When will Bitcoin join Apple, Microsoft and Amazon in the $1 trillion club?

When will Bitcoin join Apple, Microsoft and Amazon in the $1 trillion club?

With a current market cap of $150 billion USD (at the time of writing), is doing pretty well for itself. Fuelled by accessibility, exchanges like are bringing to the masses and creating a convenient entry level to buying and trading the . The once fledgeling (and only) has grown from its incredibly humble roots to be the leading coin at the helm of a empire. So, when is it going to join the likes of Apple, Microsoft and Amazon and cross that $1 trillion USD mark?

Only 11 years since it was founded, Bitcoin is worth $150 billion USD, with one BTC currently going for $8348,89 USD (at the time of writing). If we consider a single BTC to be an asset, how can we compare the prices of Apple, Microsoft and Amazon stocks when they too were 11 years old?

Amazon was founded in 1994, and has since grown into a $1 trillion company. At the end of 2005, Amazon had a market cap of roughly $20 billion USD. Amazon stock was trading for $47 at that time.

Apple was founded in 1976, 11 years later their stock was trading at around $41.50. The company took 42 years to join the $1 trillion club. Finally, Microsoft was founded in 1975, and had stock trading at $21.50 with the overall market cap sitting at around $556 million, 11 years later.

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Comparatively, Bitcoin’s price currently sits at $8348,89 USD a coin, and the overall market cap is $150 billion. At 11 years old Apple, Microsoft and Amazon were all well below Bitcoin in overall growth, even when you account for inflation.

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So, when will Bitcoin join Apple, Microsoft and Amazon in the $1 trillion club?

Chris Burniske, a prominent investor, partner at Placeholder, and former crypto lead at ARK Invest, believes that Bitcoin will reach $1 trillion USD in the next bull market, and he might be onto something. In a recent tweet, Burniske stated, “Looking at the top 10 cryptoassets at the end of each year makes me think #bitcoin (blue) gets to $1 trillion on its own in the next bull market.”

And he’s not the only one. Karim Heiden, a developer with over 27 years of experience, released an article on Medium arguing that Bitcoin would reach $1 trillion if the Bitcoin ETF is approved. He also believes that Bitcoin ETF approval is inevitable, and will be followed by a long bull market – similar to when gold was ETF approved.

In order to reach a $1 trillion USD market cap, Bitcoin (BTC) would need to trade at $58,000 a coin. Considering that the price of BTC has been climbing steadily this year, it wouldn’t be far fetched for it to reach that within the next few years, particularly if we enter a bull market. Furthermore, new Bitcoins are added into circulation every day and the closer we get to the 21 million BTC total supply cap, the more each coin will be worth. Demand for the coin will increase, while supply dwindles – driving prices up.

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Bitcoin has far surpassed Apple, Microsoft and Amazon when it comes to growth over only 11 years. So much so, that none of us would really be surprised if its market cap entered it into the $1 trillion club by the early 2020s. Apple and Amazon both reached the trillion USD mark in 2018, with Microsoft following in 2019. Apple was 42 years old, Amazon was 24 years old, and Microsoft was 44 years old – so Bitcoin is practically a spring chicken in comparison. Whatever happens, we’ve definitely got an exciting few years ahead of us with Bitcoin.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

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