If Bitcoin reaches a six figure price level with 19 million coins in total, that would put its market cap at just under $2 trillion or more, above the largest mega-cap companies in the world today. It would, however, still be a small fraction of 1% of global net worth, and about a fifth of gold’s estimated market capitalization (roughly $10 trillion, back-of-the-envelope), so it’s not unfathomable for Bitcoin to eventually reach that height if there is enough sustained demand for it. During the late-2017 cryptocurrency mania, the total market capitalization of the cryptocurrency space reached over $800 billion, although as previously mentioned, Bitcoin’s share of that briefly fell to under 40% of the asset class, so it peaked at just over $300 billion.bitcoin mmgp capitalization bitcoin
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