As of now, Bitcoin’s (BTC) market capitalisation sits at approximately $1.35 trillion, placing it over $1 trillion ahead of Ethereum, which is trading at around $68,000.

Since October 12, Bitcoin’s market capitalisation has experienced an increase of 8.9%, leading many analysts to speculate that there is substantial potential for further price growth.

Evaluating the $1 Trillion Edge Over Ethereum

Ethereum’s market capitalisation currently stands at $318.32 billion. This disparity emerged as Bitcoin reached a price of $67,000, a point not revisited since July 28, when its market cap was also at $1.34 trillion.

At current valuations, Bitcoin is priced at $68,152 and previously attained an all-time high market cap of $1.41 trillion on May 21.

In terms of global asset rankings, Bitcoin holds the tenth position, just after Meta Platforms (Facebook), which boasts a market cap of $1.46 trillion.

Gold remains the largest asset by market cap, valued at $18.38 trillion according to CompaniesMarketCap data.

Bitcoin advocate Fred Krueger has projected a future market cap of up to $100 trillion by 2040, suggesting that Bitcoin may reach a value of $5 million.

Analysts Forecast Significant Growth for Bitcoin

Market analyst Kyle Chasse emphasized the growth potential of Bitcoin, referencing BlackRock CEO Larry Fink’s remarks comparing Bitcoin’s current phase to the early days of the mortgage market.

Crypto analyst Dylan LeClair indicated in a recent interview that Bitcoin represents a groundbreaking technological opportunity with the potential to reach a market valuation of $100 trillion.

Some traders suggest that currently, there are no evident signs of excessive speculation in Bitcoin’s market.

A pseudonymous investor remarked on the vast liquidity injected into the market during the pandemic, noting that the current Bitcoin market cap remains small relative to the overall money supply.