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In December 2014, Bitcoin’s market capitalization was $4.4 billion. This made him an asset of little importance in the financial world. Since then, Bitcoin’s rise has been one of the most impressive in history.
At the time of writing this note, the largest Cryptocurrency has a capitalization just below $2 trillion. This makes it the seventh most valuable asset in the world, even above the Saudi oil company Aramco and silver.
This overwhelming growth in the cryptocurrency’s valuation only leaves it below 6 assets: Gold, Apple, Nvidia, Microsoft, Amazon and Alphabet. The last two companies have a not too significant advantage over Bitcoin in valuation. In that sense, $171 billion is separated from Alphabet (Google’s parent company). Meanwhile, $409 billion is separated from Amazon.
Is it possible that the most popular cryptocurrency will surpass these companies in the short term? If Bitcoin’s rise continues at current strength, the chances of the currency becoming the world’s fifth most valuable asset by 2025 are enormous.
Bitcoin is currently the seventh most valuable asset in the world. Source: Infinite Market Cap
Will Bitcoin’s overwhelming rise continue?
By 2025, analysts and investors expect Bitcoin to continue the strong upward trend. The latter is due to numerous events such as the new regulation and the possible incorporation into the strategic reserves of the United States. These factors, and others, would cause a rapid increase in demand, which would take its price to limits much higher than the current one.
With this context in consideration, the question arises as to what price BTC would need to become the fifth most valuable asset in the world. A simple calculation allows us to determine that the price of Bitcoin needs to reach $120,773 to surpass Amazon, which is in fifth place overall market cap.
Basically, if Amazon’s capitalization remains unchanged at $2.38 billion, Bitcoin’s would reach $2.39 billion when it reaches $120K. For its part, to displace Google and become the sixth most valuable asset, the price of BTC would have to reach $108K.
At the time of writing, the price of the pioneer cryptocurrency is $99,816, data from CoinMarketCap shows. This represents a weekly performance of +2.56%. According to the outlook, the currency should have no problems reaching $108K. Meanwhile, reaching $120K seems a little more complex, at least in the immediate term.
To become the fifth most valuable asset, Bitcoin price requires a further increase of 20.9% from the current point. Considering the current positive outlook, one could say that this would not be a problem, especially considering that in the last month the currency grew by +30.19%.
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