Bitcoin is the fastest asset to hit 1 trillion marketcap

[jossiel]

Despite the big drop, bitcoin has now $667B in its market cap. But nevertheless, it's still one of the quickest and best asset that we've got in our time.

People who have been looking to the recent drop of bitcoin and starts to speculate negatively about it, don't really look from where bitcoin started and how it had conquered all of those negative and bearish days.

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[Reatim]

Despite the big drop, bitcoin has now $667B in its market cap. But nevertheless, it's still one of the quickest and best asset that we've got in our time.

681billion dollars as I'm typing now.

this is almost Half of the ATH capitalization last month.

Sounds low but still too far high from the value in 2020 end year.

People who have been looking to the recent drop of bitcoin and starts to speculate negatively about it, don't really look from where bitcoin started and how it had conquered all of those negative and bearish days.

Negative thinking are always there because that's what we Positive thinkers wanted to happen , they Sell we buy that's the scenario and will always be for the market showing its Health and valuable to invest.

[Sithara007]

Despite the big drop, bitcoin has now $667B in its market cap. But nevertheless, it's still one of the quickest and best asset that we've got in our time.

People who have been looking to the recent drop of bitcoin and starts to speculate negatively about it, don't really look from where bitcoin started and how it had conquered all of those negative and bearish days.

Those who complain so much about the crash are forgetting the fact that market cap stood at $150 billion a year ago. For the long term health of the cryptocurrency market, this correction was sort of necessary. Also, a lot of non-serious users, who believe that Bitcoin is a magic wand that can make them millionaires overnight will make their exit. These will be beneficial for the market in the long term. Anyway, for users like me, these short term fluctuations doesn't matter. Because we believe in HODL!

[jaysabi]

Sharing another interesting infographic from visualcapitalist.com

https://www.visualcapitalist.com/bitcoin-is-the-fastest-asset-to-reach-a-1-trillion-market-cap/


as we can see from the data above, Microsoft took 44 years to reach 1 trillion market cap, while Bitcoin took only 12 years!

Unfortunately, Bitcoin could not sustain such prices for long, and now the total market cap is about 650 billion USD. ( 1 trillion marketcap is about 56K USD)
Anyway, that is an impressive milestone for Bitcoin!

This is not an apples to apples comparison. It's comparing an asset category to individual companies. But as long as we're pointing out things that don't matter, bitcoin is also the only one of these assets to lose it's one trillion dollar designation.  Can't point out the hype if you're not gonna acknowledge the pitfalls.

[RealMalatesta]

There were times that people celebrated Bitcoin reaching $1 billion, but this time around you can’t talk about Bitcoin going back to $1 billion market cap because it has passed that level and won’t be going back to that level again. So, this same way that it has reached $1 trillion and dropped back, one day we are going to pass that level once and for all and the market cap won’t drop below that level again, but would rather continue from there and keep on growing really big.

Bitcoin is the way to financial freedom and everyday a lot of people are getting to realize that that’s what it is and they are getting on the train everyday, the community never stops growing.

We moved beyond 1 billion dollar cap not that difficulty though, it took probably a tiny amount of time to get there, it was never a "nobody cares" product, even on the early days there was interest towards bitcoin unlike most new shitcoins we see today. However it took a long time for it to become 1 trillion because let's face it that happened during a period when bitcoin was known all over the world and talked about almost daily, even people who had no crypto investment talked about it with someone once a week because it was such a hot topic, it was trend topic on twitter probably once a day, sometimes changed inside the day itself.

The difference between 1 billion dollars and 1 trillion dollars is around 1 trillion dollars, it is that much difference. Hopefully we will reach 10 trillion dollars and more as well, that will see us above gold and that is a very important step.

[semobo]

Bitcoin is not a company but anyway it was a remarkable achievement though, while the marketcap is a useless metric within the crypto community.
But this chart also shows that how volatile the bitcoin is compared to the other stocks and companies since it almost crashed to half of its all time high value in one month time so people who consider bitcoin as an fast profit investment need to look out its volatility as well.

[jossiel]

Despite the big drop, bitcoin has now $667B in its market cap. But nevertheless, it's still one of the quickest and best asset that we've got in our time.

681billion dollars as I'm typing now.

this is almost Half of the ATH capitalization last month.

