Bitcoin has recently achieved a significant milestone by surpassing silver’s market capitalization, reaching approximately $1.75 trillion. This accomplishment positions Bitcoin as the eighth-largest asset globally, underscoring its growing prominence in the financial landscape.
I did the maths
At $91,150 Bitcoin flips Saudi Aramco
At $109,650 Bitcoin flips Amazon
At $107,280 Bitcoin flips Google
At $156,700 Bitcoin flips Microsoft
At $170,900 Bitcoin flips Apple
At $179,680 Bitcoin flips NVIDEA— Jason A. Williams (@GoingParabolic) November 11, 2024
Bitcoin’s Path to Surpassing Major Corporations
As Bitcoin continues its upward trajectory, it is on the verge of overtaking some of the world’s largest corporations by market capitalization. Here are the price levels at which Bitcoin would surpass these major companies:
- Saudi Aramco: At a Bitcoin price of $91,150, it would surpass Saudi Aramco’s market cap.
- Amazon: A Bitcoin price of $109,650 would place it above Amazon.
- Google (Alphabet): Surpassing Google requires a Bitcoin price of $107,280.
- Microsoft: Bitcoin would need to reach $156,700 to exceed Microsoft’s market cap.
- Apple: To overtake Apple, Bitcoin must achieve a price of $170,900.
- NVIDIA: A Bitcoin price of $179,680 would surpass NVIDIA’s market capitalization.
These figures are based on current market capitalizations and Bitcoin’s circulating supply. It’s important to note that market caps fluctuate due to stock price changes and company valuations.
Factors Influencing Bitcoin’s Market Cap Growth
Several elements contribute to Bitcoin’s potential to surpass these corporate giants:
- Institutional Adoption: Increased interest from institutional investors has significantly boosted Bitcoin’s market cap. Companies like MicroStrategy and Tesla have made substantial investments in Bitcoin, signaling confidence in its long-term value.
- Regulatory Developments: The approval of Bitcoin exchange-traded funds (ETFs) has made it more accessible to a broader range of investors, potentially driving up demand and price.
- Market Sentiment: Positive sentiment, fueled by endorsements from influential figures and growing acceptance as a legitimate asset class, continues to propel Bitcoin’s value.
Challenges Ahead
While Bitcoin’s growth is impressive, several challenges could impact its trajectory:
- Regulatory Uncertainty: Potential changes in government policies and regulations could affect Bitcoin’s adoption and price stability.
- Market Volatility: Bitcoin is known for its price volatility, which can lead to rapid changes in market capitalization.
- Competition: Emerging cryptocurrencies and technological advancements may influence Bitcoin’s dominance in the market.
Bitcoin’s recent achievement of surpassing silver’s market cap marks a significant milestone. As it continues to grow, reaching and surpassing the market capitalizations of major corporations like Apple and Amazon is within the realm of possibility.
Source: https://www.cryptonewsz.com/bitcoin-flip-apple-amazon-google-milestone/