Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

The Briefing

  • Bitcoin (BTC) hit a $1 trillion market cap in just 12 years, making it the fastest asset to do so
  • Investor sentiment towards BTC appears to be at extreme bullishness, with the asset adding roughly $500 billion in market cap just in 2021

Bitcoin is the Fastest Asset to Reach $1 Trillion

The world is moving forward at an accelerated pace. Historically, it’s taken multiple decades for companies to be worth $1 trillion. For bitcoin, it took just 12 short years to reach such a milestone.

To help put things into perspective, here’s a look at how long it took America’s biggest tech companies to reach the $1 trillion market cap.

Asset Time To Reach $1 Trillion Current Market Cap
Microsoft 44 years $1.9 trillion
Apple 42 years $2.2 trillion
Amazon 24 years $1.7 trillion
Google 21 years $1.5 trillion
Bitcoin 12 years $1.1 trillion

Market caps as of April 12, 2021

Extreme Bullish Sentiment

Bitcoin has been subject to widespread commotion in markets.

At the start of 2021, the cryptocurrency had a more modest market cap of $500 billion, but has gained more than another $500 billion since. An onslaught of headlines has contributed to extremely bullish investor sentiment, including:

1. CEOs begin to show interest
Elon Musk and Jack Dorsey have made sizable investments in bitcoin through Tesla and Square, respectively. It’s estimated the gain from Tesla’s $1.5 billion bitcoin investment was greater than the profits from the entirety of their business in 2020.

2. New ETFs on the block
Multiple Bitcoin ETFs focused were recently approved by Canadian regulators and some have already launched on the Toronto Stock Exchange (TSX). For many years, the Grayscale Bitcoin Trust (GBTC) was the only readily accessible investment vehicle trading on equity markets that had exposure to BTC.

3. Financial institutions finally joining in?
MastercardVisa, and Bank of New York Mellon have made announcements to make it easier for customers to use cryptocurrenciesT.

 

Bitcoin fastest asset to $1 trillion

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On to the Next Trillion?

Future projections for the price of bitcoin are garnering more extreme and widening price targets.

 

The accelerated rate of change today has many of the Big Tech companies already inching closer to the next trillion in value. Will bitcoin follow suit?

By Aran Ali

https://www.visualcapitalist.com/bitcoin-is-the-fastest-asset-to-reach-a-1-trillion-market-cap/

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Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

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Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

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Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

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Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

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Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

The Briefing

  • Bitcoin (BTC) hit a $1 trillion market cap in just 12 years, making it the fastest asset to do so
  • Investor sentiment towards BTC appears to be at extreme bullishness, with the asset adding roughly $500 billion in market cap just in 2021

Bitcoin is the Fastest Asset to Reach $1 Trillion

The world is moving forward at an accelerated pace. Historically, it’s taken multiple decades for companies to be worth $1 trillion. For bitcoin, it took just 12 short years to reach such a milestone.

To help put things into perspective, here’s a look at how long it took America’s biggest tech companies to reach the $1 trillion market cap.

Asset Time To Reach $1 Trillion Current Market Cap
Microsoft 44 years $1.9 trillion
Apple 42 years $2.2 trillion
Amazon 24 years $1.7 trillion
Google 21 years $1.5 trillion
Bitcoin 12 years $1.1 trillion

Market caps as of April 12, 2021

Extreme Bullish Sentiment

Bitcoin has been subject to widespread commotion in markets.

At the start of 2021, the cryptocurrency had a more modest market cap of $500 billion, but has gained more than another $500 billion since. An onslaught of headlines has contributed to extremely bullish investor sentiment, including:

1. CEOs begin to show interest
Elon Musk and Jack Dorsey have made sizable investments in bitcoin through Tesla and Square, respectively. It’s estimated the gain from Tesla’s $1.5 billion bitcoin investment was greater than the profits from the entirety of their business in 2020.

2. New ETFs on the block
Multiple Bitcoin ETFs focused were recently approved by Canadian regulators and some have already launched on the Toronto Stock Exchange (TSX). For many years, the Grayscale Bitcoin Trust (GBTC) was the only readily accessible investment vehicle trading on equity markets that had exposure to BTC.

3. Financial institutions finally joining in?
MastercardVisa, and Bank of New York Mellon have made announcements to make it easier for customers to use cryptocurrenciesT.

 

Bitcoin fastest asset to $1 trillion

weShare

On to the Next Trillion?

Future projections for the price of bitcoin are garnering more extreme and widening price targets.

 

The accelerated rate of change today has many of the Big Tech companies already inching closer to the next trillion in value. Will bitcoin follow suit?

By Aran Ali

https://www.visualcapitalist.com/bitcoin-is-the-fastest-asset-to-reach-a-1-trillion-market-cap/

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Twitter
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Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

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Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

Advertisement

Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

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Despite the recent decline in Bitcoin’s value, Bitcoin’s rise over the past 10 years is impressive.

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