Bitcoin $1Trillion Market Cap questions

[Lucius]

So based on marketcap can bitcoin double its marketcap in short time to $2 trillion resulting in $100k per btc this year?

Why not? As others have already explained to you, the BTC market cap is just a product of the price of 1 BTC and the total amount of coins available at that time. Every day approximately 900 new BTC are mined, so the MC increases even if the price stays the same or decreases. If we were to take the example of keeping the price of BTC at current values until the end of the year - and in the next 10 months the circulating supply increases by 270 000 BTC (27 000 per month), it would mean that MC at the end of the year increased by a total of $13.5 billion.

But of course if the price reaches $100k it will also mean that the MC has doubled - which is nothing unrealistic considering how fast the price has increased from $10k to $50k.

[1715292797]

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[1715292797]

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[macson]

Time to reach $1 trillion market cap:

Bitcoin:      12 years

Google:      21 years

Amazon:    24 years

Apple:        42 years

Microsoft:   44 years

https://twitter.com/JonErlichman/status/1362793068794159107

snip

your question is too skeptical....where did the additional funds come from, no one knows, just relax in your seat.  bottom line Bitcoin capitalization won't stop at $ 1T, it will continue to increase. 

[very_452001]

Time to reach $1 trillion market cap:

Bitcoin:      12 years

Google:      21 years

Amazon:    24 years

Apple:        42 years

Microsoft:   44 years

https://twitter.com/JonErlichman/status/1362793068794159107

snip

your question is too skeptical....where did the additional funds come from, no one knows, just relax in your seat.  bottom line Bitcoin capitalization won't stop at $ 1T, it will continue to increase. 

That's a phenomenal achievement for Bitcoin. At this rate it will take no.1 rank on this list very soon! or after the next bear market :

https://8marketcap.com/

[TimeTeller]

Time to reach $1 trillion market cap:

Bitcoin:      12 years

Google:      21 years

Amazon:    24 years

Apple:        42 years

Microsoft:   44 years

https://twitter.com/JonErlichman/status/1362793068794159107

snip

your question is too skeptical....where did the additional funds come from, no one knows, just relax in your seat.  bottom line Bitcoin capitalization won't stop at $ 1T, it will continue to increase. 

That's a phenomenal achievement for Bitcoin. At this rate it will take no.1 rank on this list very soon! or after the next bear market :

https://8marketcap.com/

What bitcoin achieved is really overwhelming. Only more than a decade in the market and it is flying high.
And the good thing, the inventor, Satoshi, is nowhere to be found and we have no idea if he is enjoying what he created for humanity.
Those other popular companies in the above list, at least, have their founders or owners known to the public and we know they have good life in terms of financial aspect.
And this is also a testament that a specific invention can go big in the market even if there is no visible leader managing it. That's the beauty of crypto.

[onecall123]

At last. Welcome to world adoption. Bitcoin broke 1 trillion dollars in market cap and smashes through $56,000USD as well. With great power comes great responsibility as large investors are HODLing, and small investors probably feel more security than anytime before. But, what about correction?

[Sithara007]

What is the next target? $50K level breached.. $1 trillion market cap achieved.. any short term targets remain now? That said, I am a bit worried about the declining Bitcoin dominance. A few months back, we were at 71%. Now the dominance has gone below 61%. And more worryingly, it is the new coins such as Polkadot and Chainlink making the most of the gains. I am OK with the gains made by BNB, because it is one of the few altcoins having real usage.

Last month, we had a brief period of correction, when the prices went down from $41,000 to $31,000. I guess most of the individual investors booked profits at that point. Now the institutions are not going to sell their stash anytime soon (unless the FinCen or the SEC creates some major issue). I don't expect any major correction anytime soon. May be we'll have one after $75K.

[Cnut237]

So based on marketcap can bitcoin double its marketcap in short time to $2 trillion resulting in $100k per btc this year?

Quite possibly. Institutional investment does seem to be the main driver of the current bull run. It may reach a point where people start to think it would be foolish not to have a small bitcoin position.
A 'small' allocation in percentage terms for a growing number of large institutions can have a significant impact on price.

