[Report by Business Insider] 📬
Bitcoin's market cap is expected to hit $1 trillion in 2021, according to Garrick Hileman, head of research at Blockchain(dot)com.
For Bitcoin's market cap to reach $1 trillion from $350 billion, it would have to hit a price of $54,000 per BTC next year - a near 130% rally from where it's at.
Major institutional players like Stanley Druckenmiller, BlackRock, Bill Miller, and Twitter co-founder and CEO Jack Dorsey acknowledged that Bitcoin is becoming a reserve asset, thus validating the digital gold thesis.
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