Bitcoin on a High: On the Way to the 10 Trillion Dollar Mark?
- Bitcoin has gained 85 percent in recent months and could reach a market volume of 10 trillion dollars by 2034.
- Bitcoin's market capitalization is currently more than 1.9 trillion dollars, with a limited supply of 21 million coins.
Eulerpool News·
The cryptocurrency Bitcoin is currently experiencing an impressive winning streak, having gained a remarkable 85 percent over the past three months. Since the beginning of the year, profits have reached an astonishing 140 percent. What once began as a visionary idea born 16 years ago has now evolved into an asset with a market capitalization of more than 1.9 trillion dollars. The enthusiasm among investors is fueled by the hope that Bitcoin could reach a market volume of 10 trillion dollars by the year 2034. If achieved, the popular cryptocurrency would ascend to the league of the most valuable companies in the world. Currently, Apple holds the top position with a market capitalization of 3.7 trillion dollars, followed by AI infrastructure giant Nvidia with 3.4 trillion dollars. For such a development, Bitcoin would need to achieve an annual growth rate of 17.9 percent over the next ten years. Even though the cryptocurrency has seen impressive annual gains of 69.5 percent over the past five years, the upward path is expected to be more moderate as the asset matures. Bitcoin has evolved from a niche project for IT enthusiasts into a recognized financial instrument that is increasingly attracting the interest of global capital markets. As volatility gradually decreases and uncertainties diminish, returns are also expected to adjust to the new realities. Unique to Bitcoin is its limited supply of a total of 21 million coins. The algorithmically determined halving process, which halves block rewards every four years, helps make the inflation rate predictable. As long as all parties involved want to maintain the value of the protocol, this system remains untouched. ![](https://cdn.eulerpool.com/images/data-analytics/better.jpg)
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