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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3111 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('In a&nbsp;recent tweet,&nbsp;VanEck's digital asset director Gabor Gurbacs says that it's "not far-fetched" to assume that the total market cap of Bitcoin (BTC) could reach $1 trln. His bullish statement comes hot on the heels of <a href="https://u.today/nasdaq-integrates-microsoft-azure-to-build-blockchain-for-blockchains">Google's parent company Alphabet</a> achieving this remarkable milestone.&nbsp;
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    <blockquote class="twitter-tweet">
    I’d like to see <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> hit the $1 trillion market value mark. I don’t think a $1 trillion Bitcoin is too far-fetched. What are your thoughts? Any good models or research? RT to get a good thread. <a rel="nofollow" target="_blank" href="https://t.co/Y47htMZUE7">https://t.co/Y47htMZUE7</a>
    — Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1218158319828901888?ref_src=twsrc%5Etfw">January 17, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A race to $1 trln
    
    Back in 2007, state-controlled oil&nbsp;giant&nbsp;PetroChina became the first company to reach an eye-popping valuation of&nbsp;$1 trln but the company miserably failed to retain its market cap.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    So far, there have been only four US companies that saw their valuation rise above $1 trln. Apple surpassed this mark in 2018. It was then followed by Amazon and Microsoft, and now Alphabet <a rel="nofollow" target="_blank" href="https://www.theverge.com/2020/1/16/21069458/google-alphabet-trillion-dollar-market-cap-apple-microsoft">has joined</a> the 13-digit&nbsp;club's back.
    
    Together with Facebook, these four giants are responsible for 19 percent of the S&amp;P 500 weighting.&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Is Bitcoin getting any closer?&nbsp;
    
    At press time, the market cap of Bitcoin is sitting at $159 bln, <a rel="nofollow" target="_blank" href="https://coinstats.app/en/coins/bitcoin">CoinStats data</a> shows. This means that the orange coin has already surpassed&nbsp;the market cap of General Electric ($103.41 bln), Tesla ($92.55 bln), and Netflix ($148.4 bln).&nbsp;&nbsp;
    
    In order to hit the $1 trln mark, the BTC price needs to surge above $56,000. This seems like a doable price target considering that the leading cryptocurrency reached $20,000 in December 2017. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    However, it is not exactly fair to compare Bitcoin with publicly traded companies. Speaking of traditional assets, the market cap of gold is around $8 trln. Considering this,&nbsp;BTC has plenty of room for growth.&nbsp;&nbsp;
    ') (Line: 1133)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
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    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
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    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    
  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3114 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('In a&nbsp;recent tweet,&nbsp;VanEck's digital asset director Gabor Gurbacs says that it's "not far-fetched" to assume that the total market cap of Bitcoin (BTC) could reach $1 trln. His bullish statement comes hot on the heels of <a href="https://u.today/nasdaq-integrates-microsoft-azure-to-build-blockchain-for-blockchains">Google's parent company Alphabet</a> achieving this remarkable milestone.&nbsp;
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    <blockquote class="twitter-tweet">
    I’d like to see <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> hit the $1 trillion market value mark. I don’t think a $1 trillion Bitcoin is too far-fetched. What are your thoughts? Any good models or research? RT to get a good thread. <a rel="nofollow" target="_blank" href="https://t.co/Y47htMZUE7">https://t.co/Y47htMZUE7</a>
    — Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1218158319828901888?ref_src=twsrc%5Etfw">January 17, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A race to $1 trln
    
    Back in 2007, state-controlled oil&nbsp;giant&nbsp;PetroChina became the first company to reach an eye-popping valuation of&nbsp;$1 trln but the company miserably failed to retain its market cap.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    So far, there have been only four US companies that saw their valuation rise above $1 trln. Apple surpassed this mark in 2018. It was then followed by Amazon and Microsoft, and now Alphabet <a rel="nofollow" target="_blank" href="https://www.theverge.com/2020/1/16/21069458/google-alphabet-trillion-dollar-market-cap-apple-microsoft">has joined</a> the 13-digit&nbsp;club's back.
    
