Bitcoin is the fastest asset to hit 1 trillion marketcap

[Bitstar_coin]

Indeed btc is the fastest growing asset we have in the market, only a decade ago since btc was created and already achieve so much, the mc maybe low compare to what it use to be in few weeks back but knowing how btc is growing fast, in 2 to 3 years to come am sure the market cap will even be much higher, am not worried about this current price and my because I know the best is yet to come, so I hodl.

[1714639379]

1714639379

[arallmuus]

-snip

An increase of market cap value doesn't necessarily means it is adopted by mass people

I didnt write anything about higher marketcap value means it was adopted by mass. I wrote that it was an important metric to measure the growth of crypto which I actually refer to higher prices.

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.

It has happened a lot of times since the first halving and its not new. Back then a single FUD from China's statement about bitcoin would destroy it current ATH and now we have Elon Musk the-know-it-all that tweet nonsense stuff about crypto yet people believe him. Wether you like it or not, all those people that are here for some quick money, helps pump up the price and I think its good

I'd rather see bitcoin's price at the current 30k ish rather than below 10k tbh

[ene1980]

It has happened a lot of times since the first halving and its not new. Back then a single FUD from China's statement about bitcoin would destroy it current ATH and now we have Elon Musk the-know-it-all that tweet nonsense stuff about crypto yet people believe him. Wether you like it or not, all those people that are here for some quick money, helps pump up the price and I think its good

Do you really think that majority are believing everything Elon Musk is tweeting, it has become a trend and i do not following him to believe everything he says but whenever he tries to created these kind of hype i usually jump into what he is trying to achieve to ride the rally. I understand the risk involved but i think it is not a huge deal to test with a couple of hundred Euros.

I'd rather see bitcoin's price at the current 30k ish rather than below 10k tbh

I would rather like to see the market going down further than $30k ish simply because i want to see the same rally yet again from a very lower valuation to its present all time high valuation and give me the opportunity to book my huge profit unlike any other market  .

[arallmuus]

-snip

Do you really think that majority are believing everything Elon Musk is tweeting

Most might not but wether you like it or not, his useless tweet were one of the factor that drives up the price. We were basically stuck at around 40k per bitcoin iirc back then in late March and one of the reason that the bull rally continue was because Tesla made an announcement that they were accepting bitcoin.

That positive news literally made the entire marketcap increase by around 600 - 800 millions . It was around 1.6 Trillion marketcap at late March before the announcement and I think it peaked around 2.4 Trillion

to book my huge profit unlike any other market  .

I bought some of my holdings quite cheap though so yeah Im enjoying this rally eventhough it goes down either way  

[Psynthax]

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.

We gonna hit that in short amount of time and what I mean by short amount of time is less than a decade I think, remember the market become this big just in one decade, what's holding it from reaching such market cap if the adoption has increased right now compared to it was before but many
potential adopters of crypto still left untouched, that means we gonna see a lot speedier crypto adoption around the world and the recent various innovations coming up to the blockchain space also contribute to double the adoption. We just need one more thing that gives huge benefit to end users more and we're set for another massive bull run.

[bryant.coleman]

Indeed btc is the fastest growing asset we have in the market, only a decade ago since btc was created and already achieve so much, the mc maybe low compare to what it use to be in few weeks back but knowing how btc is growing fast, in 2 to 3 years to come am sure the market cap will even be much higher, am not worried about this current price and my because I know the best is yet to come, so I hodl.

Ever since Bitcoin was created (2009), Bitcoin has given a positive return for every year until now. If you had purchased your coins anytime from 2009 to 2020, you will be in a profit right now (and that is despite the recent correction, in which the prices went down by 40% to 50%). And what more proof you need to do long term hold? Ultimately Bitcoin is going to make us very very rich (in case you are not rich from your investments in Bitcoin till now). All you need to do is to hold on to your coins for another 5-6 years.

[awik p]

Indeed btc is the fastest growing asset we have in the market, only a decade ago since btc was created and already achieve so much, the mc maybe low compare to what it use to be in few weeks back but knowing how btc is growing fast, in 2 to 3 years to come am sure the market cap will even be much higher, am not worried about this current price and my because I know the best is yet to come, so I hodl.

