Bitcoin had taken a decent correction of around 25 per cent.The optimism has fueled the recent push to the record high after US President Joe Biden signed a massive US$1.9 trillion economic relief package.No wonder bitcoin hit $61000 today and performed well over the weekend but  before the end of the day it is pulling back 2% to trade around $58,070 on Monday. (source:kalkinemedia)

All these economic relief packages have really helped fuel the price of bitcoin, do you think theres much risk of a huge dip once all this dies down?

It really feels like unbelievable to see this amount of increase in only a 11-year period. 11 years ago, there were so less people who only knew something about Bitcoin and now it is known all around the world and there are many people who are willing to buy some. The change has been really awesome and I hope Bitcoin continues to break new records.

Ethereum will require a 4x jump and why would that happen? Ethereum is a decent coin but for the most part it has facilitated the creation of thousands of coins of which at best we needed less than 5% of them and hundreds of millions of dollars have been invested in those coins and there is almost nothing to show for such a huge amount of money invested in them, so while there is nothing wrong investing in the coin there is no doubt that such a growth will not come soon and will require a 10x pump from bitcoin for that to happen.

May be its because of the world pandemic that we are experiencing now, because of many people buy and use bitcoin in their daily life and that thing leads bitcoin price goes up quickly.

Bitcoin as new form of currency became more popular now that's why its price goes up.

Ethereum, as the first second generation cryptocurrency has its own place in the market. But I have a feeling that it's significance is going down with every passing day. Some of the coins that have used the ERC-20 chain have shifted to their own Blockchains, and due to the high fee many of the projects are looking for alternate options such as Cardano and Polkadot. The other projects are still in their infancy, but it is going to take some time for these projects to pose a challenge to ETH.

If somebody told me 4 years ago that Bitcoin is going to hit 1 trillion USD marketcap I would probably have called him crazy. ;D
Anyway,there's no point of focusing on the marketcap anymore.Nowadays marketcaps are overvalued and I don't think that they are accurate.I don't know if most of the crypto exchange platforms are faking their trading volume again,which helps for artificially boosting the Bitcoin(and altcoin) prices.
Bitcoin is the "new age asset" for sure.Let's hope that it will become as mainstream as gold.

In a way, you are correct. It is not accurate to rely on the market cap figure, when we don't have accurate estimates about the "lost coins" and the volume of coins that are being held in cold storage. Trade volume could have been a better parameter, but these figures are also inflated by various exchanges. As of now, I rely mostly on trade volumes from some of the reliable exchanges, such as Binance and Bitstamp. Other exchanges are not honest with their daily volumes.

Yeah, but I haven't seen any reports about trading platform faking their volume again. We have seen this happening in 2017, and I wouldn't be surprised if this fraudulent practice is being continued up to this day.

I'm checking https://www.bti.live/, no reports in the last year, not sure why they haven't released any update yet. As for $1 trillion market cap, it might be irrelevant, but just nice to have numbers though.

Yes, Many people buy bitcoin so bitcoin price increase day by day. Today bitcoin gives good opportunity for earning money.

Now, the trend about Bitcoin is very high, and many more people are interested in Bitcoin. Many new companies also start using crypto for investment or even paying for the salary. So, Bitcoin is now going to be more and more popular.
More demand in the market will also make the market going better. We are sure enough that Bitcoin is something worthy to have. Moreover, starting from the end of 2020, the bullish market of Bitcoin has started and that is why many more people and parties know more about this and being interested.
However, will be in the bear market different again? COmmonly, the enthusiasts of Bitcoin, the demand will decrease when the market is going to bearish.

This is really indeed a milestone for blockchain technology proponents . Their vision is being fulfilled from here on and trying to reap their respective rewards from being a pioneer. Quite still young but there are already handful of derivatives that may drive the blockchain industry to its peak.

From zero in 2009 to 1x trillion in 2021, bitcoin proved to be one of the most innovative technology/ asset of entire human history. Although its standing at 60K, no one can predict how far bitcoin can go from here. My prediction is that btc will hit 100k very soon before end of this bull run.

It's really incredible how bitcoin grew from zero to 1 trillion+ marketcap today, really happy to have witnessed it breaking that 1 trillion market cap, it's so nice seeing bitcoin up there with other top firms in the world, this 1 trillion is still small compared to gold's marketcap and that's the prime target, it's very far off for now cause gold still has large investors and its been around for a longer time than bitcoin, but I believe someday bitcoin will surely flip gold market cap, by then the price of bitcoin could be x5 of this current price now.

