Bitcoin Market Cap Reaches 3 Billion

Bitcoin Market Cap Reaches 3 Billion

Following the news of Bitcoin hitting its all-time high on Tuesday night, Bitcoin's market cap has hit yet another milestone. Three billion dollars, in fact. The news comes just about a week the after market cap reached $2.5 billion - signaling immense growth. No doubt, the influx has very much to do with the excitement over the price getting higher (i.e. more people throwing their money in with anticipation the price will get higher). Bitcoin's market cap has grown so very rapidly, making many question when we'll hit the $4 billion mark. By year's end, perhaps?


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Winklevoss: Bitcoin Payment System Worth $400 Billion

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Bitcoin Market Capitalization Reaches All-Time High

It's happened. Bitcoin's market capitalization has reached an all-time high, to an impressive $2.64 billion. Outside of the Bitcoin community, this may not be that impressive a number, but it certainly signifies that the currency continues its growth quite rapidly. The last spike in market capitalization was earlier this year in April (you can see that in the chart above from Blockchain). About one million Bitcoins have been mined since April of this year, and we're a bit over 50% of all coins being mined (for a total of 21 million Bitcoins).

Bitcoin Market Cap Surpasses $5 Billion

Bitcoin's total market capitalization has exceeded $5 billion USD. The news comes just says after we posted about the market cap hitting $3 billion, putting the digital currency at a growing rate that is so very impressive. The chart above will give you some level of understanding as to just how fast Bitcoin is growing as the mainstream gets accustomed to its presence. The major spike at the right of the chart from Oct/Nov dwarfs this year's previous highs - over $2.5 billion market cap in April of this year. Can Bitcoin sustain this level of growth? Where do you think we'll be by the end....

Quotes

At first, I only saw the negative headlines about Bitcoin and thought it was some sort of unserious speculation bubble. Then I read up on it and understood that it has the potential to change the world. And when I realized I could order pizza and pay in Bitcoin, then I was all for it!

Mathias Sundin, Deputy mayor of Norrköping in Eastern Sweden, a member of Swedish Parliament