Bitcoin continues to expand and expand, as its total market value recently exceeded $ 1 trillion, which means that the market value of Bitcoin is now higher than the two largest financial services companies, “Visa” and “MasterCard” together.
In addition, the market value of BTC is also higher than many of the largest banks in the United States, including JP Morgan, Bank of America and Citigroup.
Bitcoin is higher than “Visa” and “MasterCard”:
Bitcoin rose spectacularly since early October, rising above the level of $ 10,000, after which it continued its rise until the moment, reaching the level of $ 60,000, more than six times what it was in October 2020.
Of course, the total market value of cryptocurrencies was affected, and their total value rose above $ 2 trillion, of which Bitcoin represents 54.1%.
Bitcoin’s rise has made the total market value of it outperform prominent names and companies such as:
“Netflix”, “Walmart”, “Samsung”, “Alibaba”, “Berkshire Hathaway”, “Tesla”, and “Facebook” …
Now the target of Bitcoin is Google, which is about 400 billion away, followed by Amazon and Saudi Aramco.
Bitcoin, with its recent rise, was able to occupy the sixth place among the list of largest assets in terms of total market value:
According to the “assetdash” website, the “Visa” company is currently ranked thirteenth in terms of market value at a value of $ 490 billion, while the “MasterCard” company ranks eighteenth with a value of $ 374 billion.
Adding the market value of the two companies together is equal to $ 864 billion.
Meaning, Bitcoin is larger than both.
Interestingly, Visa and MasterCard have been pursuing pro-cryptocurrency approaches quite recently as both announced plans to enable cryptocurrency purchases directly on their platform.
Bitcoin is larger than “JPM”, “BOA” and “Citi”:
When comparing Bitcoin to the giant financial banks that are based in the United States and especially those who have criticized the base cryptocurrency over the years.
JP Morgan, the company whose CEO once called Bitcoin a “scam”, has a market value of $ 473 billion.
Whereas, “Bank of America, which recently said that Bitcoin is too impractical and volatile, has a market capital of $ 345 billion.
Meaning that their combined number is $ 818, which means that it is much less than Bitcoin.
Even if we add financial banks like Wells Fargo and Citigroup to former banks, their combined value is finally equivalent to the bitcoin value estimated at $ 1.1 trillion.