"That's an astronomical sum, and at this level, some investors are right to think about what a continuation of Bitcoin's past performance would mean for its future market capitalization. If Bitcoin doubled four times over, this is a stock that would be nearly $30 trillion, or nearly half the value of the entire U.S. stock market. Now, there are some investors who think Bitcoin can double before the end of this year."
"A more than doubling of Bitcoin's price to the $250,000 level would imply a valuation of more than $5 trillion. That's within the realm of possibility, considering Nvidia ( NASDAQ:NVDA) is right on the doorstep of that valuation. Now, I think it's important to think about what this means. Bitcoin is now in a race to become not only the most valuable digital asset in the world, but potentially larger than any equity investment in the world,"
Bitcoin's market capitalization sits near $1.8 trillion and some investors target a rise toward $250,000, implying a valuation above $5 trillion. A move to that level would position Bitcoin among the largest global assets and could make it comparable to or larger than leading equities. Recent data show increasing correlation between Bitcoin and major tech stocks such as Nvidia, which is near similar valuations. The macro environment is channeling capital into scarce, high-beta assets described as "digital gold," supporting the case for substantial upside during the current market cycle.
Read at 24/7 Wall St.
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