Bitcoin's market cap is very unstable. It rises as quickly as it falls. So while I don't agree in calling Bitcoin a seasonal bubble, its entering in the top 20 biggest assets by market cap is probably not as consistent as the other companies mentioned.

It is hard for Bitcoin to maintain a rank in this list which is predominantly composed of traditional markets. It's not like companies whose market caps basically reflect their overall performance. In Bitcoin's case, it all purely depends on the demand.

Bitcoin isn't perfect system but it has its own advantage which maybe preferred by the users when they realize the importance of it.But top 20th spot is something great for the crypto community to give more confidence for them while holding bitcoins.

---

Its not about reaching the first rank or higher rank from 20th place but we can say that bitcoin is not something which can be eliminated from the global economy from now on. Well value of bitcoin is more accurate and transparent compared to other companies because the value got from demand and supply and easily accessible for everyone.

Not yet. The investors need to know more details about bitcoin so that they can invest in bitcoin. Bitcoin price is not unstable, and that is the big concern from the investors if they want to invest in bitcoin. The global economy still needs money to solve the problem, and it needs more time for all countries to use bitcoin. But we need to see what will happen after that because bitcoin's journey still has a long time.

Some can hardly imagine how much it is actually $300 billion, but we need to know that every billion is actually 1000 millions. That’s a lot of money, but if we look in some other contexts than it really isn’t, because the often mentioned gold has a market cap of about $9 trillion - and 1 trillion is 1000 billions.

Let's say that Bitcoin will come on the radar of many people and institutions only when the news comes that it has reached that magical $1 trillion market cap. At the moment, we would need a price of around $50 000 for that, and as BTC has moved forward, let no one be surprised if that happens over the next year.


We are witnessing some long-time challengers of Bitcoin ideas changing their minds and there will surely be more of them as time goes on. Still, some will end up in the grave rather than change their minds, but that is still their problem.


Source

Is it the goal of bitcoin, to win over the trust of traditional market investors and change the global economic structure? I don't think so!

Bitcoin was never created to take over the traditional markets or even change the current economic structures. It is impossible for a single currency system to achieve such a huge task! It's indeed a great news that bitcoin is the 20th biggest asset by the market cap but that's not possible for bitcoin to change the economic structure of the world unless there is a nuclear war where majority of the human population is wiped. In a nutshell, the world order needs to fail before bitcoin can take over and that's highly unlikely to happen!

In the long run, it will. But if those die-hard traditional investors don't like to dive to bitcoin, it won't just happen even bitcoin goes to the top 5 biggest global assets.
We don't have to impress them and convince them though. But time will come that there will be several changes in their minds and bandwagoning.

Comparing assets with the numbers of users of a company product...
Ford is ranked below Ferrari, but they produce a hundred times more cars than them.
Why don't you compare bitcoin with something that matches its characteristics? Oh, wait, there is none, so can we stop with those already?


The whole thing you mentioned about volume driving price up is not real, we had volume records even while going down, the number 3 in terms of $ value is the drop from march this year, price fluctuations drive volume up not the other way around.
Anyhow, I'm really curious how will this supply and demand thingy will increase faster...

Yes, Warren Buffet can be the best investor in that modern world but it doesn't mean he is going to be right with every opinion which doesn't fall under his category. Who knows maybe in the next couple of years he may recognize that bitcoin is something which he was wrong about his predictions.

---

At least we are ready to accept it. Which will be helpful for us to get the benefits of bitcoin sooner than mass people finds it.

I'm sorry but traditional investors are quite silly if they see an insanely successful asset such as Bitcoin as a "seasonal bubble". To me, market cap isn't worth that much when it comes to asset comparisons. I value other characteristics way more than mcap.

I don't think market cap is directly proportional to the mainstream adoption. These two don't go that way.

A lot of people see him as if he's some kind of God. Same goes for a lot of other successful people. Success doesn't make you right/perfect. We're all humans and I personally see following others and letting yourself be influenced by them as a quite sad way of thinking. I'd rather think on my own and commit my own mistakes.