Bitcoin’s vertical price rally took it to a new ATH of $ 53,379 based on data from coinmarketcap.com. After hitting a new ATH just a few minutes ago, Bitcoin only has $ 300 less to become a trillion dollar asset!
Bitcoin dump capitalization
The trillion dollar benchmark is expected to hit exactly $ 53,670 based on the asset’s current circulating supply. Additionally, when Bitcoin’s market cap hits $ 1 trillion, its fully diluted market cap will exceed the combined market cap of Visa, Paypal and Mastercard, according to data from Arcane Research.
This is happening in real time, as the asset’s price has gained over 3% in the last 24 hours alone, and chain analysis suggests sentiment is currently bullish. The price hovers between $ 52,926 and $ 53,313 for the last hour or so, according to coinmarketcap data.
What would a trillion dollar market cap mean for the future of retail traders and their portfolios?
One thing is for sure, after hitting a trillion dollars, Bitcoin would set a standard for itself and the price rise would be boosted for the rest of the bull season. What the market has seen is demand that is currently being driven by institutions and whales, but what we can expect is an increase in the number of retail traders and the volume of trading on the markets. cash purses.
This is critical to the current rally price, as demand from retail traders influences the price on most spot exchanges. With the exception of Binance, OKEx, and other leading exchanges, most of the exchanges that have a fiat ramp have Bitcoin trading at a premium, and the increase in demand will ensure that volatility increases.
The price volatility which is currently less than 15% for Bitcoin, must reach higher for the asset to reach the target for the season set by the predictions of the S2F and S2Fx models of Plan B.
If the price of Bitcoin is to reach $ 100,000 by the end of 2021, reaching $ 1 trillion in market cap is essential. which gives a massive increase in the returns of the portfolios of existing retail traders. Decreasing supply on spot exchanges has its own role to play here, as does the influx of stablecoins and the growth of OI on exchanges like CME, which represents the sentiment of institutional investors. A few hundred dollars away from $ 1 trillion can change your portfolio returns soon enough.
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