Absolutely! the comparison among those investment assets is really far, we never know yet if how far this coin will proceed, there are lots
of speculations coming from experienced investors.

With the current trend including big well known personalities, and with more institutional investors the success is not done yet, there are many more to expect.

Think more as Bitcoin will continue to surprise everyone from this industry.

And this will increase to even much higher levels as long as the demand continues to rise. It also looks like we should be accustomed to see it for some time. Because the price really looks like it can break another great record in this year by reaching over $100k, imo. It will also affect the market cap in a very good way.

As a Bitcoin holder, I am very happy that Bitcoin has finally touched the 1 trillion dollars market cap, this is a very extraordinary achievement
for Bitcoin. Hopefully this 1 trillion dollars market cap can convince many people that Bitcoin is indeed worthy of being accepted by many people,
quite a long journey for Bitcoin to be up to a 1 trillion dollars market cap. I am confident in the achievements of this Bitcoin, will make Bitcoin's
popularity increase. In the near future there will be an increase in demand for Bitcoin and the price of Bitcoin will also rise even higher.

Obviously $1 trillion is a very important milestone. But this should not be our final target. If gold can have a market cap of $11 trillion, then I believe that Bitcoin deserves a market capitalization of much more than $1 trillion. Forget about gold. Even silver is currently having a market cap of $1.45 trillion, which is around 40% higher than that of Bitcoin. So our immediate target should be to overtake silver in terms of market cap.

bitcoin is hitting records, marketcap of bitcoin right now is approximately $1.088 trillion and every single hour the market cap is higher and higher. bitcoin has been amazing this pandemic starts many investors are engage right now in bitcoin. bitcoin will probably the future of digital currency .

This trend is not only going to continue but it is going to intensify, the high fees are forcing many new and old projects to reconsider their desire to remain on the ethereum network and if that was not enough institutional investors are showing an interest in coming to this market but they have bought massive amounts of bitcoin but have not bought ethereum at all, and if this continues then many of the investors currently holding ethereum are not going to see the reason to keep holding their ethereum when holding bitcoin is more profitable.

Yeah this year is very good start for bitcoin and untill now more and more big company buying bitcoin in high amount.

Bitcoin becomes one of the greatest assets and i think the marketcap will surge more than this in the next few years.

Do not forget to prepare for any possibility that bitcoin can get in the short term because with the fluctuation of the price, we can hard to know what will bitcoin price do, and we can miss the chance to buy low and sell high. But the big company in the bitcoin world gives new hope to us because that can attract more people to trust bitcoin and use bitcoin without a problem. If more big companies come to the bitcoin world, that can lift the price to increase higher.

Inflation concerns have again started to creep into the minds of market participants. It's intriguing that they are now eyeing bitcoin as a way to avoid the risks of weaker purchasing power. But according to some experts, it is better to look somewhere else to catch up with inflation.
The recent debate of Bitcoin VS gold has also challenged and tried to threaten gold’s throne.
Hardcore Bitcoin enthusiasts say cryptocurrencies is the world’s best hedge against inflation. The underlying premise being, unlike U.S. dollars or any other fiat currency, it’s programmed to have a limited supply. Therefore, their purchasing power is bound to rise to catch up with inflation. https://www.kalkinemedia.com/news/cryptocurrency/can-bitcoin-serve-as-an-effective-balm-for-inflation-injuries

the more people who are interested in bitcoin, the better it will be in the future because it will make bitcoin soar

Bitcoint could have much higher utility than gold too, every day use being one.

The ease of transfer gives it a huge advantage over gold so seeing bitcoin overtake gold in terms of MC wouldn't be overly surprising.

bitcoin is getting better development and more and more people who have large capital want to invest in bitcoin they believe bitcoin is very good to be stored in the long term.

This year is very true in contrast to what is in 2017. At that time no major institutions or companies came in. Just a few fomo like hardrop and other snapsot. However, this year there is a tesla that is right to make bitcoin as their investment. And recently tesla can be purchased with bitcoin. It's just incredible.

and of course there will be many and other institutions that will follow in Tesla's footsteps by adopting bitcoin. But there are also some people or groups who hate bitcoin, and there will even be some FUDs deployed to drop bitcoins.

Bitcoin reaching a capitalization of 1 trillion dollars is a milestone and it will continue.

The acceptable strategy is to require in to account all the revolving coins in the market. No need  whether cant use since no one possesses the private keys. The prior technique utilized for calculating advertise cap of different values within the stock showcase. A part of the offers are possessed by unskilled individuals  and a few of them are in possession debate. But for calculating the showcase cap, all these offers are included together.