Amazon (NASDAQ: AMZN) was founded in 1994 to sell books using the internet, and it quickly became an e-commerce pioneer which now offers more than 600 million different products. Its expansion into other businesses like cloud computing, streaming, and digital advertising helped catapult the company's valuation to an eye-popping $2.4 trillion.
But last Monday (July 14), Bitcoin (CRYPTO: BTC) briefly surpassed $2.4 trillion in market capitalization when the value of a single coin rocketed past $123,000. The cryptocurrency was introduced in 2009, so it reached the milestone even faster than Amazon, which is remarkable for an asset that doesn't produce any revenue or earnings. Furthermore, Bitcoin is now worth more than Alphabet, Meta Platforms, and even Tesla.
Bitcoin might still have room to run. Strategy's (NASDAQ: MSTR) Michael Saylor predicts that the price of a single coin could top $13 million by 2045, translating to a whopping 10,500% upside from Monday's peak. How realistic is that target? Read on to find out.
