1 day ago · Galaxy Digital chief executive Mike Novogratz says Bitcoin’s market capitalization will eclipse Tesla’s by June The head of the digital asset management firm took to Twitter to explain why he believes Bitcoin’s market cap will grow much faster than Tesla’s in the coming months. Dec 04, · He said that he thinks BTC’s market cap is undervalued, relative to other asset classes. Bitcoin Once Again Backed by Paul Tudor Jones. Bitcoin has seen a strong rally over the past few months on institutional interest in the cryptocurrency. The coin currently trades just . Market capitalization (often shortened to market cap) is the approximate total value of a cryptocurrency, typically shown in US dollars. The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price.
Bitcoin dark market capWinklevoss Twins Reaffirm Bitcoin Price Prediction: $, Value With $9 Trillion Market Cap
In contrast, Bitcoin, like gold, has a scarce supply. Bitcoin is slightly ahead of gold in terms of scarcity because the dominant cryptocurrency only has a supply of 21 million. With that, Cameron said Bitcoin is better than gold because the former can be transported easily and no external factors such as gold miners suddenly mining more or new gold deposits discovered can influence its price. The Winklevoss twins own Gemini, one of the most regulated cryptocurrency exchanges. The twins are in favor of further regulation in the cryptocurrency industry, in contrast to the libertarian ideals of early Bitcoin advocates.
You have to decide, am I going to ride it or not? Then no regrets if you decide you are not going to ride it, like we are riding this frenzy bubble of this new regime that we are in when you are printing more money than we have ever seen before. What is driving Bitcoin is driving Tesla and Snowflake and every venture back. Please check your inbox or spam folder to confirm your subscription. Thank you. What Is Blockchain? What Does Hodl Mean? BTC is expected to move even higher as adoption continues to swell.
Paul Tudor Jones, a billionaire Wall Street investor, may accelerate adoption once again as he continues to throw his weight behind Bitcoin. The famous investor said in May that he thinks Bitcoin will be an extremely viable investment in this world of macroeconomic inflation. Tudor Jones also said in a recent interview that investing in Bitcoin is like investing in Google or Apple early on into their lifespans.
He further likened the current Bitcoin space to the technology space in the s and early s. Could you be next big winner? I consent to my submitted data being collected and stored. BTC continues to be accumulated by Grayscale, a leading digital asset fund manager.