Sep 27, · The ARK Invest analysis finds out that bitcoin trades more like a large-cap stock than a whole asset class. BTC has a higher trading volume than Google and Netflix but lower than Facebook and Amazon. Nonetheless, Bitcoin capturing 10% of gold’s global market will propel it’s network valuation upwards of $1 trillion. So, for now, a $10 trillion market cap by will have to do. At current Bitcoin dominance levels, a $10 trillion total crypto market cap gives a BTC price of around $,, so that’s something to look forward to. Do you think the total crypto market cap will hit a $10 trillion valuation in ? Share your thoughts in the comments below! Dec 19, · Bitcoin has a current market cap of about $ billion, while that of gold's stands at roughly $10 trillion. This week the cryptocurrency gained 12% over two days alone, and was trading at Author: Shalini Nagarajan.
Bitcoin 10 trillion market capFund Manager: Crypto Could Soon Rally 4,% to a $10 Trillion Market Cap
Assuming this behavior continues, we can project a potential peak level above the regression band for the next major bull run. As an example, Cowen projects this happening in , but of course, it could be earlier or later than this, if it happens at all. In this scenario market cap is likely to oscillate within the regression band for a while before starting its climb. The projected price increases in the S2F model happen because of the artificial limiting of supply over time.
The next halving will happen in May this year. Share your thoughts in the comments below! Could you be next big winner? I consent to my submitted data being collected and stored. How will it move against the Bitcoin risks plunging lower in as a Wall Street veteran warns about a 50 percent crash in the stock market. Scott Minerd, the chief investment officer of New York-based Here are the three main reasons why the largest crypto by market All Rights Reserved.
He further states that as many as million individuals across the globe own cryptocurrency today, and that much of the recent rally is being driven largely by institutional players, which are now holding more of a place in the crypto arena. These businesses now see bitcoin as a store of value and are confident that the currency can protect wealth against serious economic turmoil such as inflation.