{"id":5123,"date":"2024-11-12T03:20:43","date_gmt":"2024-11-12T03:20:43","guid":{"rendered":"https:\/\/cryptoopia.com\/cryptocurrency\/5123.html"},"modified":"2024-11-12T03:20:43","modified_gmt":"2024-11-12T03:20:43","slug":"bitcoin-btc-fastest-asset-to-cross-1-trillion","status":"publish","type":"post","link":"https:\/\/cryptoopia.com\/cryptocurrency\/5123.html","title":{"rendered":"Bitcoin (BTC) Fastest Asset to Cross $1 Trillion"},"content":{"rendered":"<p>U.Today &#8211; <span class=\"aqPopupWrapper js-hover-me-wrapper\">Bitcoin<\/span> (BTC), the world&#8217;s leading digital asset, has a not-so-publicized record in the crypto and traditional finance ecosystem. This Bitcoin achievement is further complemented by the soaring price of the coin.<\/p>\n<\/p>\n<h2>Bitcoin&#8217;s increasing relevance <\/h2>\n<p>According to prominent crypto analyst Fred Krueger, BTC is the fastest asset to cross the $1 trillion mark. In a post on X, Krueger posted a chart showing 10 assets whose value has crossed $1 trillion. According to the details, it took Bitcoin 12 years to reach a valuation of $1 trillion, making it the fastest asset to achieve such a feat. <\/p>\n<p>Meta Platforms (NASDAQ:<span class=\"aqPopupWrapper js-hover-me-wrapper\">META<\/span>) follows behind Bitcoin, which hit the $1 trillion milestone 17 years after launching. <span><span> Next <\/span><\/span> (LON:<span class=\"aqPopupWrapper js-hover-me-wrapper\">NXT<\/span>) on the list is Elon Musk&#8217;s Tesla (NASDAQ:<span class=\"aqPopupWrapper js-hover-me-wrapper\">TSLA<\/span>), followed by Alphabet (NASDAQ:<span class=\"aqPopupWrapper js-hover-me-wrapper\">GOOGL<\/span>), which hit $1 trillion in 18 and 22 years, respectively. <span><span> Saudi Aramco <\/span><\/span> (TADAWUL:<span class=\"aqPopupWrapper js-hover-me-wrapper\">2222<\/span>), a long-standing petroleum and <span class=\"aqPopupWrapper js-hover-me-wrapper\">natural gas<\/span> company, marked 10th place as it hit $1 trillion in 86 years.<\/p>\n<p>Intriguingly, the leading cryptocurrency recorded the highest Compound Annual Growth Rate (CAGR) at 176.54%. CAGR measures an investment&#8217;s annual growth rate over time, with the effect of compounding taken into account. Therefore, Bitcoin&#8217;s latest CAGR means investors have received a 176.54% gain on their investments in the past year. This is a huge achievement for Bitcoin, as prominent firms like Microsoft (NASDAQ:<span class=\"aqPopupWrapper js-hover-me-wrapper\">MSFT<\/span>) recorded a CAGR of 31.97%.<\/p>\n<p>Bitcoin&#8217;s performance among these reputable global companies highlights its growing adoption among traders and investors. In the past reported week, Bitcoin&#8217;s price has increased by 19.7%, fueling positive sentiment from investors.<\/p>\n<\/p>\n<h2>Bitcoin&#8217;s price and what to expect <\/h2>\n<p>As U.Today reported, Bitcoin reached an all-time high of $82,400 earlier today before dropping slightly. BTC is trading at $81,912, up by 2.4% in the last 24 hours, with a market capitalization of $1.6 trillion. The daily trading volume increased by 35.7% to over $80 billion, indicating investors\u2019 willingness to accumulate the coin.<\/p>\n<p>While the Bitcoin market remains bullish, prominent American angel investor Jason Calacanis predicted that BTC might crash to zero. However, such a scenario, with less than 5% probability, seems very unlikely.<\/p>\n<p>This article was originally published on U.Today<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[db:\u6458\u8981]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-5123","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts\/5123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/comments?post=5123"}],"version-history":[{"count":0,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts\/5123\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/media?parent=5123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/categories?post=5123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/tags?post=5123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}