To put things in perspective, here is a breakdown of how long it took the largest companies globally to hit the $1 trillion market cap valuation:
Microsoft – 44 years
Apple – 42 years
Amazon – 24 years
Google – 21 years
Bitcoin – 12 years
At the start of 2021, bitcoin had a modest market cap of only $500 billion and has more than doubled in Q1, 2021 alone to the current $1.2 trillion.
Some of the head milestones and headlines that have contributed to this massive growth include:
Institutional investment into bitcoin
Bitcoin ETFs ready to go
High profile CEOs show interest in bitcoin
As of April 2021, the total crypto market cap crossed the $2 trillion mark as related market verticals like DeFi and NFTs continue to further drive adoption and use cases of crypto.
The new milestone now puts the total market cap of the crypto industry ($2.23T) to almost the same valuation as Apple ($2.25T), the second-largest company in the world after Saudi Aramco, the oil giant.