Bitcoin capitalization surpasses $1T

[MrSpasybo 1049]

Bitcoin continues to hit a major milestone: for the first time in history, Bitcoin's capitalization surpassed $1,000,000,000,000 = $1T!
Not long ago, we celebrated the milestone when the total crypto market cap surpassed $1T, today we celebrate the same milestone dedicated to Bitcoin.

 

 

Perhaps now all doubts about the value of BTC have been resolved. We can confirm that BTC is digital gold!
Compared to the $10.6T gold market cap, Bitcoin's $1,027T market cap is still less than 10%, but that means the opportunity for BTC remains enormous.

Do you think BTC will keep the $1T above capitalization stable? And how long will BTC keep this capitalization?

[Selen_kerbek 0]

 Hello friends .
This program is very exciting and comfortable. I wish you and me good luck and great and high success in this field, and good luck to all.

[abohasnn9 2401]

My friend, a very large amount, the price of Bitcoin is now, and the size of Bitcoin's capital around the world is a huge amount, no.  It is estimated that it is a very large amount, one trillion dollars when the price of Bitcoin was not that great, and now the price of Bitcoin has already doubled and thus the capital has doubled Thank you very much

[MrSpasybo 1049]

22 hours ago, abohasnn9 said:

My friend, a very large amount, the price of Bitcoin is now, and the size of Bitcoin's capital around the world is a huge amount, no.  It is estimated that it is a very large amount, one trillion dollars when the price of Bitcoin was not that great, and now the price of Bitcoin has already doubled and thus the capital has doubled Thank you very much

Thanks for your opinion.

Do you think BTC price will be able to reach $100K after this correction or will Bitcoin lead the entire crypto market into the new crypto winter? Do you trust Bitcoin & Bitcoin's $1T capitalization?

[kryptonick 2659]

Bitcoin is priced a little lower now but that was a huge milestone. I still remember in 2017 being left astonished when Bitcoin reached 100billion market cap. And now it is 10 times higher than that. The market reached at a place we expected and basically we should probably be risking more next time we see the opportunity and hold back less. Maybe we should follow the next two year bear and act better.

[Whited35 15285]

On 2/20/2021 at 1:01 AM, MrSpasybo said:

Do you think BTC will keep the $1T above capitalization stable? And how long will BTC keep this capitalization?

I think yes because potential investors are increasing in rate. Bigger institutions are still discussing to make investments in Bitcoin which could be responsible to push the total marketcap of Bitcoin into the another height. Not only bigger investors including bigger multi-national companies, small retailer investors are also increasing in rate. 

[MrSpasybo 1049]

@kryptonick @Whited35Bitcoin always knows how to surprise us, especially when after each period Bitcoin finds momentum for its development: ICO, IEO, STO, DeFi, NFT, the participation of major financial institutions, acceptance at many payment chains... Bitcoin's capitalization is currently only about 10% of gold, but I wouldn't be surprised if Bitcoin soon reached the capitalization of gold and competed with gold fairly in the war of a reliable asset reserve tool.

[Cleaner 2549]

2 hours ago, Whited35 said:

I think yes because potential investors are increasing in rate. Bigger institutions are still discussing to make investments in Bitcoin which could be responsible to push the total marketcap of Bitcoin into the another height. Not only bigger investors including bigger multi-national companies, small retailer investors are also increasing in rate. 

You are right, the users of Bitcoin are increasing day by day.  And the increase in users means that Bitcoin's investors and traders are growing.  However, the big companies are looking at Bitcoin.  Elon Musk has already invested heavily in Bitcoin.  Bitcoin will go to the top of all markets in the future

[Whited35 15285]

11 hours ago, MrSpasybo said:

Bitcoin's capitalization is currently only about 10% of gold, but I wouldn't be surprised if Bitcoin soon reached the capitalization of gold and competed with gold fairly in the war of a reliable asset reserve tool.

Gold is the excellent store of value and Bitcoin is being recognized as the digital gold. Due to increasing participating nodes on the Bitcoin blockchain network, Bitcoin is becoming more powerful and secure. I think security is the key, so many investors are still trusting in Bitcoin to make the investments. 

11 hours ago, Cleaner said:

You are right, the users of Bitcoin are increasing day by day.  And the increase in users means that Bitcoin's investors and traders are growing.  However, the big companies are looking at Bitcoin.  Elon Musk has already invested heavily in Bitcoin.  Bitcoin will go to the top of all markets in the future

As I have said before, retailer investors are also increasing. Adoption rate of Bitcoin is dramatically increasing that inspire BTC total capitalization to grow up 😀

[Cleaner 2549]

4 hours ago, Whited35 said:

As I have said before, retailer investors are also increasing. Adoption rate of Bitcoin is dramatically increasing that inspire BTC total capitalization to grow up

There are many contributors behind the growth of the Bitcoin market. Bitcoin is breaking all previous records in a very short time. But in a few days Bitcoin will dump.  And then if a user enters Bitcoin, he will benefit.

[Whited35 15285]

40 minutes ago, Cleaner said:

There are many contributors behind the growth of the Bitcoin market. Bitcoin is breaking all previous records in a very short time. But in a few days Bitcoin will dump.  And then if a user enters Bitcoin, he will benefit.

Nothing for sure but if you are talking just about the prediction of Bitcoin market, yes some possibilities are seen, Bitcoin can go to follow a slight bearish trend. I have compiled a topic to let the community know how current slump in the market was appeared. Check https://cryptotalk.org/topic/349842-a-record-high-1b-bitcoin-futures-liquidation/

 

[Rozy 1918]

I like to say that Bitcoin is the digital gold but to be honest it is much more because if you invest in gold there is a chance that you earn around one percent as a yearly profit, but with Bitcoin your investment will gain you much more.

[MrSpasybo 1049]

@Whited35 @Rozy "Digital gold" is the best concept we have found for Bitcoin to make it easier to access the market. Many people cannot understand the technology of blockchain or how to conduct transactions on Bitcoin's network, seeing Bitcoin as gold makes Bitcoin's value & role easier to imagine.
Compared to traditional assets, Bitcoin generates dozens of times more profit, x10 on average every 4 years 🙂

[MrSpasybo 1049]

9 hours ago, Bamallson said:

This is a very good news and I personally believe Bitcoin will not only surpassed another trillion dollars but will also surpassed gold itself with market capitalisation of $10.6T. Its just a matter of time.

@Bamallson Currently, Bitcoin's capitalization is only about $1T, meaning that the price of BTC needs to increase 10 times to be able to surpass the capitalization of gold. So 1 BTC ~ $600K. A pretty high price for this bullrun. I hope we can do this in our next bullrun in 2025.

[MrSpasybo 1049]

1 hour ago, Bamallson said:

I totally agree with you. I believe we can do it in the next bullrun.

@Bamallson If you own BTC, are you willing to hold BTC to wait for 1BTC = $1M in 2025? Or do you think the potential of BTC is just under $100K?
Similar question: do you think about capitalization, can BTC compete with gold or can only compete with silver?