Category: bitcoin market

Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap


This post is by Aran Ali from Visual Capitalist


Bitcoin fastest asset to $1 trillion

The Briefing

  • Bitcoin (BTC) hit a $1 trillion market cap in just 12 years, making it the fastest asset to do so
  • Investor sentiment towards BTC appears to be at extreme bullishness, with the asset adding roughly $500 billion in market cap just in 2021

Bitcoin is the Fastest Asset to Reach $1 Trillion

The world is moving forward at an accelerated pace. Historically, it’s taken multiple decades for companies to be worth $1 trillion. For bitcoin, it took just 12 short years to reach such a milestone.

To help put things into perspective, here’s a look at how long it took America’s biggest tech companies to reach the $1 trillion market cap.

AssetTime To Reach $1 TrillionCurrent Market Cap
Microsoft44 years$1.9 trillion
Apple42 years$2.2 trillion
Amazon24 years$1.7 trillion
Google21 years$1.5 trillion
Bitcoin12 years$1.1 trillion

Market caps as of April 12, 2021

Extreme Bullish Sentiment

Bitcoin has been subject to widespread commotion in markets.

At the start of 2021, the cryptocurrency had a more modest market cap of $500 billion, but has gained more than another $500 billion since. An onslaught of headlines has contributed to extremely bullish investor sentiment, including:

1. CEOs begin to show interest
Elon Musk and Jack Dorsey have made sizable investments in bitcoin through Tesla and Square, respectively. It’s estimated the gain from Tesla’s $1.5 billion bitcoin investment was greater than the profits from the entirety of their business in 2020.

2. New (Read more...)

Why the Market is Thinking About Bitcoin Differently


This post is by Aran Ali from Visual Capitalist


Bitcoin Longer Term Holders

The Briefing

  • Bitcoin investors are increasingly long-term focused. In 2020, 57% of bitcoin’s (BTC) supply was held onto for more than a year
  • Today, nearly 22% of BTC supply is held for more than five years
  • Bitcoin hit a $1 trillion market cap milestone in 2021

Why the Market is Thinking About Bitcoin Differently

The bull case for bitcoin is linked to the cryptocurrency’s limited supply of only 21 million coins. But scarcity is forming in another way, revolving around investor behavior.

According to research from Ark Invest, investors are holding onto bitcoin for longer and longer durations. By holding the asset rather than selling, it decreases the supply of coins available on the market at any given moment, which can drive up price. This suggests that market participants see the long-term value and potential future payoff the asset possesses.

In the past, durations of days and months were the most common holding periods for bitcoin investors, while holding for more than a year was practically non-existent up until recently.

BTC Duration Held% of BTC Supply
>5 years21.80%
3 to 5 years13.38%
2 to 3 years10.99%
1 to 2 years10.70%
6 months to 1 year8.30%
3 months to 6 months7.07%
1 day to 3 months27.76%

But days and months have now transitioned towards years.

Near the end of 2020, 57% of bitcoin supply has been held for at least a year. In fact, investors who have held for five years or (Read more...)