Bitcoin

As the price of Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) took a sudden turn to the upside, <a href="https://finbold.com/bitcoin-blasts-through-30k-barrier-experts-predict-whats-next-for-btc/" rel="noopener noreferrer nofollow">crossing the psychological threshold at $30,000</a>, its market capitalization grew by more than $35 billion in a single day. Hence, many wonder what its market cap would be if Bitcoin reached the price of $100,000.Indeed, the market cap of <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> stood at $547.49 billion just 24 hours before press time, while currently, it amounts to $582.52 billion, as per the latest <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">data</a> retrieved by Finbold from the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> monitoring platform <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> on April 11.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6be3449ecc9149e5ab51817762734899.png" />Bitcoin 24-hour market cap chart. Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>By continuously increasing its market cap and price, not just in the past day, but since the year’s turn, the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto market</a> and Bitcoin have demonstrated <a href="https://finbold.com/crypto-market-cap-adds-50-billion-in-a-day-amid-fiat-bloodshed-can-it-reach-2-trillion/" rel="noopener noreferrer nofollow">superior strength</a> to that of fiat currencies, such as the United States Dollar (USD), the British Pound (GBP), and the Russian Ruble (RUB).<h2 id="header-0">What if Bitcoin cost $100,000?</h2>Notably, Bitcoin’s market cap directly depends on the price of one BTC and the total number of BTC in circulation. When multiplied, these two numbers give Bitcoin’s market cap. Considering that there are currently 19,343,306 BTC in circulation, this means that if Bitcoin were to suddenly soar to $100,000, its market cap would be roughly $1.93 trillion.If this were to happen right now, Bitcoin would have a higher market cap than many major companies and traditional assets, including <a href="https://finbold.com/topic/silver/" rel="noopener noreferrer nofollow">silver</a> with a market cap of $1.41 trillion, Alphabet/Google (NASDAQ: <a href="https://finbold.com/guide/how-to-buy-google-stock/" rel="noopener noreferrer nofollow">GOOG</a>) at $1.35 trillion, Amazon (NASDAQ: <a href="https://finbold.com/stock/amazon-amzn/" rel="noopener noreferrer nofollow">AMAZN</a>) at $1.02 trillion, Berkshire Hathaway (NYSE: <a href="https://finbold.com/stock/berkshire-hathaway-inc-stockbrk-a/" rel="noopener noreferrer nofollow">BRK.A</a>) at $688.38 billion, NVIDIA (NASDAQ: <a href="https://finbold.com/stock/nvidia-stock-nvda/" rel="noopener noreferrer nofollow">NVDA</a>) at $679.08 billion, and Tesla (NASDAQ: <a href="https://finbold.com/stock/tesla-tsla/" rel="noopener noreferrer nofollow">TSLA</a>) at $593.37 billion.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/aaf2489896de49d2b03fdfa3b359ffc9.png" />Top assets by market cap. Source: <a href="https://companiesmarketcap.com/assets-by-market-cap/" rel="noopener noreferrer nofollow">CompaniesMarketCap</a>Meanwhile, Bitcoin had already outperformed some of the major companies in market cap at its price as it is. In January, Finbold <a href="https://finbold.com/bitcoin-rally-pushes-btc-to-surpass-all-global-banks-in-market-cap/" rel="noopener noreferrer nofollow">reported</a> on Bitcoin surpassing all global <a href="https://finbold.com/guides/banking/" rel="noopener noreferrer nofollow">banks</a>, including <a href="https://finbold.com/guide/buy-bitcoin-with-chase/" rel="noopener noreferrer nofollow">JPMorgan Chase</a> (NYSE: <a href="https://finbold.com/stock/jpmorgan-chase-stock-jpmj/" rel="noopener noreferrer nofollow">JPM</a>) and Bank of America (NYSE: <a href="https://finbold.com/stock/bank-of-america-stock-bac/" rel="noopener noreferrer nofollow">BAC</a>). More recently, Visa (NYSE: <a href="https://finbold.com/stock/visa-v/" rel="noopener noreferrer nofollow">V</a>) was also <a href="https://finbold.com/banking-crisis-fuels-bitcoin-to-surpass-visa-and-jpmorgan-in-market-capitalization/" rel="noopener noreferrer nofollow">added</a> to the list.As things stand, the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset is currently trading at the price of $30,207, recording an increase of 6.71% on the day, 8.60% across the week, and 47.20% over the past 30 days, as charts demonstrate.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

The trillion-dollar question: What will Bitcoin’s market cap be at $100,000 per coin?

Table of Contents

Finbold

Outros artigos publicados em 13 de abr. de 2023

Metalpha, NextGen Unveil Fund for Institutional, HNW Investors Seeking Crypto Exposure

Dogecoin (DOGE) and Arbitrum (ARB) Take a Back Seat as TMS Network (TMSN) Dominates the Crypto Ma...

Using Decentralized Exchanges Part 1: How to Trade on DEXs

Crypto meets gaming: Zebedee and Bitnob transform rewards in Africa

Sand Dollar Initiative: How To Improve Access to Financial Services in the Bahamas

FTT Up 70% as FTX Mulls a Q2 Reopening

Join our free newsletter for daily crypto updates!