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Author Topic: Milestone reached: Market cap > 100M USD  (Read 1875 times)
gilgil
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August 03, 2012, 06:39:55 PM
 #1

Next milestone 1B USD  Roll Eyes

Bitrated user: gil.
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Raoul Duke
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August 03, 2012, 07:09:41 PM
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deeplink
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August 03, 2012, 07:39:51 PM
 #3

It's already 106M @ USD 11.08 but who's counting?  Grin
Sunny King
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August 04, 2012, 09:54:16 PM
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Congrats but surely this had already been done in June 2011?
deeplink
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August 04, 2012, 10:13:46 PM
 #5

Congrats but surely this had already been done in June 2011?

Yes it did, it reached nearly 200M in June 2011

http://blockchain.info/charts/market-cap?timespan=all
waltmarkers
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August 04, 2012, 11:05:49 PM
 #6

So I think hedge funds might start to get interested when the market cap is $1 billion. Here's why....that would let a fund take a $5 Million position and still only have 0.5% stake. Enough money to be interesting without risking obliterating the market when they want to exit the position.
goxed
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August 05, 2012, 01:04:03 AM
 #7

So I think hedge funds might start to get interested when the market cap is $1 billion. Here's why....that would let a fund take a $5 Million position and still only have 0.5% stake. Enough money to be interesting without risking obliterating the market when they want to exit the position.

The milestone may be short lived

Looking to review Bitcoin / Crypto mining Hardware.
n8rwJeTt8TrrLKPa55eU
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August 05, 2012, 03:16:45 PM
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So I think hedge funds might start to get interested when the market cap is $1 billion. Here's why....that would let a fund take a $5 Million position and still only have 0.5% stake. Enough money to be interesting without risking obliterating the market when they want to exit the position.

Agree, I think crossing the $1B (or $100 per coin) mark is when a change of perception occurs from "experiment/toy/crapshoot" to "viable speculation" for bigger and more conservative money.  To use terminology from stocks, Bitcoin right now is a microcap (between$50M and $300M) , and can't even be considered "small cap" until its market cap is between $300M and $2B.  Midcap would be between $2B and $10B, and large cap above that.  If you assume all 21M coins have been minted, Bitcoin's market cap would finally be considered mature and liquid for the biggest and most conservative money managers if it's also trading at $500 or above.
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