Summary
Bitcoin is now eyeing Google parent Alphabet as the next target with a valuation of $1.7 trillion. Some believe bitcoin could surpass gold’s $14.7 trillion market cap, but it would need to rise over 10-fold to reach $720,000 per token.
Key Points
1. Bitcoin is aiming to surpass Google parent Alphabet in valuation, which is currently just under $1.7 trillion.
2. Some bitcoin bulls are targeting gold, the world’s most valuable property, which has a market cap of $14.7 trillion.
3. In order to reach the market cap of gold, bitcoin would need to increase in value more than 10 times, surpassing $720,000 per token.