Bitcoin (BTC) is among the best-performing assets of the last decade and a half. The original cryptocurrency has outperformed even some of the biggest tech stocks. BTC recently overtook Google’s parent company, Alphabet, and Amazon to become the world’s fifth-largest entity by market cap. BTC’s market cap has since fallen below Amazon’s and currently sits in the sixth position among the world’s most valuable assets. Let’s discuss the asset’s price if its market cap equals that of Apple.
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What’s Bitcoin’s Price If Its Market Cap Equals Apple?
Apple (AAPL) is currently the third-largest asset by market cap. The tech company boasts a market cap of $3.14 trillion. Apple currently sits behind only Microsoft and gold among the most valuable assets.
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On the other hand, there are about 19,863,506 (19.86 million) Bitcoins in circulation. If BTC’s market cap equals that of Apple, the price of each BTC coin will hit roughly $159,000. The asset’s price will rally by 54.83%.
When Will The Asset Hit The $159,000 Target?
According to CoinCodex analysts, Bitcoin (BTC) will breach the $150,000 mark later this year. The platform anticipates the asset to trade at $158,142 on Aug. 10 of this year.
Many anticipate BTC to experience a significant price surge soon. Binance founder Changpeng Zhao (CZ) anticipates BTC to top at somewhere between $500,000 to $1 million this cycle. BTC hitting $1 million will take the asset’s market cap much higher than Apple’s.
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BTC’s journey over the last decade and a half has been truly incredible. The US now has a pro-crypto administration in power. We may see more lenient crypto regulations over the next four years. The lenient environment could set the stage for BTC to rise to never-before-seen price levels.
