- Bitcoin market cap hits $1 trillion for the first time.
- BTC reaches its new ATH of $56,000.
- In terms of market cap, Bitcoin has outranked Tencent, Tesla, and Facebook.
- Bitcoin is certainly bullish in 2021, as well as ETH, LTC, ADA, BNB, DOT, and VET.
In retrospect, the Bitcoin market cap grew 3x from over $360 million in December 2020. Since then, this signals a bullish crypto market trend. With more Bitcoin adoption from industry leaders like BNY Mellon, Mastercard, Tesla, and Microstrategy, BTC seems unstoppable in terms of growth value.
Due to its trillion-dollar market cap, Bitcoin has outranked Tencent, Tesla, and Facebook. Sooner than later, the Bitcoin market cap can go beyond Google, Amazon, and Microsoft. Following Microsoft Founder Bill Gates’ opinion on this cryptocurrency, curiosity arises whether Microsoft will add Bitcoin to their balance sheet soon.
Overall, the crypto market cap now surpasses Google’s parent company Alphabet. At the time of writing, the crypto market is valued at $1.7 trillion while Google Alphabet is at $1.4 trillion.
Upon making annual historical gains of almost 500%, Bitcoin is anticipated to be bullish throughout this year. It remains one of the best cryptocurrencies to invest in 2021, alongside Ethereum, Litecoin, Cardano, Binance Coin, Polkadot, and VeChain.