According to CryptoPotato, Bitcoin's market capitalization may reach $3 trillion following the upcoming halving event. This projection is based on several factors, including the asset's recent impressive price performance and industry growth expectations. Bitcoin's market cap recently hit an all-time high of over $1.43 trillion and currently stands at around $1.32 trillion.
ChatGPT, a popular chatbot, suggested that reaching the $3 trillion milestone is possible, but it depends on various factors, including the impact of the halving event. Historically, halving has been a precursor to a Bitcoin bull run. However, this time the situation seems different as the price of the cryptocurrency started rallying months before the event. Fred Thiel, CEO of Marathon Digital, believes the rally influenced by the event has already been priced in and does not anticipate significant surges in the near future.
Despite this, many remain bullish, predicting record peaks for Bitcoin's valuation post-halving. Robert Kiyosaki, author of the best-seller 'Rich Dad, Poor Dad', predicted that the asset could reach the $100K mark by September this year.
ChatGPT also highlighted that future market dynamics, including institutional adoption, regulatory environments, and macroeconomic elements, will play a role in Bitcoin's market cap. It emphasized that a surge to $3 trillion will only be possible if positive investor sentiment is maintained.
Brad Garlinghouse, CEO of Ripple, recently predicted a bright future for the cryptocurrency industry. He believes the global market capitalization of the sector may exceed $5 trillion this year. Given that Bitcoin currently accounts for approximately 50% of the total share, this could mean a future market cap of more than $2.5 trillion.