Also 1 trillion to 2 trillion is of course not the same as zero to 1 trillion. If you look at bitcoin price history on a linear scale chart, you learn very little. If you view the data logarithmically, then clear patterns emerge.
Finally, bitcoin is not a company, so there's no sense saying it's "as big as Microsoft" or "as big as Amazon". If bitcoin is a currency, or if bitcoin is a store of value, then 2 trillion is not a problem.

The flip side of all this, of course, is that prices can also fall. Steady increases in general are good, sudden huge increases are much less sustainable.

[Wayan_Pedjeng]

Okay im looking at marketcaps to compare and see where markets can go.

Billionaire Peter Schiff saying gold can go to £3000 per oz but gold market cap now is above $11trillion at around $1700 per oz of gold now. So if Gold doubles in price to $3000 per oz then realistically can gold marketcap double to $22 trillion in a short time frame? I ask because it took gold tens of thousands of years to reach $11trillion marketcap today. If it took so long for gold to reach $11 trillion then why should a marketcap of any market double it in such a short amount of time?

So based on marketcap can bitcoin double its marketcap in short time to $2 trillion resulting in $100k per btc this year?

Realistically I expect gold to touch $5,000 (£3,567) per oz sometime soon. With fiat currencies losing their purchasing power at such a rapid rate, assets such as gold, platinum, silver and Bitcoin would definitely go up in demand. But I am not sure whether the governments will allow that. It may sound draconian now, but the authorities can go for wealth confiscation in order to cover debt repayments (similar to what Cyprus did in 2013)

[orions.belt19]

At last. Welcome to world adoption. Bitcoin broke 1 trillion dollars in market cap and smashes through $56,000USD as well. With great power comes great responsibility as large investors are HODLing, and small investors probably feel more security than anytime before. But, what about correction?

Many early adopters will surely take profit soon and with Bitcoin hitting a milestone like 1 trillion marketcap, a correction won't be too far away I guess. I also don't think that were at the point of world adoption yet. It's not even that popular yet. There's paypal already and I think in the near future Mastercard but world adoption is still far since some countries are even looking into banning it i.e India. 1 trillion marketcap is undoubtedly a remarkable milestone which will only drive more investors into the crypto space.

[very_452001]

At last. Welcome to world adoption. Bitcoin broke 1 trillion dollars in market cap and smashes through $56,000USD as well. With great power comes great responsibility as large investors are HODLing, and small investors probably feel more security than anytime before. But, what about correction?

Many early adopters will surely take profit soon and with Bitcoin hitting a milestone like 1 trillion marketcap, a correction won't be too far away I guess. I also don't think that were at the point of world adoption yet. It's not even that popular yet. There's paypal already and I think in the near future Mastercard but world adoption is still far since some countries are even looking into banning it i.e India. 1 trillion marketcap is undoubtedly a remarkable milestone which will only drive more investors into the crypto space.

Governments can ban and make bitcoin illegal but they did the same with drugs but I didn't see the global drug black market going to 0 after governments made drugs illegal.

If governments made drugs legal the price of drugs in the black market will collapse and put all drug dealers out of business.

In fact banning bitcoin will make bitcoins even more expensive as it will migrate to the black market where the risk of being caught transactions will demand a much higher premium like drugs. Banning bitcoin is futile and people will still use it.

The only way For Governments or Central Banks is to kill Bitcoin is shut off the Internet worldwide or somehow borrow a Quantum Computer off Google to bypass the Bitcoin Encryption quickly.

Talking of Quantum Computers who owns them in this world? I hear Google owns one right?


The 2 most valuable things ever in the universe is the two T's that is Truth & Time.

The truth is the Bitcoin ledger, it cannot be edited or manipulated by someone. Since 12 years ago there's hasn't been 1 transaction mistake in the bitcoin ledger or someone who has fraudulently edited the transaction amount in the btc ledger.

Bitcoin is based on Mathematics fundamentals and for example we can all agree that 2+2=4 with no debate or argument to it from whatever skin colour or religion you are because its the truth and a fact answer that will never change in time.

With Gold for example If I wanted to buy Gold off you and you offered to sell I wont give my money to you straight away because I don't trust you by default hence I get the gold checked and verified to see whether the gold is real not fake before handing my money over to you. Trust is already there in Bitcoin and Time is verifying that trust.

However Time is limited, nothing lasts forever not even Bitcoin. Hence Time is so valuable but without truth theres no time and without time theres no truth.

[moderator's note: consecutive posts merged]