The world's first crypto asset. Difficult to follow the evolution of the price of Bitcoin for a few days. Because BTC has finally started in a dynamic of discovery of a new summitdont everyone is wondering at what level he will be. A context which allows this cryptocurrency emblematic of establishing itself in eighth position of the main global assets. Indeed, its market capitalization now exceeds that of physical silver with a total greater than $1.75 billion… evolving in real time.
- Bitcoin has reached a market capitalization exceeding $1.75 billion, surpassing physical silver and establishing itself as the eighth largest global asset.
- This dynamic was intensified by the election of Donald Trump, causing a sudden rise in Bitcoin, with analysts advising heavy buying in the face of rising FOMO.
Bitcoin: capitalization greater than that of money
Difficult to follow Bitcoin’s recent surge beyond its last all-time highnow outdated. Indeed, BTC seems determined to display a new high several times per day since the middle of last week.
A situation which excites investors. This is to the point of pushing the analysts of the very serious company Bernstein to advise to “buy everything you can”in a rush of FOMO barely believable.
This shows to what extent the situation is currently under high tension in the cryptocurrency market. With as the main catalyst at the end of the year, the recent election of Donald Trump as the 47th President of the United States.
At the time of writing, the price of Bitcoin is just shy of $90,000. And this allows it to display a total capitalization greater than $1.75 billion. That is to say more than that of physical silver, which fell by a little more than 6% over the last week, to reach $1.73 billion.
BTC becomes the 8th global asset
And like every time Bitcoin hits the ceiling, the records follow one another as quickly as he pulverizes the successive summits one behind the other. This is to the point of making BTC the 8th most powerful asset on the planetafter a sudden rise of 2 places.
Indeed, the recent increase in Bitcoin projects him in this ranking, behind gold and its 17.5 billion dollars. But also following giants like NVIDIA, Apple, Microsoft, Alphabet, Amazon and the oil and natural gas company Saudi Aramco ($1.8 billion).
A situation largely accentuated by the principle of scarcity associated with BTCconsidered as a possible solution to current economic uncertainties. And now it is the leading analysts of global financial markets who are addressing its possible digital gold status.
“The fact that gold is still 10 times better than Bitcoin is incredible. Not only does this show how important gold is, but it also shows how important Bitcoin could be. »
Kobessi
Something new seems to be emerging in the course of the next Bitcoin bull market. And this takes the form of a acceleration of FOMO among the ultra-rich within this equation currently being written. With the promise of peaks never seen before so far.