Ever since Bitcoin was created (2009), Bitcoin has given a positive return for every year until now. If you had purchased your coins anytime from 2009 to 2020, you will be in a profit right now (and that is despite the recent correction, in which the prices went down by 40% to 50%). And what more proof you need to do long term hold? Ultimately Bitcoin is going to make us very very rich (in case you are not rich from your investments in Bitcoin till now). All you need to do is to hold on to your coins for another 5-6 years.

indeed we must instill thoughts like yours. when there is a big correction, we have to start investing and let it go in the next few years. things like this are not easy, even though they seem easy, because we let our assets in the next few years, of course, the more often we look at charts, there will be a lot of inner war in our psychology to do something

[Vishnu.Reang]

indeed we must instill thoughts like yours. when there is a big correction, we have to start investing and let it go in the next few years. things like this are not easy, even though they seem easy, because we let our assets in the next few years, of course, the more often we look at charts, there will be a lot of inner war in our psychology to do something

I have noticed one thing. Most of the investors don't panic when their stocks go down by 10% or even 20%. But the same people get in to panic mode, whenever their crypto holdings go down by 10% or 20%. Why this different approach for different assets? If you want to get good profits from cryptocurrency, the first thing that you need to do is to stay away from panic selling. Other important things to do is to ignore shitcoins and scam projects, and to keep your holdings secure.

[wxa7115]

That is impressive but with all fairness to those companies reaching one trillion dollars is way easier now than what it was decades ago, after all a great deal of money was printed last year and this has been true during the last decade as well.

I think a more fair way to compare assets is if we use the average yearly rate of growth of each asset, if bitcoin still comes up as the first place in that kind of graphic then this will be a better way to measure the exceptional growth of bitcoin over other assets.

The huge market cap is one of the disadvantages now. Many of the noobs are choosing to invest in newer shitcoins with smaller market cap, because they believe that Bitcoin is already having a market cap of close to $1 trillion and therefore any appreciation in the prices will be more muted. The sort of returns that the early investors received from Bitcoin can't be expected by the recent investors. And that is true with any asset, and not just Bitcoin or other cryptocurrencies.

It is a disadvantage but at the end of the day they are the ones that are going to suffer from it and not us, institutional investors for the most part understand this which is why they invest in bitcoin only, retail investors on the other hand see the market cap and the price of bitcoin and while they know they can still get profits they get seduced by the promises of altcoins.

We know that a few of them will actually make more money but the vast majority are going to lose everything they have in the process and for some reason blame bitcoin in the process, and while this is sad they were the ones to take such decision and as such they need to learn to live with the consequences of their actions.

[StonerStanley]

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!

Nothing impressive, it's the result of wash trading, market manipulation, and people who are investing without knowing anything but want to be rich very fast.
You can't manipulate Microsoft market as easy as Bitcoin market.

I would be interested to know the marketcap without all this, and to know what would happen if people were investing into all those better cryptocurrencies than Bitcoin is but that most people don't know. Bitcoin would probaly not even cost 20k. Most medias are only talking about Bitcoin, price of bitcoin is nothing based on technology and reason but only hype and craziness, otherwise Ethereum and Dash would cost more than Bitcoin, that's a fact. Today, Bitcoin is the most popular cryptocurrency with the most unadvanced developpement and technology, this is what you should talk instead of money/marketcap.

[perryxi2]

This is not a perfect comparison because the situation of Bitcoin and other companies is not the same, but we still have to admit that Bitcoin is an asset that gives us a huge profit big.

[Sithara007]

It is a disadvantage but at the end of the day they are the ones that are going to suffer from it and not us, institutional investors for the most part understand this which is why they invest in bitcoin only, retail investors on the other hand see the market cap and the price of bitcoin and while they know they can still get profits they get seduced by the promises of altcoins.

We know that a few of them will actually make more money but the vast majority are going to lose everything they have in the process and for some reason blame bitcoin in the process, and while this is sad they were the ones to take such decision and as such they need to learn to live with the consequences of their actions.

Altcoins are still in the bubble zone and the situation may remain like that for some time before the bubble bursts. When the correction occurred two weeks ago, I was thinking that it will result in many of the altcoins going back to the fair valuation. But that never happened. There was not much change in the Bitcoin dominance, which means that the altcoin market share remained unchanged. Those who do enough research knows about this and they would prefer Bitcoin for investment. But some of the new users may go for shitcoins such as XRP and DOGE, influenced by the massive propaganda that is being unleashed in the social media.

[wahyu wida]

It is a disadvantage but at the end of the day they are the ones that are going to suffer from it and not us, institutional investors for the most part understand this which is why they invest in bitcoin only, retail investors on the other hand see the market cap and the price of bitcoin and while they know they can still get profits they get seduced by the promises of altcoins.

