Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Hit 1Trillion Market Cap
by
SaShiRaJaVu
on 20/02/2021, 16:59:32 UTC
The '1 trillion market cap' thing isn't quite true because of the fact that a large proportion of the coins mined early on have been lost, creating artificial scarcity.  However, perhaps the best boost that will come out of this is if Bitcoin approaches the market cap of silver, in which case it'll be difficult to treat Bitcoin based on its original purpose (as a P2P electronic cash system) rather than a digital asset which seems to be how it's most often treated now by speculators.
On papers it is what it is and the lost coins makes it even rarer as millions of coins are lost to Satoshi and then there are multiple millions that are lost due to multiple factors including loosing the password and to hackers, so the total coins will be a few millions less coins when everything is mined and it is already considered as a speculative market and hopefully we will see more companies accepting bitcoin as a currency in the coming years.