👀🚀 ARK's Cathie Wood believes #Bitcoin! is still in its early stages and has the potential to surpass $100,000
$BTC became a $2 trillion asset in less than 16 years, while companies like Apple and Amazon took 42 and 29 years, respectively, to reach that value. Bitcoin hit a historic milestone by surpassing the $100,000 mark on Dec. 5, but the cryptocurrency is still in the "early innings," according to the ARK Invest CEO. Wood compared the Bitcoin market to spot gold, noting that gold is a $15 trillion market at the price of $2,700 per ounce.
Bitcoin, valued at $102,750 at the time of writing, has a market value of roughly $2 trillion, leaving it with plenty of growth potential.
Bitcoin Reached a $2 Trillion Market Cap in Less Than 16 YearsWhile it took Amazon 29 years to reach a $2 trillion market value, Bitcoin achieved it in less than 16 years since the first BTC transaction was made in January 2009.
Apple, the second-largest market after gold, took almost 42 years to reach a $2 trillion market cap for the first time in 2020.
At its current price, Bitcoin accounts for 52.6% of the entire cryptocurrency market, with the total market cap at $3.9 trillion, according to CoinGecko.
