The market cap of bitcoin has just passed the market cap of the well known company that is currently one of my main sources of news, twitter (bitcoin has also passed many others).
The market cap of TWTR is around 12 billion dollars.
The market cap of Bitcoin has eclipsed 13 billions dollars and currently over 14 billion dollars in some countries.
That is incredible and it will only continue to rise, which brings me to my next point.
Think about this:
Were there doubts about the ” internet” as we know it today?
Yes. Here is one that was written in 1995, along with many others you can find with a simple google search. There were many things imagined then that doubters believed were inconceivable. We all know how that turned out.
Now, can bitcoin become the next Internet? No one knows for sure right now, but IF I offered you one share of the internet 30 years ago, would you buy it now?
There are ONLY 21 million shares of the internet available and there will only EVER be 21 million shares available.
This is why it is important.
Just think if there were only 21 million shares of TWTR (721 million current outstanding). With a market cap of 12 billion dollars, TWTR would be worth $571 / share.
Just think if there were only 21 million shares of FB (2.9 billion current outstanding). With a market cap of 340 billion dollars, FB would be worth $16,190/share.
Just think if there were only 21 million shares of AAPL (5.3 billion current outstanding). With a market cap of 620 billion dollars, AAPL would be worth an astounding $29,523/share.
Let’s jump to currency for a second. Bitcoin only has 21 million bit coins that will ever be in circulation. Gold has a world total value of 6.75 trillion dollars. If bit coin appreciates to just 1% of this value it would be equal to $3,190/bitcoin. Just think if it was 10% the value of gold – $31,900 – where it would be.
How far can it go? Way farther.