Bitcoin is currently the 10th largest asset in the world by market capitalization, with a larger market capitalization than several multi-billion dollar companies. The company’s market capitalization topped $800 billion on Dec. 4, surpassing Berkshire Hathaway on the list of top assets by market capitalization. Bitcoin is Tesla, Walmart, Visa, and other top companies.
Bitcoin soared above $40,000 last weekend and has continued to soar over the past month. Equity investors are back on the crypto train, raising expectations for investments in the digital asset industry. Bitcoin price rose 5% on Monday, hitting a 19-month high above $42,000. Potential SEC approval for a Spot Bitcoin ETF will only add fuel to the Bitcoin fire, potentially causing the asset to surge even further as 2023 ends and 2024 begins.
Cryptocurrency lawyer John Deaton commented on the achievements of Bitcoin to X. “This is a pretty big bottle of rat poison,” Deaton wrote, citing Berkshire Hathaway CEO Warren Buffett, who famously called Bitcoin “rat poison squared” in 2018. . Buffett has been a vocal opponent of Bitcoin. It’s called a “gambling token”” In early 2023.
Also read: Bitcoin hits 19-month high of $42,000. Will the momentum continue?
Bitcoin ranks just behind Metaplatform (formerly Facebook) and Nvidia on the list. Meta and Nvidia currently have market values of $834 billion and $1.2 trillion, respectively. Other assets that Bitcoin has surpassed in market capitalization include HSBC, Mastercard, McDonald’s, and Bank of America.