What will Bitcoin’s market cap be at $100,000 per coin?
When the price of Bitcoin (BTC) suddenly took an upside turn, crossing the psychological threshold of $30,000, its market capitalization grew by more than $35 billion in a single day. Therefore, many people wonder what the market cap would be if Bitcoin reached the price of $100,000.
In fact, the market cap of Bitcoin was $547.49 billion just 24 hours before press time, while it currently stands at $582.52 billion, according to the latest data obtained by cryptocurrency monitoring platform Finbold CoinMarketCap on April 11.
By continuously increasing its market cap and price, not only over the past day, but since the turn of the year, the crypto market and Bitcoin have shown superior strength to fiat currencies, such as the US dollar (USD), the British pound. (GBP), and the Russian ruble (RUB).
What if Bitcoin costs $100,000?
In particular, Bitcoin’s market value directly depends on the price of one BTC and the total number of BTC in circulation. When multiplied, these two numbers give Bitcoin’s market value. Considering that there are currently 19,343,306 BTC in circulation, this means that if Bitcoin were to suddenly rise to $100,000, its market cap would be approximately $1.93 trillion.
If this were to happen right now, Bitcoin would have a higher market cap than many large companies and traditional assets, including silver at $1.41 trillion, Alphabet/Google (NASDAQ: GOOG ) at $1.35 trillion, Amazon ( NASDAQ: AMAZN ) at $1.02 trillion, Berkshire Hathaway (NYSE: BRK.A ) at $688.38 billion, NVIDIA (NASDAQ: NVDA ) at $679.08 billion and Tesla (NASDAQ: TSLA ) at $593.37 billion dollars.
Meanwhile, Bitcoin had already surpassed some of the major companies in market capitalization at its current price. In January, Finbold reported that Bitcoin outperformed all global banks, including JPMorgan Chase (NYSE: JPM ) and Bank of America (NYSE: BAC ). More recently, Visa (NYSE: V ) was also added to the list.
As of now, the decentralized finance (DeFi) flagship is currently trading at the price of $30,207, registering an increase of 6.71% on the day, 8.60% over the week and 47.20% over the last 30 days , as diagrams show.
Disclaimer: The content of this page should not be considered investment advice. Investment is speculative. When you invest, your capital is at risk.
