Jun 20, · To date, retail-focused crypto exchanges have fueled the growth of the crypto market to reach its current market size of $ billion. Although institutional investors are poised to enter the. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that fluctuated between $$ billion in , owing in large part to the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more. Bitcoin cash market capitalization quarterly ; Blockchain, Size of the Bitcoin blockchain from January to December 13, (in gigabytes) Statista, 24crypto.de
Bitcoin size of marketCan Bitcoin Market Cap Hit Higher Than Gold? | Coin Insider
With the recent market cap, Bitcoin in market size grabs a place among the top 15 companies by market cap. Note that the BTC market cap is the value of all circulating Bitcoin tokens in the market.
As the rising COVID cases continue to dampen market sentiments, Bitcoin, on the other hand, continues to attract huge sums of institutional money. In its filing with the U.
The institutional participation in Bitcoin has made it fundamentally stronger than it was ever before. Institutions invest with a long-term perspective and will stay for a longer time. Besides, the institutional purchase usually goes into cold storage creating a supply squeeze.
So as the BTC demand surges, its price is likely to shoot exponentially in the future. On the other hand, Bitcoin continues to decouple itself from Gold. As of yet, bitcoin does not command that level of respect given its wild swings recently. Nonetheless, the rise of cryptocurrencies in of itself suggests that people may be slowly losing faith in money and other traditional measures of wealth, according to Amoros.
Sue Chang is a markets reporter based in San Francisco. Economic Calendar. Retirement Planner. Sign Up Log In. Home Markets In One Chart. In One Chart How big is bitcoin, really? The asset was developed and launched just over a decade ago, and has seen an enormous gain in market cap, trading price, and popularity since inception and it continues to show signs of bullish growth. The gold market in the past decade has remained mostly stable, with the exception of a sharp decline in From there, the precious metal regained its value to see a positive incline in value over the past two years.
Bitcoin has seen a lot more volatility in the past few years than gold, given how the market has been in a constant state of adoption and correction. Bitcoin saw its first spike at the end of , marking its first cycle of increases. Since then, it continued at a reasonably steady rate until midway through last year, where it lost and gained value with characteristic volatility.
Like gold traders, Bitcoin and cryptocurrency traders tend to buy and sell according to numerous factors, including the price of fiat assets and the economic movements of the US Dollar.