Bitcoin's market cap has soared, nearing $1 trillion, positioning it as a major force.
Surpassing Tesla, Visa, and Warren Buffett's Berkshire Hathaway, BTC has secured the 10th spot globally in asset size by market cap.
With its momentum, Bitcoin is on the verge of outstripping Meta in market capitalization.
Over the past month, Bitcoin has seen a remarkable 20% surge, marking a whopping 150% increase since the beginning of the year.
Should BTC surpass the $69,000 mark, it could potentially overtake Nvidia and silver in market cap rankings.
Over the past 24 hours, Bitcoin (BTC) surged sharply above the $40,000 mark, significantly boosting the overall crypto market capitalization.
While our focus is primarily on Bitcoin's performance rather than the broader crypto market cap, the flagship cryptocurrency is now trading at approximately $41,500, nearing a staggering $1 trillion market cap. Notably, BTC has surpassed esteemed entities like Tesla, Visa, and even Warren Buffet’s Berkshire Hathaway, securing its spot as the world's 10th largest asset by market cap.
This recent surge marks a new era for digital assets, with Bitcoin's market cap surpassing $800 billion as of December 4th. At the start of the year, Bitcoin was below the market cap of Visa and Tesla.
The remarkable performance of BTC this year has propelled it ahead of Berkshire Hathaway and is competing fiercely with Mark Zuckerberg’s Meta. Meta, currently valued at around $834.76 billion, has seen a slight decline of about 1% while remaining within a narrow range after surpassing the $276 mark. However, BTC has displayed robust bullish trends, rallying by an impressive 4.6% in the last day, scaling from around $783 billion to approximately $817.3 billion.
BTC's recent surge of 20% in the past month and a staggering 150% year-to-date, as per CoinGecko data, raises the question: will BTC soon overtake Meta? With a market cap of approximately $811 billion, BTC stands just about $20 billion short of surpassing Meta.
This puts Bitcoin within about a 38% rally of its previous all-time high near $69,000. If this growth trajectory continues, BTC could potentially surpass Meta, Nvidia (presently valued at $1.15 trillion), and even silver (currently at $1.4 trillion) upon breaking above $69,000.
Analysts anticipate a potential average BTC price of $100,000 in the next bull cycle. If this unfolds, Bitcoin might position itself among the top three asset classes, competing closely with or outperforming entities like Microsoft and Apple.
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Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.