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Bitcoin Surpasses Tesla and Visa, Becoming the 10th Largest Asset

  • The leading cryptocurrency Bitcoin, based on market capitalization, has risen to become one of the top assets worldwide, showcasing its position in the financial markets.
  • Bitcoin now stands as the 10th largest asset, following only precious metals like gold and silver, and some prominent technology companies such as Microsoft, Apple, and Amazon.
  • Bitcoin has currently achieved a market capitalization of nearly $1 trillion, with its price standing at $48,179.

Bitcoin’s price has seen a significant increase in market capitalization with a resurgence: Surpassing Tesla and Visa!

Bitcoin Surpasses Major Companies

bitcoin-btc

The leading cryptocurrency Bitcoin, based on market capitalization, has risen to become one of the top assets worldwide, showcasing its position in the financial markets. It now ranks as the 10th largest asset on a long list that includes public companies, precious metals, cryptocurrencies, and ETFs.

Bitcoin follows only precious metals like gold and silver, as well as some leading technology companies such as Microsoft, Apple, and Amazon. According to this ranking, Bitcoin has surpassed Tesla, owned by Elon Musk, payment giant Visa, and even banking giant JPMorgan.

Bitcoin has currently achieved a market capitalization of nearly $1 trillion, with its price standing at $48,179. Specifically, Bitcoin’s market value surpasses that of Tesla, Visa, and JPMorgan, which have market values of $947.07 billion, $616.47 billion, and $567.80 billion, respectively.

The next cryptocurrency, Ethereum, ranks 36th among the top 100 assets. Gold remains at the top of the list with a market capitalization of $13.6 trillion. Notably, the market value of gold has currently dropped to $2,039, showing a 0.45% decrease overnight.

In the past few days, Bitcoin has displayed some positive sentiments indicating a bullish run. Additionally, market observers and analysts are optimistic about the possibility of Bitcoin reaching a new peak in this ongoing rally.

High Predictions for BTC Price

As reported by COINOTAG, CryptoQuant CEO Ki Young Ju expressed his bullish view on Bitcoin’s price on X. Going as far as predicting a 160% increase for the coin, he mentioned that Bitcoin could reach $112,000 this year or at least $55,000.

Ju’s sentiment is driven by the significant entries into the spot Bitcoin ETF market in the last month. So far, the ecosystem has recorded entries of up to $9.5 billion despite major Grayscale exits.

Similarly, renowned crypto analyst Stockmoney Lizards suggested that Bitcoin might have found a new floor price at $40,000. The White Lizard made this statement based on specific patterns he examined, including the popular Bitcoin halving event. Lizards acknowledged that Bitcoin halving always precedes a bullish run.

Based on historical trends, he noted that the next halving event is scheduled for April. Therefore, investors may need to wait for the future of Bitcoin after the halving event. Considering the previous downward movement before the last halving and the current better performance than before, it is said that this phase might be over now.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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