Bitcoin is now a TRILLION dollar asset!

[Twinkledoe]

Bitcoin has come a long way. When it was first traded in an exchange (New Liberty Standard), the exchange rates were $1 = 1,300 BTC. Now the prices have risen by more than 60,000,000 times. No asset (equity, bullion, real estate.etc) in the history of mankind has given this sort of returns. I have heard about 100 times or even 1,000 times return. But 60 million times?

I will tell about an incident which comes close. Back in 1998, Larry Page and Sergey Brin offered to sell Google to Excite for $750,000. But their proposal was then rejected by Vinod Khosla and George Bell. The current market capitalization of Google is $1.41 trillion, which represents an increase of 1.88 million times. This is the most extreme case I have seen from the stock market. But even that doesn't come close to that of Bitcoin.

Bitcoin's performance in the market is really impressive. And this pandemic crisis even helped a lot in what we are achieving today. The fact is, this pandemic brought a lot of adoption to users as we move to cashless payments to avoid fiat payments. 5 years from now, it would be interesting how bitcoin will be in the market. Will still be the top cryptocurrency in the market?

[Lucius]

Did he make it happen is the golden question?

It can be said that in part he is certainly responsible for the success that BTC has achieved over the years - back in 2014, he bought as many as 30 000 BTC which he paid only $18 million. Some people like Winklevoss twins or Tim Draper realized much before others what potential BTC has, unlike all the others who have only just begun to realize this in late 2017 or back in the last few months.

These early visionaries were (and still are) true believers in Bitcoin - not only in terms of investing for profit, but in terms of the technology that drives the project. People laughed at them and said that BTC would fail, and today these same people speak completely differently - fortunately some of them are honest and admit that they were wrong.

[LUCKMCFLY]

Did he make it happen is the golden question?

It can be said that in part he is certainly responsible for the success that BTC has achieved over the years - back in 2014, he bought as many as 30 000 BTC which he paid only $18 million. Some people like Winklevoss twins or Tim Draper realized much before others what potential BTC has, unlike all the others who have only just begun to realize this in late 2017 or back in the last few months.

These early visionaries were (and still are) true believers in Bitcoin - not only in terms of investing for profit, but in terms of the technology that drives the project. People laughed at them and said that BTC would fail, and today these same people speak completely differently - fortunately some of them are honest and admit that they were wrong.

I totally agree with early Bitcoin believers, however other Bitcoin believers have only complained because they claim that Bitcoin became an asset out of mere speculation and the sense of technology was lost, I don't remember which article it refers to , but one day I said it in WO.

But I think those who think like that must have imagined that Bitcoin would reach great prices, and that obviously most people were going to enter for the money, this is something that cannot be ruled out, however believers today are buying in large quantities. This is why we have more and more new ATHs, this without taking into account the large number of people who are buying due to the emotions that some leaders like Elon Musk have only tweeted from their account.

[7788bitcoin]

I totally agree with early Bitcoin believers, however other Bitcoin believers have only complained because they claim that Bitcoin became an asset out of mere speculation and the sense of technology was lost, I don't remember which article it refers to , but one day I said it in WO.

It is a fact that the bitcoin market and the entire cryptocurrency market has became a speculation market and these valuations we are seeing right now i am not expecting that to hold on to those valuations next year as we will have a correction and we might even go below $20k and the process off pumping and dumping will continue and these valuations are not making the technology any better.

  This is why we have more and more new ATHs, this without taking into account the large number of people who are buying due to the emotions that some leaders like Elon Musk have only tweeted from their account.

It is not emotions but the greed of making money with every pump in a bull market and i am not against it, all you need is to be careful because when you think you figured out the market the market could come down hard on you .

[AliMan]

High $53k's right now and its right at $1 trillion market cap!

When i first bought Bitcoin in Nov 2013 it was about $10 billion. now a trillion!

Awesome market cap ever, and this is the best proof for those people who doesn't recognize bitcoin as trusted asset. They've been slapped so hard with this capabilities of bitcoin. All controversial issues, that it's scam or whatever fud ran by manipulators were all gone.
Trillion cap is somehow unbelievable, but let's face reality if it and embrace.

[fadhilz123]

I joined here when the market cap was $4.6bn... Doubt we'd have believed anyone bitcoin would do 24500% in that (fairly) short time of 6 years...

It's an impressive high and it doesn't look like we're losing momentum either (2 trillion+ feels quite likely now - or 6 ). 

Totally see $2 trillion and potentially even $3 trillion (though perhaps for a very short time/peak) happening this year. Far higher in the years to come though

I think we must focus on $2Trilion first and it's just about time, For 1 trillion we can reach it around ten years after Bitcoin launched.'
And for $2 trillion, I think we don't need to wait until ten years too, but maybe only need 5years-6years. Because Bitcoin is more famous and the price already so high, so will be easy to reach $1T again rather than before

[Sled]

High $53k's right now and its right at $1 trillion market cap!

