As Bitcoin continues to skyrocket in its market value, investors are now asking themselves the trillion-dollar question - what will its market cap be when Bitcoin reaches $100,000 per coin? It’s surely a question worth pondering.

Currently, Bitcoin’s market cap amounts to approximately $582.52 billion according to analysis from the cryptocurrency monitoring platform CoinMarketCapon. It’s value has grown by more than $35 billion in the past 24 hours and it’s worth has outshined many fiat currencies such as the United States Dollar (USD), the British Pound (GBP) and the Russian Ruble (RUB).

But what would its market cap be if its price per coin were to perchance reach the highly anticipated $100,000?

The market cap of Bitcoin relates tightly to its current price and the number of coins in circulation. At present exactly 19,343,306 Bitcoin coins are in circulation, meaning that if its price were to reach $100,000 then its total market cap would be around $1.93 trillion. Such value would place it above the estimated market cap for commodities such as silver ($1.41 trillion) as well as corporations such as Alphabet/Google ($1.35 trillion), Amazon ($1.02 trillion), Berkshire Hathaway ($688.38 billion), NVIDIA ($679.08 billion) and Tesla ($593.37 billion).

In 2021 Bitcoin has had a stellar year of success, outrunning many high-profile companies and banks, such including JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC). The currency recently surpassed Visa (NYSE: V) in market capitalization as well.

At the time of writing, Bitcoin is currently trading strong at $30,207, showing growth of 6.71% in the day, 8.60% within the week and 47.20% across the past month.

In conclusion, while the future of Bitcoin remains unpredictable, one cannot help but wonder what its market capitalization would be if Bitcoin continues to show such bullish behavior and finally reaches the incredible milestone of $100,000 per coin.



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