The bitcoin price twice surged to over $60,000 per bitcoin last year giving the bitcoin network a market capitalization of over $1 trillion.
Bitcoin, with an average annual growth rate of 159%, could return to the trillion-dollar mark as soon as early 2023, according to research from digital asset industry review and analysis website Crypto Head—which excluded any coin created after January 1 2019, including the fast-growing, top ten coin solana.
Further down the charts, Ripple’s XRP, currently the subject of a Securities and Exchange Commission lawsuit, has an average annual growth rate of 88%, putting it at the $1 trillion level by the end of 2028.
Jack Dorsey’s Block, formerly Square, could be close behind, potentially hitting the trillion-dollar level in 2029.