7 Reasons Bitcoin Is Barreling Toward a $100 Billion Market Cap
2017 may very well go down in history as the year of the cryptocurrency. Since the year began, through Oct. 16, the aggregate value of cryptocurrencies, as measured by market cap, is up 876%! It's taken the stock market more than two decades to generate the type of returns that digital currencies have given their investors in a matter of months.
Despite "underperforming" relative to the aggregate gain in cryptocurrencies in 2017, bitcoin is still leading the charge higher. The world's most popular digital currency is up by nearly 500% year to date, and its market cap recently touched $97 billion after teetering at roughly $3 billion back in 2015. Given the momentum currently pushing bitcoin higher, it seems plausible that bitcoin could soon barrel forward to a $100 billion market cap.
Image source: Getty Images.
Source: Fool.com
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