Bitcoin once again, dethrones Amazon to take the 5th most valuable asset in the world. This solidifies bitcoin’s place in the world. It’s not just a niche up and coming technological innovation. It’s an asset that is actually with the big guys. Which speaking of.. Apple is next on the list and potentially might be surpassed by bitcoin soon. Apple has a $3 trillion market cap while bitcoin sits at $2.14 trillion market cap now.
How soon do you think bitcoin can take Apple’s spot and what would be the implications of this for the market?
How soon do you think bitcoin can take Apple’s spot and what would be the implications of this for the market?
I guess if we hit like $150k price then we might see and overtake Apple. And if we double the current price then probably we can chase Microsoft.
Here is the perspective if others wanted to see it,
https://companiesmarketcap.com/assets-by-market-cap/
So everything looks good currently, but we are still looking for bigger price as we might go on another parabolic rise and then we will see what will be the all time high for this year and if we are correct in our prediction that Bitcoin will be at the number 2 spot.
It still wouldn't be for long enough, hehe
Eventually, there will be a decline and the cap will be even lower than Google's, but it's not the case - the case is that BTC would be able to eventually topple anything in its past, being its own thing. It's a valid point though, I mean perhaps what the OP is pointing out is that we are talking about this cycle's bull run.
But then when we reaches the bear market, obviously, numbers are going to be flipped again and we might go and even lose the top 10 spot. So in cases that it will decline, it's understandable for us although that could be a the entry of some perma-bears to shows that Bitcoin is not a good investment.
In any case, so be it, regardless of what numbers we do in this bull run, then we will take it and then look for the next 4 years.