We know that a few of them will actually make more money but the vast majority are going to lose everything they have in the process and for some reason blame bitcoin in the process, and while this is sad they were the ones to take such decision and as such they need to learn to live with the consequences of their actions.

Altcoins are still in the bubble zone and the situation may remain like that for some time before the bubble bursts. When the correction occurred two weeks ago, I was thinking that it will result in many of the altcoins going back to the fair valuation. But that never happened. There was not much change in the Bitcoin dominance, which means that the altcoin market share remained unchanged. Those who do enough research knows about this and they would prefer Bitcoin for investment. But some of the new users may go for shitcoins such as XRP and DOGE, influenced by the massive propaganda that is being unleashed in the social media.

they are like food for the whales. with the incessant news circulating, of course, it will affect the psychology of novice traders to follow the direction of the news, and finally the market is dropped until many traders cry. therefore of course it will be safer to invest in bitcoin, especially if it is planned for the long term

[Shenzou]

Having bitcoin reach the 1 trillion market cap this early siçnce its launch is only a sign of how much potential and how big it could become ine the future, and even though pople having second guesses about it every time the price goes down it still proves them wrong but coming back even stronger than before, especialy in the past 2 years where cryptocurrency gained a lot of attention and a lot of investors and major companies have started acknowledging it, and i am pretty sue that a year or 2 from now bitcoin will reach a new milestone.

[tygeade]

That's really fast, and it is not going to stop increasing like this and reaching new market caps all the time.
This steady increase in price will be giving a lot of people the courage to start investing in cryptocurrency, most especially bitcoin, so we should be getting ready to see more increase than this.

And for the fact that bitcoin is not like all these institutions/companies and everyone is free to invest in it means that it is going to be really huge more than all these companies combined. Let's just be looking forward to that huge growth, those that invest now are the ones that are going to benefit from it then.

[bocyaj]

The reason is bitcoin alone a known cryptocurrency to most of people over a decade.So the trading volume for the bitcoin will be huge compared to other cryptocurrency.The reason for the more users in bitcoin compared to other coin,volume is one of the reason.We may see,the Ethereum will reach this peak in near future.

[Sithara007]

The reason is bitcoin alone a known cryptocurrency to most of people over a decade.So the trading volume for the bitcoin will be huge compared to other cryptocurrency.The reason for the more users in bitcoin compared to other coin,volume is one of the reason.We may see,the Ethereum will reach this peak in near future.

The trade volumes in many of the exchanges are inflated, and I won't go with those numbers. And the level of over-reporting is especially high for the altcoins. For many of the alts, the real trade volume may be just 10% or 20% of the reported numbers. And a higher trade volume doesn't necessarily translate to a higher market cap. On the other hand, in many cases it may be a sign that heavy manipulation is going on. And regarding Ethereum, I don't have much hope. The developers are simply not interested in resolving the issues on time.

[Smartvirus]

This is one of the reasons why bitcoin is hated by a few of the billionaired out there and have earned it a lot of hate speech. As its said that bitcoin doesn't follow any form of arithmetic progression and its not a sustainable investment. I hate to questionnaire the ideas and expertise of these guys but, it gives me a reason to think that, they see bitcoin more as a competition more than a fair means of exchange for which it is.

I think a more fair way to compare assets is if we use the average yearly rate of growth of each asset, if bitcoin still comes up as the first place in that kind of graphic then this will be a better way to measure the exceptional growth of bitcoin over other assets.

Your right on this. Becuase, looking at it from its origin when the challenges were really tough won't tell the whole story. Information channels of the 90's and today are relatively distinct and we all know how information plays a vital role in the growth of a business or investment plan. A yearly comparison brings the whole to a level field.

[shushu9977]

Microsoft, Apple, Amazon, Google all of the are the greatest and powerful industry in the modern era. But, Bitcoin is a great technology and fastest hit 1 trillion marketcap within 12 years. Where as, Microsoft, Apple, Amazon, Google are hit 1 trillion marketcap many years as we see the chart. So, we can little observe that after 10 years Bitcoin will be the available every country which is very dominating and wonderful position without any doubt.

[ShowOff]

It's hard to see bitcoin's price holding its high any longer due to its volatility. The bullish trend will very quickly affect the market capitalization and the bearish trend will also do the same. But the achievement that bitcoin has made are impressive even if they don't last long. So, if bitcoin can reach 1 trillion marketcap in 12 years, then it is still possible to see it reach 2 trillion in 24 years due to its future potential.