Bitcoin's Market Value Approaches $2 Trillion, Chasing Amazon and Alphabet

Bitcoin is hot again! Today, this asset has reached a historical high, with its market value soaring, and the entire cryptocurrency market has also benefited, hitting a new high of $3.34 trillion.

According to CoinWorld, on November 21, Bitcoin's market value soared to $1.93 trillion, matching its price of $97,850, both being historical highs.

Currently, Bitcoin's market value is even greater than that of Saudi Aramco, the sixth-largest company in the world, just trailing Amazon by a small margin, with a $230 billion difference.

If Bitcoin were a company, it would now be the sixth largest in the world, with only Amazon and Aramco ahead.

The rise in market value is simply crazy! Bitcoin is almost catching up to 11% of the gold market, which has a total value of $17.68 trillion. Its market value is more than half that of Nvidia, the largest company in the world, which has a market value of $3.6 trillion. Bitcoin's market value is also 10% larger than the entire market value of silver.

I heard that Trump's team is still pondering whether to set up a position in the White House specifically to study cryptocurrency policy. When this news broke, Bitcoin's price dropped by 6%.

Market analyst Tony Sycamore said that buyers are currently too aggressive, and sellers can't keep up at all. Although the price is about to break $100,000, it's uncertain what will happen next, but this demand is truly unstoppable.

Hunter Horsley, CEO of Bitwise, also stated that the world's largest wealth transfer plan is not taxes or welfare, but Bitcoin. The popularity of Bitcoin has provided a lot of people with different ideas and values more resources to express themselves. This is one way Bitcoin is changing the world; although it's not very conspicuous, it's quite meaningful.

Bitcoin has also announced plans to accelerate asset purchases. In the U.S., the spot Bitcoin ETF has made its debut for the first time, and this week's momentum is truly unstoppable.

BTC's status is also soaring. With today's rise, its market share has reached 61.8%, and those altcoins are really suffering.

This wave of adjustment will refine true gold, finding a strong coin with a strong backing that rises against the trend, and the next high-multiple target is just waiting for its performance! Like and comment to reach 88 for a reveal!