{"id":379255,"date":"2019-04-21T18:00:42","date_gmt":"2019-04-21T18:00:42","guid":{"rendered":"https:\/\/wncen.com\/?p=379255"},"modified":"2024-06-11T07:39:34","modified_gmt":"2024-06-11T07:39:34","slug":"an-unlikely-suspect-may-push-bitcoins-market-cap-to-over-1-trillion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/an-unlikely-suspect-may-push-bitcoins-market-cap-to-over-1-trillion\/","title":{"rendered":"An Unlikely Suspect May Push Bitcoin’s Market Cap to Over $1 Trillion"},"content":{"rendered":"

Although the crypto markets are currently caught in a bout of sideways trading, many analysts and investors are closely watching some newly formed technical levels for insight into where Bitcoin (BTC) is heading next.<\/p>\n

While looking through a long-term lens, however, the recent price gains the markets have incurred will (hopefully) be a drop in the bucket, and one prominent venture capitalist now thinks Bitcoin alone will be worth $1 trillion during the next bull run.<\/p>\n

VC: Bitcoin Bull Run Likely to Bring BTC\u2019s Market Cap Up Towards $1 Trillion<\/strong>\u00a0<\/strong><\/h2>\n

At the time of writing, Bitcoin\u2019s<\/a> market capitalization is roughly $93.4 billion, accounting for 52.8% of the aggregated crypto market\u2019s total capitalization.<\/p>\n

At the height of the late-2017 bull run, BTC\u2019s market cap hit highs of $327 billion, nearly one-third of the coveted $1 trillion level that would be a monumental milestone for the cryptocurrency \u2013 if it were ever to be reached.<\/p>\n

Chris Burniske, a venture capitalist and partner at Placeholder VC, spoke about the likelihood of BTC’s market cap hitting $1 trillion in a recent tweet, explaining that he believes it is a real possibility.<\/p>\n

\u201cLooking at the top 10 cryptoassets at the end of each year makes me think #bitcoin (blue) gets to $1 trillion on its own in the next bull market,\u201d he noted.<\/p><\/blockquote>\n

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Looking at the top 10 cryptoassets at the end of each year makes me think #bitcoin<\/a> (blue) gets to $1 trillion on its own in the next bull market. pic.twitter.com\/75YaGesYxR<\/a><\/p>\n

— Chris Burniske (@cburniske) April 20, 2019<\/a><\/p><\/blockquote>\n