Sounds low but still too far high from the value in 2020 end year.

It keeps going down but it doesn't bother nor scare me. That's bitcoin for us and it had given more profit to me than losses by just being cool with what's happening in the surroundings on its market.

People who have been looking to the recent drop of bitcoin and starts to speculate negatively about it, don't really look from where bitcoin started and how it had conquered all of those negative and bearish days.

Negative thinking are always there because that's what we Positive thinkers wanted to happen , they Sell we buy that's the scenario and will always be for the market showing its Health and valuable to invest.

They are giving us cheap bitcoins and that's why whenever the market is going through several corrections and we're one of those people who are buying the dip, we know what we're doing unlike the panic sellers, they don't.

[arallmuus]

Bitcoin is not a company but anyway it was a remarkable achievement though, while the marketcap is a useless metric within the crypto community.

It is an important metric to measure the growth of cryptocurrencies in general. Otherwise how would you measure it? through mass adoption? thats not a thing and the whole world will keep their own currencies instead of adopting crypto. While I understand that some people love to keep on holding their crypto but getting that higher marketcap mark means higher price for cryptocurrencies and bitcoin in particular

But this chart also shows that how volatile the bitcoin is compared to the other stocks and companies since it almost crashed to half

Its not if you use a higher timeframe chart

[Twentyonepaylots]

a lot of factors playing as to why bitcoin reached such a high market cap at a very short period of time relative to other assets available for acquisition. One of which is of course social media. The more people talking about bitcoin and how awesome it is, the more people are compelled to include it in their portfolio. Not to mention the fact that shillers on the internet also exists that could temporarily pump the price of bitcoin.

[Sithara007]

a lot of factors playing as to why bitcoin reached such a high market cap at a very short period of time relative to other assets available for acquisition. One of which is of course social media. The more people talking about bitcoin and how awesome it is, the more people are compelled to include it in their portfolio. Not to mention the fact that shillers on the internet also exists that could temporarily pump the price of bitcoin.

That may be true. But also look in to the growth in global wealth from the 1990s to now. Amazon and Google were established in the 90s, while MSFT was founded two decades prior to that. So naturally, they took a longer duration to reach the $1 trillion market cap. So ideally we should be comparing Bitcoin with those companies, which were founded after 2000 (or more preferably, after 2008). I am talking about stocks such as FB and TSLA, but they are yet to attain the $1 trillion mark.

[semobo]

Bitcoin is not a company but anyway it was a remarkable achievement though, while the marketcap is a useless metric within the crypto community.

It is an important metric to measure the growth of cryptocurrencies in general. Otherwise how would you measure it? through mass adoption? thats not a thing and the whole world will keep their own currencies instead of adopting crypto. While I understand that some people love to keep on holding their crypto but getting that higher marketcap mark means higher price for cryptocurrencies and bitcoin in particular

But this chart also shows that how volatile the bitcoin is compared to the other stocks and companies since it almost crashed to half

Its not if you use a higher timeframe chart

An increase of market cap value doesn't necessarily means it is adopted by mass people, if it actually happened then the volatility should go down from time to time but it doesn't. Rich people started to take the influence over cryptos which boosted the price all of a sudden and when he said stop accepting bitcoin then the value crashed which is not actual adoption which is meant towards the decentralization, all those people were here for quick money.

[Psynthax]

Just wait until it hits $10 trillion market cap in the next rally, maybe seems unrealistic but considering how the market cap increase is rather linear bullrun by bullrun it's really possible that bitcoin market cap could grow ten fold the current amount of its market cap in ATH maybe within the next bullrun or the next two bullrun, we're still at early stage of early adopters and expect to see something a lot more bigger than it is today in the future where the world utilize blockchain based technology that are trustless and decentralized.

[magneto]

To be completely honest, this is a very skewed depiction of growth.

BTC was spawned some 2-3 decades after Microsoft, Apple, and Google. Without adjusting for inflation and the deterioration in purchasing power of the fiat currency, these comparisons are all useless and overstates bitcoin's growth.

And don't get me wrong - growth has certainly been exponential, it's just not to the extent that this infographic boasts imo. But in the future, I do think that as BTC becomes the global reserve currency, we'll see even inflation adjusted growth records being broken by BTC.

