Chris Burniske: Bitcoin’s market cap to surge past $1 trillion
Ishan Garg Posted On April 23, 2019 
.Famous cryptocurrency venture capitalist and a partner at Placeholder VC, Chris Burniske, predicts that Bitcoin’s market cap can reach a 13 digit figure in the next bull run. Chris Burnsike makes this prediction by looking at BTC’s past performance at the year’s end.
Looking at the top 10 cryptoassets at the end of each year makes me think #bitcoin (blue) gets to $1 trillion on its own in the next bull market. pic.twitter.com/75YaGesYxR
— Chris Burniske (@cburniske) April 20, 2019
According to Chris Burnsike’s chart, in every bull run Bitcoin’s price increase by 10 times. In 2016, market cap touched close to $10 billion, while in 2017 the market cap surpassed $100 billion. In 2018, the market cap resides a bit but if the general trend continues Bitcoin’s market cap will surpass $1 trillion.
Chris Burnsike further points out that it used to be “Bitcoin and 9 dwarves” while commenting on the top 10 cryptocurrencies apart from Bitcoin. But according to Chris, the other altcoins are gaining to bitcoin.
Another interesting trend is #2-10 are gaining ground on $BTC over time. It used to look like #Bitcoin and 9 dwarves, but those dwarves have gone through growth spurts on a relative basis (especially in 2017).
— Chris Burniske (@cburniske) April 20, 2019
If the venture capitalist’s prediction of a $1 trillion market valuation for Bitcoin hits, then the cryptocurrency’s price would be $50,000. That is a 9.5 times increase than the current price of Bitcoin. And if the market share of Bitcoin remains at 53.2%, the combined valuation of altcoins will be greater than $900 billion.
Citing his own tweet, Chris tweeted,
“Market runs of faith”
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