How soon will Bitcoin, Ethereum and other major cryptocurrencies hit the $1 trillion mark?

Key Points

• Bitcoin, Ethereum, and other major cryptocurrencies could hit the $1 trillion mark in the next few years.
• Bitcoin, with an average annual growth rate of 159%, could return to the trillion–dollar mark as soon as early 2023.
• Ethereum, with an average annual growth rate of 308%, is also projected to become a trillion–dollar asset around the same time.
• BNB and Cardano, with average annual growth rates of 615% and 423% respectively, are forecast to hit a $1 trillion dollar market cap by in 2024.
• Ripple’s XRP, currently the subject of a Securities and Exchange Commission (SEC) lawsuit, has an average annual growth rate of 88%, putting it at the $1 trillion level by the end of 2028.
• The cryptocurrency with the highest average annual growth rate is Fantom at just over 5,000%, with a market cap of $9 million in 2019, its on track to hit the trillion–dollar mark in 2024.
• Among crypto companies, Mike Novogratz‘s Galaxy Digital Holdings could be the first crypto company to hit the trillion–dollar mark, predicted to reach it in 2026, based on an annual growth rate of 488%.
• Jack Dorsey‘s Block, formerly Square, could be close behind, potentially hitting the trillion–dollar level in 2029.

According to research from digital asset industry review and analysis website Crypto Head, Bitcoin, with an average annual growth rate of 159%, could return to the trillion–dollar mark as early as early 2023. Ethereum, with an average annual growth rate of 308%, is also projected to become a trillion–dollar asset around the same time.

Ethereum rivals BNB and cardano, with average annual growth rates of 615% and 423% respectively, are forecast to hit a $1 trillion dollar market cap by in 2024. Ripple’s XRP, currently the subject of a Securities and Exchange Commission (SEC) lawsuit, has an average annual growth rate of 88%, putting it at the $1 trillion level by the end of 2028.

The cryptocurrency with the highest average annual growth rate is fantom at just over 5,000%, with a market cap of $9 million in 2019, its on track to hit the trillion–dollar mark in 2024. Among crypto companies, Mike Novogratz‘s Galaxy Digital Holdings could be the first crypto company to hit the trillion–dollar mark, predicted to reach it in 2026, based on an annual growth rate of 488%. Jack Dorsey‘s Block, formerly Square, could be close behind, potentially hitting the trillion–dollar level in 2029.

It is difficult to predict the future of cryptocurrencies, but they have the potential to reach very high prices. Bitcoin, Ethereum, and other major cryptocurrencies could hit the $1 trillion mark if they continue to grow at their current rates. Companies like Galaxy Digital Holdings and Block could also reach trillion–dollar market caps in the next few years. However, the short–term outlook is uncertain due to the volatile nature of the market.