When i first bought Bitcoin in Nov 2013 it was about $10 billion. now a trillion!

Awesome market cap ever, and this is the best proof for those people who doesn't recognize bitcoin as trusted asset. They've been slapped so hard with this capabilities of bitcoin. All controversial issues, that it's scam or whatever fud ran by manipulators were all gone.
Trillion cap is somehow unbelievable, but let's face reality if it and embrace.

That really something to happen, it expected to see as the market keep growing, massive growth of crypto users, it all just to go like this and probably to increase faster as what we think. There are a lot of changes that could just happen in 1 year, everything is a surprise and full of wonder. And this is to justify that Bitcoin has closer to its goal and soon, it is finally be considered digital money, not an investment.

[SquallLeonhart]

It can be said that in part he is certainly responsible for the success that BTC has achieved over the years - back in 2014, he bought as many as 30 000 BTC which he paid only $18 million. Some people like Winklevoss twins or Tim Draper realized much before others what potential BTC has, unlike all the others who have only just begun to realize this in late 2017 or back in the last few months.

These early visionaries were (and still are) true believers in Bitcoin - not only in terms of investing for profit, but in terms of the technology that drives the project. People laughed at them and said that BTC would fail, and today these same people speak completely differently - fortunately some of them are honest and admit that they were wrong.

Interestingly Winklevoss twins said they had as much as 400k bitcoins as well, this wasn't directly by them I think, it was some other people who shared information regarding how much winklevii had, I do not know how much exactly they have, but we all know they used tens of millions of dollars from their facebook settlement money on buying bitcoin and they are easily billionaires now, they are getting closer to Mark as well and if one day they pass mark that would be very very funny.

Obviously Mark worths nearly 100 billion dollars whereas Winklevoss twins worth about few billion dollars so there is a long way to go, but in case facebook drops a bit while bitcoin increases a lot, we could actually see Winklevoss twins becoming richer than Mark and that day will be a much celebrated day for sure, without a doubt. Everyone hates Mark and we do like Winklevoss twins who supported bitcoin way before anyone else did.

[yohananaomi]

Bitcoin's performance in the market is really impressive. And this pandemic crisis even helped a lot in what we are achieving today. The fact is, this pandemic brought a lot of adoption to users as we move to cashless payments to avoid fiat payments. 5 years from now, it would be interesting how bitcoin will be in the market. Will still be the top cryptocurrency in the market?

We cannot deny that, the pandemic crisis does not have a direct impact on the existence and trade of bitcoin, but it transmits a good way to avoid using paper money because it is alleged that paper money is the spread of the pandemic as well. so that the transaction method has been adopted by many companies to form digital money in each country.

as long as there is crypto, it is clear that bitcoin will be the best because individual investors, large companies, brokers are still holding it and making future investments. so that we can be sure that it will remain the best and maybe even grow a lot of potential new altcoins due to the increasing movement of bitcoin.

[Psynthax]

High $53k's right now and its right at $1 trillion market cap!

When i first bought Bitcoin in Nov 2013 it was about $10 billion. now a trillion!

You are right. When the price of bitcoin at a billion, no one cares about the investment. When the price reached of trillion. Many new comers of the trade came to exist.But the thing is the long term holders since 2013 was a real king now.When they brought with maximum price at billion is doesn't matter.But now it's at a trillion dollar, surely he get a good amount profit.

Isn't it always like that, when Apple stocks and the like were still in low market cap no one bats an eye but once they become among the top corporations people start latching onto it. It's just how people's mind works always underestimate something at the beginning and regrets when things already happened beyond their expectation.
Same thing with crypto, crypto always being accused of being a tool for scamming in the past by the people who lack knowledge but turns out it becomes such a huge thing a decade later.

[Questat]

Congratulations to us, without us supporting bitcoin this will not be achieved.

I'm kinda late in celebrating it, I was also monitoring the price of bitcoin but I failed to look at the total marketcap and this thread reminds me of that big achievement, thank you and once again I'm congratulating everyone for making it happen, especially the institutional investors.

[peter0425]

High $53k's right now and its right at $1 trillion market cap!

Slowly fell a bit these past weeks , but back in 2017 we are just praying for the whole market cap to reach 1 trillion but now Bitcoin alone had break this amount.

When i first bought Bitcoin in Nov 2013 it was about $10 billion. now a trillion!

Wow , meaning you are a Millionaire now?

[Renampun]

High $53k's right now and its right at $1 trillion market cap!

When i first bought Bitcoin in Nov 2013 it was about $10 billion. now a trillion!

$ 1 trillion = $ 1000 billion, which means 100x since you bought it the first time...
we will see the big surprise that Bitcoin makes again in the next few years, maybe in 5 years, the market cap of BTC will be $ 100 trillion. *who know