Bitcoin Has Passed the Largest Financial Companies

We see Bitcoin in the first place in CoinMarketCap’s ranking of companies that only provide financial services. It reveals that Bitcoin’s market capitalization has risen above $900 billion, setting a new all-time high at $49,700. BTC with this market cap;  It exceeds the value of financial giants Visa ($462.93 billion), PayPal ($349.44 billion) and Mastercard ($339.10 billion).

Bitcoin Has Passed the Largest Financial Companies Image 1


Bitcoin is now larger than JPMorgan Chase ($430,720,000,000), Bank of America ($288,670,000,000) and Citigroup ($132,480,000,000), according to market capitalization data. At the same time, we see that Ethereum has found its place in the top 10.

Bitcoin (BTC), known as the leader of crypto coins, has just taken its place as the ninth best asset by market capitalization. In the past days, we see Bitcoin increasing its strength by breaking its own price record and pricing over $ 49,000.

Bitcoin Has Passed the Largest Financial Companies Image 2


According to the CoinMarketCap list, it ranks ninth in the list of the most adequate assets by market capitalization. Gold, which has a market value of $ 11.59 trillion, is at the top of the list. Gold;  iPhone maker Apple, oil and gas giant Saudi Aramco and tech giants Microsoft and Amazon are watching. Leading cryptocurrency;  In the ranking, it ranks above electric car company Tesla, social media giant Facebook and Chinese e-commerce company Alibaba.

In recent developments, we see that the support for Bitcoin continues. Twitter is putting Bitcoin on its agenda. Twitter’s chief financial officer, Ned Segal, said they could add Bitcoin to their reserves. Square, the big payment company where Twitter’s CEO Jack Dorsey is also the CEO, added Bitcoin to its balance sheet last year. In another development, US electric vehicle manufacturer Tesla bought Bitcoin worth $ 1.5 billion and said it would accept it as a form of payment for its cars in the near future. Tesla’s statement contributed greatly to the valuation of BTC’s price. Such developments  seem to be a harbinger that Bitcoin may be at higher levels in the future.

Create an account

Now create an account where you can use your knowledge.