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?
Bitcoin has $2T market cap right now, it will make sense to say that before new bull run comes, we will see Bitcoin as the largest asset with valuation and value, there is no assets that is going to be close to Bitcoin but how long will it go and what is it going to be for new people. I want Bitcoin Big but when exactly is Bitcoin going to be affordable for retailers? I feel that time will come when this will become stabilize and there is going to be a narrative created by altcoins project.
You know that over the years, people has always want alts to be like Bitcoin and to be honest, most of the institutions dominate the Bitcoin market, they will want to push that idea to have altcoins market so that altcoins will come a little higher to get money. In addition, there is going to be some altcoins that will want to prove people wrong that they are worth been hold for long time, it wouldn't dump just to create that narrative because Bitcoin is really getting expensive for them.