Bitcoin Hits New ATH And The Total Crypto Market Cap Reaches $1Trillion
Bitcoin managed to hit a new ATH, and the king coin hit $37k a few hours ago amidst the US chaos.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $37,299.34.
Meanwhile, the total crypto market cap just hit $1 trillion for the first time ever, and Twitter is in awe.
Check out Binance’s latest post below.
The total #crypto market cap has reached over 1 Trillion USD for the first time ever!
A trillion is 1,000,000,000,000, or one million million.
It’s such a large number it’s hard to get your head around it, so sometimes “trillion” just means “wow, a lot.”
— Binance (@binance) January 7, 2021
Pomp also dropped the following tweet below.
The total crypto market cap has now crossed $1 trillion.
— Pomp 🌪 (@APompliano) January 7, 2021
Someone said: “In Brief The global market capitalization of all cryptocurrencies has exceeded $1 trillion. This is roughly 1% of all the money in the world. The figure will continue to grow rapidly, experts argue.”
Anthony Pompliano also said the following:
Y’all going to lose your minds when a Fortune 100 companies puts Bitcoin on their balance sheet
— Pomp 🌪 (@APompliano) January 6, 2021
There have been all kinds of optimistic predictions about Bitcoin, and they continue to pop up these days.
BTC optimistic predictions arise
Just the other day, it’s been revealed that MarketWatch just dropped a new article on the popular coin, highlighting that it’s time to invest.
The online publication notes that “We believe that bitcoin has matured and now is the right time to invest in this widely popular currency.”
They continue and note: “Here’s why: Today, there is significantly more demand for bitcoin than there is supply. About 900 new bitcoin are mined daily, and three market participants alone — PayPal, Square, and Grayscale Bitcoin Trust — purchase considerably more than 900 bitcoin a day because of high investor demand.”
