Surging beyond the likes of Meta and silver, Bitcoin now claims the 8th spot in global market capitalization rankings.
With its sights set on tech behemoths Google and Amazon, Bitcoin's ascent heralds a new era in digital finance. As it shatters records and challenges traditional assets, experts predict an even brighter future.
Discover why Bitcoin's remarkable journey is far from over, and why it's poised to redefine wealth accumulation in the digital age.
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Bitcoin Achieves 8th Position by Surpassing Meta and Silver in Market Cap Rankings
It has become evident that the market capitalization of Bitcoin (BTC) has surpassed that of silver, ranking it 8th in the market capitalization rankings of stocks and commodities.
The market capitalization of BTC had already entered the top 10 by surpassing companies like Tesla and Berkshire Hathaway last December. Currently, it has also exceeded the market capitalizations of Meta and silver.
According to the market capitalization rankings published on Infinite Market Cap, Amazon and Alphabet (Google) are ranked 6th and 7th, respectively.
The difference in market capitalization between Bitcoin and Google is approximately $280 billion.
"Bitcoin Eat Gold," States MicroStrategy Chairman
Bitcoin, often referred to as "digital gold," competes with gold. Michael Saylor, Chairman of MicroStrategy, in a recent interview with CNBC, mentioned, "Bitcoin will eat gold in the coming months."
He expressed that Bitcoin is far superior to other assets such as gold, real estate, and stocks, saying, "Bitcoin embodies all the excellent properties of gold, without any disadvantages."
Furthermore, Saylor highlighted the advantage of Bitcoin's ability to facilitate rapid and easy transfers compared to gold, suggesting, "People would prefer it if they could teleport gold from New York to Tokyo in minutes."
Bitcoin's price exceeded $70,000 on the 11th of this month, setting a new all-time high.
Given the numerous analysts and experts forecasting that "BTC will exceed $100,000 in this bull market," such predictions coming true could potentially lead to Bitcoin surpassing the market capitalizations of giants like Amazon and Google in the future.
>> For articles related to price predictions, click here.
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Robert Kiyosaki's Bold Prediction: Bitcoin to Hit $300,000 by 2024
Discover Robert Kiyosaki's bold Bitcoin prediction for 2024, where he forecasts a price of $300,000. Learn why starting small in Bitcoin investment is crucial and his views on it as an "escape parachute."
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