    Together with Facebook, these four giants are responsible for 19 percent of the S&amp;P 500 weighting.&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Is Bitcoin getting any closer?&nbsp;
    
    At press time, the market cap of Bitcoin is sitting at $159 bln, <a rel="nofollow" target="_blank" href="https://coinstats.app/en/coins/bitcoin">CoinStats data</a> shows. This means that the orange coin has already surpassed&nbsp;the market cap of General Electric ($103.41 bln), Tesla ($92.55 bln), and Netflix ($148.4 bln).&nbsp;&nbsp;
    
    In order to hit the $1 trln mark, the BTC price needs to surge above $56,000. This seems like a doable price target considering that the leading cryptocurrency reached $20,000 in December 2017. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    However, it is not exactly fair to compare Bitcoin with publicly traded companies. Speaking of traditional assets, the market cap of gold is around $8 trln. Considering this,&nbsp;BTC has plenty of room for growth.&nbsp;&nbsp;
    ') (Line: 1133)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
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    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3111 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('In a&nbsp;recent tweet,&nbsp;VanEck's digital asset director Gabor Gurbacs says that it's "not far-fetched" to assume that the total market cap of Bitcoin (BTC) could reach $1 trln. His bullish statement comes hot on the heels of <a href="https://u.today/nasdaq-integrates-microsoft-azure-to-build-blockchain-for-blockchains">Google's parent company Alphabet</a> achieving this remarkable milestone.&nbsp;
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    <blockquote class="twitter-tweet">
    I’d like to see <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> hit the $1 trillion market value mark. I don’t think a $1 trillion Bitcoin is too far-fetched. What are your thoughts? Any good models or research? RT to get a good thread. <a rel="nofollow" target="_blank" href="https://t.co/Y47htMZUE7">https://t.co/Y47htMZUE7</a>
    — Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1218158319828901888?ref_src=twsrc%5Etfw">January 17, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A race to $1 trln
    
    Back in 2007, state-controlled oil&nbsp;giant&nbsp;PetroChina became the first company to reach an eye-popping valuation of&nbsp;$1 trln but the company miserably failed to retain its market cap.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    So far, there have been only four US companies that saw their valuation rise above $1 trln. Apple surpassed this mark in 2018. It was then followed by Amazon and Microsoft, and now Alphabet <a rel="nofollow" target="_blank" href="https://www.theverge.com/2020/1/16/21069458/google-alphabet-trillion-dollar-market-cap-apple-microsoft">has joined</a> the 13-digit&nbsp;club's back.
    
    Together with Facebook, these four giants are responsible for 19 percent of the S&amp;P 500 weighting.&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Is Bitcoin getting any closer?&nbsp;
    
    At press time, the market cap of Bitcoin is sitting at $159 bln, <a rel="nofollow" target="_blank" href="https://coinstats.app/en/coins/bitcoin">CoinStats data</a> shows. This means that the orange coin has already surpassed&nbsp;the market cap of General Electric ($103.41 bln), Tesla ($92.55 bln), and Netflix ($148.4 bln).&nbsp;&nbsp;
    
    In order to hit the $1 trln mark, the BTC price needs to surge above $56,000. This seems like a doable price target considering that the leading cryptocurrency reached $20,000 in December 2017. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    However, it is not exactly fair to compare Bitcoin with publicly traded companies. Speaking of traditional assets, the market cap of gold is around $8 trln. Considering this,&nbsp;BTC has plenty of room for growth.&nbsp;&nbsp;
    ') (Line: 1133)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
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    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3114 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('In a&nbsp;recent tweet,&nbsp;VanEck's digital asset director Gabor Gurbacs says that it's "not far-fetched" to assume that the total market cap of Bitcoin (BTC) could reach $1 trln. His bullish statement comes hot on the heels of <a href="https://u.today/nasdaq-integrates-microsoft-azure-to-build-blockchain-for-blockchains">Google's parent company Alphabet</a> achieving this remarkable milestone.&nbsp;
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    <blockquote class="twitter-tweet">
    I’d like to see <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> hit the $1 trillion market value mark. I don’t think a $1 trillion Bitcoin is too far-fetched. What are your thoughts? Any good models or research? RT to get a good thread. <a rel="nofollow" target="_blank" href="https://t.co/Y47htMZUE7">https://t.co/Y47htMZUE7</a>
    — Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1218158319828901888?ref_src=twsrc%5Etfw">January 17, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A race to $1 trln
    
