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 Author: Shalini Nagarajan. Market Capitalization = (Priceof BTC) x (Totalbitcoins in circulation) Similar to the way the Market Capitalization of a company reflects the perceived worth of its business, the Market Capitalization of Bitcoin Core (BTC) reflects the perceived worth of Bitcoin Core (BTC) as a value network. 1 day ago · Galaxy Digital chief executive Mike Novogratz says Bitcoin’s market capitalization will eclipse Tesla’s by June The head of the digital asset management firm took to Twitter to explain why he believes Bitcoin’s market cap will grow much faster than Tesla’s in the coming months.
Market cap bitcoinsBitcoin Market Cap: ₿uy the Dip and HODL
Then no regrets if you decide you are not going to ride it, like we are riding this frenzy bubble of this new regime that we are in when you are printing more money than we have ever seen before.
What is driving Bitcoin is driving Tesla and Snowflake and every venture back. Please check your inbox or spam folder to confirm your subscription. Thank you. What Is Blockchain? What Does Hodl Mean? December 23, Check Latest News Headlines. Submit a Press Release. Crypto Livewire — Press Releases. Submit a Guest Post. That is about 17 million wallets created since December The exchange saw a broadening of adoption and ownership of crypto assets this year as more people continued to want in on acquiring the token.
As many as million people own crypto assets today, according to Hileman. He noticed a lot of the recent price action was driven by institutional investors, based on transactions that occur on the chain, and is unlike the retail investor frenzy of On-chain demand and other metrics suggest that the rally was driven more by institutional hedge funds, family offices, and money managers.
Hileman expects to see continued buy-in from retail and Wall Street investors going forward, rather than corporates. That's because it is harder for bigger players to participate than professional investors who already have accounts and easy access to major exchanges, he explained. As for the US dollar, the researcher expects the world's most popular reserve currency to be digitized sometime in the next five years. 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.