[Bellarg]

And the fastest asset that can lost it. Thats the main point of crypto. Fast gains, fast losses

[Sithara007]

Just wait until it hits $10 trillion market cap in the next rally, maybe seems unrealistic but considering how the market cap increase is rather linear bullrun by bullrun it's really possible that bitcoin market cap could grow ten fold the current amount of its market cap in ATH maybe within the next bullrun or the next two bullrun, we're still at early stage of early adopters and expect to see something a lot more bigger than it is today in the future where the world utilize blockchain based technology that are trustless and decentralized.

Market cap of $10 trillion is not unrealistic. The only thing is that we may need to wait until 2025 or 2026 to see that happening. With every passing year, we are witnessing an increase in the user base as well as adoption. This trend will continue in the short term and it is only natural for exchange rates and market cap to go up. There is no other possibility, because Bitcoin is constrained by the principle of controlled supply. It may take one or two bull runs, but eventually we'll overtake gold (in terms of market cap).

[pinggoki]

I am very shock on this because we all know that Bitcoin was the top one cryptocurrency all over the world with a 695 Billion of market cap and having a 18.7 million circulating supply in the market. Just a little push on the bitcoin and it will reach a trillion market cap and I am waiting for this time to come in order for us to be the real fastest asset who reach and hit the 1 trillion market cap on all of the assets and stocks all over the world. This would be probably became a world record.

[bryant.coleman]

And the fastest asset that can lost it. Thats the main point of crypto. Fast gains, fast losses

Let me ask you a question. You invested in an asset for $8000. In 12 months, the price increased to $62,000, but then there was a correction and the prices came down to $36,000. Here my question is - are you still going to complain about the overall returns? Being an investor in cryptocurrency for the last 9 years, I have seen a lot of ups and downs with Bitcoin. I know that correction phases are when we need to hold on to our coins. I would even say that these phases provide us an opportunity to accumulate coins at cheap rates.

[icopress]

[Bitcoin volatility ...] Its not if you use a higher timeframe chart

Well, in truth, this is just an excuse we use for something we can't control ... as I have said many times, most problems take time to resolve, including the "volatility" problem. I think we need at least ten more years, since you yourself can see that BTC already has a fairly decent capitalization, and colossal daily trading volumes, but this still does not give any guarantees of low volatility, (and algorithms that are able to protect the funds of large investors from sudden surges still do not solve the root of the problem).
 

Bitcoin is limited ... there isn't even anything to add here considering that the Fed prints thousands of tons of money every year, for this reason, large institutional investors will also mature soon, (the arrival of which, btw, will smooth out the volatility). [...]

[Anonylz]

Despite the big drop, bitcoin has now $667B in its market cap. But nevertheless, it's still one of the quickest and best asset that we've got in our time.

People who have been looking to the recent drop of bitcoin and starts to speculate negatively about it, don't really look from where bitcoin started and how it had conquered all of those negative and bearish days.

Anytime the price of btc drop like this, market sentiments will kick in, some people have very little faith and too pessimistic to have the courage to hodl,
Some of us should already understand how the market operates, price can not stay up for too long neither will it stay down for ever,  this is what separate long term hodlers from quick profit takers.

[RealMalatesta]

Market cap of $10 trillion is not unrealistic. The only thing is that we may need to wait until 2025 or 2026 to see that happening. With every passing year, we are witnessing an increase in the user base as well as adoption. This trend will continue in the short term and it is only natural for exchange rates and market cap to go up. There is no other possibility, because Bitcoin is constrained by the principle of controlled supply. It may take one or two bull runs, but eventually we'll overtake gold (in terms of market cap).

I guess 10 trillion dollar is possible is a common understanding between all of us, it is just about how much time it will be required until we reach that which is the talk about right now. Which is why I am not sure what is going to happen because I can't give the exact time when it will happen, maybe it will be in 2-3 years, maybe 5 years who knows but I am 100% certain one day it will happen for sure.

This is why I am just buying and holding, I do not care when it will happen because as long as I can ignore all the crashes and corrections and only focus on the future that means one day I will be holding bitcoin when it reaches 10 trillion dollars. It is not easy not to sell when we reach 50% drop, but I am managing it.