    Back in 2007, state-controlled oil&nbsp;giant&nbsp;PetroChina became the first company to reach an eye-popping valuation of&nbsp;$1 trln but the company miserably failed to retain its market cap.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    So far, there have been only four US companies that saw their valuation rise above $1 trln. Apple surpassed this mark in 2018. It was then followed by Amazon and Microsoft, and now Alphabet <a rel="nofollow" target="_blank" href="https://www.theverge.com/2020/1/16/21069458/google-alphabet-trillion-dollar-market-cap-apple-microsoft">has joined</a> the 13-digit&nbsp;club's back.
    
    Together with Facebook, these four giants are responsible for 19 percent of the S&amp;P 500 weighting.&nbsp;&nbsp;&nbsp;&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Is Bitcoin getting any closer?&nbsp;
    
    At press time, the market cap of Bitcoin is sitting at $159 bln, <a rel="nofollow" target="_blank" href="https://coinstats.app/en/coins/bitcoin">CoinStats data</a> shows. This means that the orange coin has already surpassed&nbsp;the market cap of General Electric ($103.41 bln), Tesla ($92.55 bln), and Netflix ($148.4 bln).&nbsp;&nbsp;
    
    In order to hit the $1 trln mark, the BTC price needs to surge above $56,000. This seems like a doable price target considering that the leading cryptocurrency reached $20,000 in December 2017. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    
    However, it is not exactly fair to compare Bitcoin with publicly traded companies. Speaking of traditional assets, the market cap of gold is around $8 trln. Considering this,&nbsp;BTC has plenty of room for growth.&nbsp;&nbsp;
    ') (Line: 1133)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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Bitcoin's (BTC) Market Cap Could Reach $1 Trillion After Alphabet: VanEck's Gabor Gurbacs

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Fri, 17/01/2020 - 14:27
Bitcoin's (BTC) Market Cap Could Reach $1 Trillion After Alphabet: VanEck's Gabor Gurbacs
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In a recent tweet, VanEck's digital asset director Gabor Gurbacs says that it's "not far-fetched" to assume that the total market cap of Bitcoin (BTC) could reach $1 trln. His bullish statement comes hot on the heels of Google's parent company Alphabet achieving this remarkable milestone. 

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A race to $1 trln

Back in 2007, state-controlled oil giant PetroChina became the first company to reach an eye-popping valuation of $1 trln but the company miserably failed to retain its market cap.        

So far, there have been only four US companies that saw their valuation rise above $1 trln. Apple surpassed this mark in 2018. It was then followed by Amazon and Microsoft, and now Alphabet has joined the 13-digit club's back.

Together with Facebook, these four giants are responsible for 19 percent of the S&P 500 weighting.    

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Is Bitcoin getting any closer? 

At press time, the market cap of Bitcoin is sitting at $159 bln, CoinStats data shows. This means that the orange coin has already surpassed the market cap of General Electric ($103.41 bln), Tesla ($92.55 bln), and Netflix ($148.4 bln).  

In order to hit the $1 trln mark, the BTC price needs to surge above $56,000. This seems like a doable price target considering that the leading cryptocurrency reached $20,000 in December 2017.            

However, it is not exactly fair to compare Bitcoin with publicly traded companies. Speaking of traditional assets, the market cap of gold is around $8 trln. Considering this, BTC has plenty of room for growth.  

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