Is $1 Trillion Market Cap a Lot of Money to Be Celebrated?

Yesterday I talked about how the total market cap hit the $1 trillion mark after Bitcoin climbed up to $22k and it was a big win because since the bear market it has barely climbed up to $1 trillion but to be sincere, is $1 trillion something to celebrate about comparing to other companies? I know we are getting there but let’s briefly talk about it.

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Other companies like Apple and Google boast of a market cap of $2 trillion and $1.5 trillion and not to talk about the gold industry market cap which is about $11 trillion. So to compare the crypto industries to that company is nothing to talk about because it’s going to take a while. The only time the crypto industry was close to Google’s market cap at $1.5 trillion was when Bitcoin was nearly up to $70k late last year and early this year.

It’s no doubt that the crypto industry has come a long way to achieve the $1 trillion market cap compare to what it was 4 or 5 years ago when it was just billions of dollars and it’s also proof that it will climb higher in future but that is when we will be able to compare it to other companies.

I know one might say the likes of Apple and Google have been in the market longer or have had awareness long before crypto but using them as a point of the example is just to show that Bitcoin’s market cap is still low and not a lot yet if we are to compare it to just one company.

However, Bitcoin’s current price according to coinmarketcap is at $23,563 as of the time of writing and the total market cap is at $1 trillion-plus. This just shows that the crypto market cap is going to break the $1 trillion cap eventually if the price of Bitcoin eventually surpasses the $20k to $30k range it has been fluctuating upon.

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