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?One day it will definitely happen. Just look at the growth dynamics of bitcoin. No asset is growing in price so quickly.
Consequences for the market? I can assume that private investors (as well as institutional ones, who kept their distance from bitcoin) will get rid of their
useless of little use (relative to BTC) assets, such as Apple shares. The growth of bitcoin will not leave anyone indifferent. Which will lead to a decrease in the capitalization of such companies. And where will these investors put their money? Of course, they will invest in bitcoin, which will increase capitalization even more. What happens in communicating vessels will happen. Money from the capitalization of Apple, for example, will go into the capitalization of bitcoin.