Bitcoin climbs the stairs
According to Coinglass data, Bitcoin is currently in a frenzy. Since November 1, the world’s largest crypto is up 26.87%. This, even though BTC is in slight decline (4.92%) since its ATH at $93,434.
Due to all this increase, the Bitcoin market cap has strongly revalued to reach heights never reached before.
To go further: Bitcoin price predictions 2024, 2025 and 2030.
In the ranking of assets by market capitalization, the asset continues to gain positions and could soon take on the biggest chunks. The dream is becoming a reality, BTC no longer needs much to overtake Google or Amazon.
After overtaking silver, Bitcoin also (temporarily for the moment) overtook Saudi Aramco before losing this 7th position. Despite everything, there is not much left to go to reach the 2 trillion market cap. After that, Aphabet ($2.14 trillion) and Amazon ($2.23 trillion) aren’t far behind. Considering the latest developments of each, BTC could move to 5th.
How much does it cost to go higher?
In order to surpass 6th and 5th on this list, Bitcoin will have to make an additional effort. First, the piece created by Satoshi Nakamoto will have to exceed $100,000. But still, it will be necessary to reach a price of $108,000 in order to exceed the market capitalization of the company Alphabet (Google).
When it comes to overtaking Amazon, we’re pretty much in the same league. Indeed, since Bitcoin will have to reach a trading price of $112,928.
To go further: buy Bitcoin on Binance.
These two targets seem within reach, unlike the next ones on the list. For Microsoft, the 4th largest market cap in the world ($3.17 trillion), Bitcoin will have to go up a notch. The 2 billion market cap will not be enough since it will be necessary to go up a level. To reach Microsoft’s market cap, the price of BTC will have to rise to $160,000.
Finally, regarding the market cap of Apple and Nvidia, Bitcoin could indeed reach it one day or another. However, it will take BTC to reach a trading price of $173,000 and $183,000. A more than plausible outcome which would make Bitcoin the second asset by market capitalization behind gold.
Moral of the story: some take the elevator, Bitcoin takes the stairs.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
