If bitcoin hits $150k then bitcoin's market cap will hit $3.2 trillion and this is considered a significant market cap compared to years ago as no one could have expected bitcoin to reach this level . But compared to other assets like gold or the stock market, Bitcoin is still very small and the potential is still huge.
Many people think that bitcoin's capitalization could surpass gold , but I'm not sure and in no rush to confirm that . But with what bitcoin has achieved, I think the 2-3 trillion market cap does not reflect its true value . We already have bitcoin ETFs and bitcoin even has the opportunity to be used as a strategic reserve asset , I think a market cap of over $10 trillion really reflects the true value of bitcoin . But the thing is I don't think that's going to happen anytime soon , it's going to take a long time to get to that level of capitalization . But I think a 3 trillion market cap for this bullrun is not too high .
I have no idea if you think $3.2 Trillion is very small compared to gold and stock market cap.
If Bitcoin has $3.2 Trillion, it means they're now at 4th rank and it's only need $200 Billion more to beat Microsoft and NVIDIA
https://companiesmarketcap.com/assets-by-market-cap/The value of Bitcoin isn't about it's price, but the decentralization, security and pseudonymous.If Bitcoin price rise really high and become second or biggest market cap, Bitcoin might lose it's value since governments and institutions are accumulating Bitcoin as much as they can.
The entire world financial market is worth around 120-150 trillion, while the US market is worth over 50 trillion, gold is worth over 17 trillion, and our crypto market is only worth 3 trillion. Compared to the potential of bitcoin and cryptocurrencies, the fact that their market capitalization is smaller than a company is unacceptable to me.
This is what makes bitcoin special from the rest of the world but how many people do you think will care about this or do people only care about the price of bitcoin? If bitcoin becomes stable, not giving x2, x5 or even x10 returns, how many people do you think will stay with bitcoin? We should be realistic that what people need from bitcoin is price increase and price increase.
Sooner or later, whether we like it or not, bitcoin will become more centralized and will be largely held by institutions like bitcoin ETFs and maybe even governments. I can say that it is inevitable and there is nothing we can do to stop it, other than adapt or leave the game.
