Bitcoin (BTC) market capitalization has reached $1.35 trillion, surpassing the second-largest cryptocurrency, Ethereum, by more than $1 trillion, as BTC price trades just above $68,000.

The 8.9% increase in Bitcoin's market capitalization — the total value of all issued digital coins — since October 12 has fueled further speculation that Bitcoin still has a lot of growth momentum left.

“Bitcoin now has a $1 trillion market cap premium over Ethereum, a new high for this gap,” Glassnode lead analyst James Check commented in an October 19 post on X.

Bitcoin's market capitalization is currently $1.35 trillion. Source: CoinMarketCap

Check went on to challenge an X user who claimed that “Ethereum’s comeback will be brilliant,” by acting as a counter-argument and writing “maybe not.”

BTC Market Cap Is Now $1 Trillion Larger Than ETH

Meanwhile, Ethereum's market capitalization stands at $318.32 billion.

This comes as Bitcoin hit $67,000 for the first time since July 28, according to data from TradingView, which was also the last time its market capitalization hit $1.34 trillion.

Bitcoin is down 0.30% since October 19. Source: TradingView

At press time, Bitcoin was trading at $68,152.

On May 21, Bitcoin reached an all-time high market capitalization of $1.41 trillion.

It is currently ranked tenth among the world's assets by market capitalization, behind only Meta Platforms (Facebook) stock, with a market capitalization of $1.48 trillion.

Bitcoin is two places ahead of Berkshire Hathaway in terms of market capitalization. Source: CompaniesMarketCap

Gold ranks as the largest asset by market capitalization, with a market capitalization of $18.38 trillion, according to data from CompaniesMarketCap.

Bitcoin extremist Fred Krueger states:

“This market is 50 trillion today. Let's estimate 100 trillion by 2040. That's 76 times Bitcoin's 1.3 trillion market cap. In other words, Bitcoin will be worth $5 million.”

Analysts say BTC market capitalization has a lot of growth potential

Bitcoin maximalist Kyle Chasse reminded his 219,600 X followers to “Do the math!” while pointing to comments from BlackRock CEO Larry Fink comparing Bitcoin to the “early days” of the mortgage market.

Meanwhile, crypto analyst Dylan LeClair shared a similar view in an October 15 interview with Fox Business, saying, “This is a $100 trillion idea, this is a $100 trillion technology.”

Meanwhile, some traders say there are no signs of a bubble in Bitcoin yet.

“The Fed has printed $16 trillion during the pandemic. That’s 12.4 times the current Bitcoin market cap. We’re still very early,” anonymous crypto investor Bitcoin for Freedom said in a post on X.

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