Dec 04, · Market Cap: $,,, 24h Vol: $,,, BTC Dominance: % Cryptocurrencies: 8, Markets: 34, Bitcoin Market Cap Headed to $1 Trillion in , Says Bloomberg Copy Link. Sep 09, · Bitcoin Can Reach $1 Trillion Market Cap & $50k Per BTC. A Crypto analyst writes, Bitcoin could "touch a trillion dollars by ", which equates to around $50, per coin. About. Dec 19, · For bitcoin's market cap to reach $1 trillion, it would have to hit a price of $54, per coin next year - a % rally from where it's at. As for the US dollar, the researcher expects the world Author: Shalini Nagarajan.
1 trillion btc market capBitcoin Can Reach $1 Trillion Market Cap & $50k Per BTC
The status quo is working well for the dollar because it is dominant through the SWIFT mechanism and the corresponding banking system, he said. The US government can also raise debt at attractive interest rates, supporting the dollar's status. But a competitive challenge lies in the crypto space and in the rise of stablecoins. Shalini Nagarajan. Although the bitcoin rally was largely driven by institutional investors, he expects to see continued buy-in more from retail and Wall Street investors going forward.
The researcher expects the US to digitize the dollar, but not too soon as he said "the Fed is happy with the way the world is. Visit Business Insider's homepage for more stories. Read the original article on Business Insider. Indices in This Article. Dow Jones 30, Currency Exchange Rates. Bitcoin just keeps surging and surging, and with no end in sight, many analysts have become major fans over the last few weeks and months.
Some are even claiming that the asset is going to reach new highs that many people never though possible. One of these individuals is Garrick Hileman, the head of research at Blockchain. He says that bitcoin has gained roughly 12 percent in the last 48 hours alone, and that the currency is on the verge of making its way to the top of the financial ladder and proving itself as the ultimate asset.
Not bad considering gold has been around for hundreds of years while bitcoin has been around for only Furthermore, Blockchain. Thus, about 17 million wallets have been established since last December. Hileman is so confident in the prospects of bitcoin that he thinks fiat currencies — including the U. He mentions:.