Tag Archives: trillion

Crypto market cap touches trillion dollar mark for first time since early November

Crypto market cap touches trillion dollar mark for first time since early November

The total market capitalization of cryptocurrencies rose above $1 trillion on Wednesday morning for the first time since November 8. This latest rally in crypto has been led by bitcoin (BTC-USD), which briefly spiked to as high as $21,501 as of 9:15 a.m. ET. Bitcoin is up more than 20% from where it traded just one week ago and has gained roughly 30% so far this year. Shortly after hitting his milestone, crypto prices dropped along with broader markets. Near 12:20 p.m. ET, bitcoin was trading… Source link

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A net-zero world could generate $10.3 trillion by 2050, new report finds

A net-zero world could generate $10.3 trillion by 2050, new report finds

The green transition could spur huge economic gains as the world looks to curb climate change, a new report finds. A study from Oxford Economics and Arup estimated that green industries could add $10.3 trillion to the world’s economy — or 5.2% of global GDP — by 2050 under a net-zero scenario. The report made the case that governments and businesses, under increasing pressure from costly climate-related weather events, may begin to see a rapid transition away from fossil fuels as a net… Source link

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Tesla valuation reaching $4 trillion is ‘quite a bit of a stretch,’ analyst says

Tesla valuation reaching $4 trillion is ‘quite a bit of a stretch,’ analyst says

Elon Musk’s latest lofty prediction for Tesla (TSLA) looks pie in the sky, even by his standards. “I see a potential path to be worth more than Apple and Saudi Aramco combined,” Musk proudly proclaimed on the company’s earnings call on Wednesday. Doing the math, that would put Tesla’s worth at about $4 trillion at some point. Tesla’s current market cap is $652 billion, according to Yahoo Finance data. Analysts say that valuation may not happen for eons, if at all. “That seems quite a bit of a… Source link

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