- Merry Bitmas, to all Bitcoiners, as the price of Bitcoin, has surged to record a new all-time high by crossing the level of $25,000
- Among the largest firms by market capitalization, Bitcoin’s market cap has crossed several major companies like VISA, Samsung, and TSMC
- Analysts are optimistic about the price of the leading virtual currency
This Christmas, Bitcoiners are celebrating Bitmas, as the price of the leading crypto token has hit the new all-time high by achieving the level of $25,000. On social media platforms, several Bitcoiners are declaring “Merry Bitmas” as Bitcoin is soaring. However, with the surge BTC became the only asset which has surprisingly succeeded during the global COVID-19 pandemic.
Bitcoin has crossed the 11th largest company by market cap
According to the data from CoinMarketCap, it is observed that with the surge in the price of Bitcoin, the total market capitalization of the currency has also surged. At press time the total market capitalization of the world’s most famous cryptocurrency is more than $478 billion. According to the data from CompaniesMarketCap, it is observed that among the leading companies across the world the token designed by Satoshi Nakamoto can currently take its position at the 11th place in the list. With the market cap, it is found that Bitcoin has crossed the total market cap of VISA, Samsung, and Taiwan’s TSMC. However, the cross in market cap is symbolic.
Can BTC achieve the price of $1,00,000 over next year?
In the cryptosphere, every eye is again on the performance of Bitcoin. Over recent months, the price of BTC has more than doubled itself, still, several analysts are expecting BTC to gain more than 300% over the next year. If the price of Bitcoin gains another 300% over the next year, then the token will reach six figures. However, a recent price prediction of gov.capital, revealed that it seems like the price of BTC over the next year will surge by 25.284%, and sit at the level near $31,400.
Will BTC be able to sustain its bullish momentum?
The investors of BTC are known for their unquenchable optimism. According to several on-chain analysts, the trajectory of Bitcoin is yet optimistic. According to a report from the news outlet, Markets Insider, the total market cap of the most famous crypto token could reach $1 trillion by next year. However, it’s only possible if investors take their status of reserve currency seriously.
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