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Author Topic: BTC capitalization 1.29$ trillion  (Read 751 times)

Offline Faisal2202

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Re: BTC capitalization 1.29$ trillion
« Reply #15 on: April 11, 2024, 11:41:54 PM »
P.S. Do you expect BTC, from 9th place, to overtake Silver + Alphabet (Google) in the short term?
Thanks for sharing this useful piece of information, in my POV, BTC has enough potential to overtake the Silver M.cap because the trading volume of BTC in ETFs combined has already crossed the trading volume of Silver, I think it is not trading volume but M.cap CMIIW. Whatever it is, still think BTC has enough potential to cross silver easily. Talking about Google, I can say after some time, like maybe in the next 10 years when the adoption will be 4x or 5x. Well, 4x or 5x is too much because, at the current time, the Market Cap of Google is 1.99 trillion dollars while the M.cap of BTC is 1.4 Dollars.

So, I would say 2x would be enough. I can say at the moment after this stat that the BTC market cap will easily cross the Google market cap. I hope after another cycle it will cross some other big platform's market caps as well. BTC is going nonstop now.
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Re: BTC capitalization 1.29$ trillion
« Reply #15 on: April 11, 2024, 11:41:54 PM »

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Re: BTC capitalization 1.29$ trillion
« Reply #16 on: April 14, 2024, 10:19:07 AM »
I maintain my expectation for 1BTC = $150K-170K in this cycle, meaning that BTC's market cap could reach over $3T and compete directly with Microsoft, Apple, Nvidia, not just Silver or Alphabet. Of course, as the financial market develops, the marketcap of technology stocks will also increase, but BTC will outperform them in terms of price performance. For me, BTC will be in the top-5 market cap in 2025, although it may fall out of the top10 again in the crypto winter of 2026-2027 ^^
Let Silver market cap be the target for ETH, and BTC towards Gold market cap in the long term!
Similar opinion. By the end of this year, should definitely see a price of 85 thousand dollars (minimum), preferably that was broken through the value of 90+ thousand dollars. Of course accompanied by positive news and t.c., because there is no growth without positivity. 

P.S. Again, don't inflate expectations + don't get emotional. Only after time it will be +/- clear who is right. Either way (whoever is the most patient) = makes the most money.  8)
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Re: BTC capitalization 1.29$ trillion
« Reply #18 on: April 24, 2024, 07:44:38 AM »
I am so positive that within this year the price of Bitcoin can possibly touch around $150K and in this scenario BTC will be the number 3 or number 4 in terms of market capitalization beating many big companies and assets in the market. There is that prediction that many years from now, BTC can eventually go beyond gold and be the top asset globally...when that can happen is the question and not if. With the kind of recognition Bitcoin is getting right now and the establishment of many ETFs in the process, the demand is outstripping supply. of course, there will be ups and downs along the way and we should expect them based on the precedents in BTC history but the overall trajectory is quite good and BTC will eventually win above all else. Now, this is just my personal opinion and should not be construed as a financial advice.
Anything can be, I won't argue in that regard. Who knows what will happen in half a year + what will be the news. Big players have absolutely no problem to raise the price to 80 thousand and above. Probably cheating on the schedule, but we should get to 80k this year (I hope so). Halving next week + accepting ETFs not only on btc = similarly will play a positive situation, on the growth of the whole market.

P.S. As always, observe the situation and do not take rash actions that can lead to loss of deposit.  ::)
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Re: BTC capitalization 1.29$ trillion
« Reply #19 on: April 24, 2024, 09:01:00 AM »
Yeah I checked it now, its about 1.4 trillion at the moment. It is quite important to remember that we are a currency tho, not an "asset". Which means that it would be like comparing the "marketcap of us dollars", which makes no sense to be fair.

What you say is incorrect. Most of the world's legislation considers it an asset and the vast majority of people buy it as an asset, not to pay for coffees. It has a minority use as a currency but that does not make it a currency. Even in El Salvador, where it is legally recognised as a currency, it is hardly used for daily expenses. So it makes perfect sense to consider it an asset.
We can prove that with our own ways , that is is hard for us to use our Holdings to pay restaurant (as long as available though in my place it is  very limited that there is accepting bitcoin)
but once we become like EL Salvador then for sure I will use my bitcoin in daily basis.

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Re: BTC capitalization 1.29$ trillion
« Reply #20 on: April 26, 2024, 04:35:37 PM »
We can prove that with our own ways , that is is hard for us to use our Holdings to pay restaurant (as long as available though in my place it is  very limited that there is accepting bitcoin)
but once we become like EL Salvador then for sure I will use my bitcoin in daily basis.


Bitcoin does not have to be a legal tender to be accepted as a means of payment, because in the EU, in no country does Bitcoin have any special status, but there are many places where you can pay with Bitcoin and other cryptocurrencies. What helps is that people simply ask for such a payment method, and those who sell something or offer services simply accept such a payment method - because in the end Bitcoin is a currency that has its own value. Everyone who doesn't understand this actually loses part of the profit because there are always those who would gladly pay for something with Bitcoin if given the opportunity to do so.

On the other hand, what Bukele did in El Salvador is not the way Bitcoin should (can) succeed, because forcing someone to do something they may not want to do is not exactly the best way for something to succeed.
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Offline un_rank

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Re: BTC capitalization 1.29$ trillion
« Reply #21 on: April 26, 2024, 07:44:37 PM »
Anything can be, I won't argue in that regard. Who knows what will happen in half a year + what will be the news. Big players have absolutely no problem to raise the price to 80 thousand and above.
Bitcoin is not as easy to manipulate today as it was 10 years ago. Adoption is very high and holding is decentralized.

You run a huge risk if you are trying to manipulate the market by selling off your coins at a certain price to scare others to sell low and then buy back cheaper.

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Re: BTC capitalization 1.29$ trillion
« Reply #21 on: April 26, 2024, 07:44:37 PM »


Online Agbe

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Re: BTC capitalization 1.29$ trillion
« Reply #22 on: April 26, 2024, 09:57:01 PM »
Bitcoin will overtake them and if care is not taken bitcoin will be the number one asset in the world. Bitcoin has surpassed the All Time High before the halving and it will still hit another all time high again before we will see the dip again and there are different predictions. Some say it will hit $100k while some predict $150k in this coming ATH.

Offline SmartGold01

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Re: BTC capitalization 1.29$ trillion
« Reply #23 on: April 27, 2024, 11:12:41 PM »
Bitcoin will overtake them and if care is not taken bitcoin will be the number one asset in the world. Bitcoin has surpassed the All Time High before the halving and it will still hit another all time high again before we will see the dip again and there are different predictions. Some say it will hit $100k while some predict $150k in this coming ATH.
For this year we can't witnessed any dip again because already we are in a bull run already but from my understand it may like starts fully towards the end of this year or mid next year.
When people speaks about bitcoin hit some certain price, we always know that they are all speculations and no one give exact price of bitcoin but what more? we are hoping for good news to propel the market to the next level where we could see price and be happy.

 

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