Datastream
Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap
The Briefing
- Bitcoin (BTC) hit a $1 trillion market cap in just 12 years, making it the fastest asset to do so
- Investor sentiment towards BTC appears to be at extreme bullishness, with the asset adding roughly $500 billion in market cap just in 2021
Bitcoin is the Fastest Asset to Reach $1 Trillion
The world is moving forward at an accelerated pace. Historically, it’s taken multiple decades for companies to be worth $1 trillion. For bitcoin, it took just 12 short years to reach such a milestone.
To help put things into perspective, here’s a look at how long it took America’s biggest tech companies to reach the $1 trillion market cap.
Asset | Time To Reach $1 Trillion | Current Market Cap |
---|---|---|
Microsoft | 44 years | $1.9 trillion |
Apple | 42 years | $2.2 trillion |
Amazon | 24 years | $1.7 trillion |
21 years | $1.5 trillion | |
Bitcoin | 12 years | $1.1 trillion |
Market caps as of April 12, 2021
Extreme Bullish Sentiment
Bitcoin has been subject to widespread commotion in markets.
At the start of 2021, the cryptocurrency had a more modest market cap of $500 billion, but has gained more than another $500 billion since. An onslaught of headlines has contributed to extremely bullish investor sentiment, including:
1. CEOs begin to show interest
Elon Musk and Jack Dorsey have made sizable investments in bitcoin through Tesla and Square, respectively. It’s estimated the gain from Tesla’s $1.5 billion bitcoin investment was greater than the profits from the entirety of their business in 2020.
2. New ETFs on the block
Multiple Bitcoin ETFs focused were recently approved by Canadian regulators and some have already launched on the Toronto Stock Exchange (TSX). For many years, the Grayscale Bitcoin Trust (GBTC) was the only readily accessible investment vehicle trading on equity markets that had exposure to BTC.
3. Financial institutions finally joining in?
Mastercard, Visa, and Bank of New York Mellon have made announcements to make it easier for customers to use cryptocurrencies.
On to the Next Trillion?
Future projections for the price of bitcoin are garnering more extreme and widening price targets.
The accelerated rate of change today has many of the Big Tech companies already inching closer to the next trillion in value. Will bitcoin follow suit?
Where does this data come from?
Source: coinmarketcap.com
Notes: Financial data is as of April 12, 2021
Datastream
The 10 Longest Range EVs for 2023
This infographic lists 10 of the longest range EVs currently for sale in the U.S. in 2023. The Lucid Air takes first place at 516 miles.

The Briefing
- EV models with over 300 miles (480 km) of range are becoming more common in the United States
- The Lucid Air (Grand Touring trim) has the highest EPA range at 516 miles (830 km)
The 10 Longest Range EVs for 2023
Range anxiety is frequently cited as one of the biggest turnoffs of electric vehicles (EVs).
Even as recent as 2021, the average range of an EV was just 217 miles (349 km), falling significantly short from the average gas car’s range of 413 miles (665 km). Thankfully, as this infographic shows, EVs with over 300 miles of range are becoming more common.
Below are the top 10 EVs for 2023, ranked by their EPA combined driving range. For further context, we’ve also included price. These values are for the specific trim that achieves the stated range. In some cases, more expensive trims are available but have a lower range (e.g. Tesla Plaid).
Model | EPA Combined Driving Range | Price* |
---|---|---|
Lucid Air | 516 mi (830 km) | $138,000 |
Tesla Model S | 405 mi (652 km) | $84,990 |
Hyundai Ioniq 6 | 361 mi (581 km) | $45,500 |
Tesla Model 3 | 358 mi (576 km) | $55,990 |
Mercedes-Benz EQS | 350 mi (563 km) | $104,400 |
Tesla Model X | 348 mi (560 km) | $94,990 |
Tesla Model Y | 330 mi (531 km) | $52,990 |
GMC Hummer EV Pickup | 329 mi (529 km) | $110,295 |
Rivian R1T | 328 mi (528 km) | $74,800 |
BMW iX | 324 mi (521 km) | $87,100 |
*Most recent prices available as of April 2023
Note that the EV market is rapidly evolving, and the data in this table has a limited shelf life. For example, Rivian is releasing a battery option dubbed the “Max pack” which promises up to 400 miles, but is not yet EPA rated.
Where Does This Data Come From?
Source: Car and Driver (range), manufacturer websites (price)
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