Meta Platforms (NASDAQ:META) follows behind Bitcoin, which hit the $1 trillion milestone 17 years after launching. Next (LON:NXT) on the list is Elon Musk’s Tesla (NASDAQ:TSLA), followed by Alphabet (NASDAQ:GOOGL), which hit $1 trillion in 18 and 22 years, respectively. Saudi Aramco (TADAWUL:2222), a long-standing petroleum and natural gas company, marked 10th place as it hit $1 trillion in 86 years.
Intriguingly, the leading cryptocurrency recorded the highest Compound Annual Growth Rate (CAGR) at 176.54%. CAGR measures an investment’s annual growth rate over time, with the effect of compounding taken into account. Therefore, Bitcoin’s latest CAGR means investors have received a 176.54% gain on their investments in the past year. This is a huge achievement for Bitcoin, as prominent firms like Microsoft (NASDAQ:MSFT) recorded a CAGR of 31.97%.
Bitcoin’s performance among these reputable global companies highlights its growing adoption among traders and investors. In the past reported week, Bitcoin’s price has increased by 19.7%, fueling positive sentiment from investors.
While the Bitcoin market remains bullish, prominent American angel investor Jason Calacanis predicted that BTC might crash to zero. However, such a scenario, with less than 5% probability, seems very unlikely.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
