Bitcoin looks to surpass Meta in total value as crypto climbs

Bitcoin (BTC) reached $50K again on Feb.12, hitting a market cap value of $981.86 billion. Compared against the world’s most valuable companies' stocks and precious metals, Bitcoin has once again entered the top 10 most valuable assets by market capitalization.

As Cointelegraph recently reported, Bitcoin reached $50K again for the first time since Dec. 2021 amid apparent investor excitement over Bitcoin exchange-traded funds and the upcoming ‘halvening’ playing a substantial role.

If the bullishness continues, Bitcoin could find itself climbing the market capitalization charts. Its previous all-time-high led to a market cap of $1.28 trillion at $67,617.02 per bitcoin.

As of the time of this article’s publication, BTC is sitting comfortably in the number 10 spot with Meta (previously listed as Facebook) ahead by about $235 billion at a value of $1.214 trillion. While it’s unlikely that BTC will make up the difference in a single gulp, the current 24-hour trend shows Meta up 1.73% with Bitcoin up 3.22%.

If Bitcoin manages to surpass Meta, next up would be silver ($1.28T) and Amazon, Nvidia, and Alphabet (all around $1.8T). After that, it’s smooth sailing until the $2-trillion-dollar-club where Bitcoin would need to reach somewhere around $100K per coin to start competing with Saudi Aramco, Microsoft, and Apple.

#news #btc #tech #meta

Feb-13-2024 08:46:46 AM