Bitcoin price hits $54K, reaching a $1T market cap faster than Amazon and Google

Within the last hour, Bitcoins market capitalization pushed above the $1 trillion level. While Bitcoin might have begun as a simple curiosity in 2009, it just took it 12 years to become a global asset with a $1 trillion market capitalization.For those unfamiliar with Bitcoins special cost history, 10,000 BTC were auctioned at the Bitcointalk.org forum in March 2010 for $50, however no purchaser was found.Two months later on, Laszlo Hanyecz bought two pizzas for 10,000 BTC, and the rest is history. Google released in September 1998, and 22 years later on (January 2020) the company crossed the $1 trillion mark.Will Bitcoin overtake gold next?Golds market capitalization crossed $1 trillion in 1972 according to inflation-adjusted numbers.

Within the last hour, Bitcoins market capitalization pressed above the $1 trillion level. While Bitcoin might have started as a mere interest in 2009, it only took it 12 years to end up being a worldwide asset with a $1 trillion market capitalization.For those unknown with Bitcoins distinct rate history, 10,000 BTC were auctioned at the Bitcointalk.org forum in March 2010 for $50, however no purchaser was found.Two months later, Laszlo Hanyecz purchased two pizzas for 10,000 BTC, and the rest is history. Hence, during its first sixteen months of existence, Bitcoin was something in between a collectible with no monetary value and an experiment among enthusiasts.Gold and silver have a much longer historyLargest international properties ranking by market capitalization. Google released in September 1998, and 22 years later on (January 2020) the company crossed the $1 trillion mark.Will Bitcoin surpass gold next?Golds market capitalization crossed $1 trillion in 1972 according to inflation-adjusted numbers. That price would be equivalent to $450 per ounce, breaking a drop that was initiated in 1939 by World War II.Before speculating on whether BTC will surpass golds market cap and its status as an international store of worth, its essential to consider that valuing a multi-faceted innovation asset such as Bitcoin is a rather unreasonable contrast with conventional financial investments.

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Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

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