Bitcoin Surpasses Berkshire Hathaway and Tesla in Market Capitalization
Bitcoin (BTC) has entered the top 10 assets by market capitalization.
According to Infinite Market Cap, BTC has lagged giants such as Berkshire Hathaway, Tesla, and Visa. According to the portal, Bitcoin’s market capitalization has reached $809.6 billion, about 3% less than social media giant Meta, which currently has a market capitalization of $834.76 billion.
Bitcoin market capitalization soared from November 27 to December 3. That figure has since grown from $724.03 billion to $816.94 billion, hitting a high not seen since March 2021, according to CoinMarketCap.
This jump comes against the backdrop of a sharp increase in the value of a single Bitcoin, which at the time of this writing has surpassed $41,000.
The price of the world’s largest and oldest cryptocurrency fell below $40,000 in April 2022. However, Bitcoin has surged over the past few months thanks to hopes that a Bitcoin spot exchange-traded fund (ETF) could be approved for launch in the United States. 2024.
In recent weeks, cryptocurrency industry executives have been predicting the start of a new bull cycle, with a growing number of industry analysts optimistic that Bitcoin will hit new all-time highs above $100,000 by 2024.
Source: https://crypto.news/bitcoin-surpasses-berkshire-hathaway-and-tesla-in-market-cap/
