• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin News

Bitcoin market cap crosses $500 billion

Kamsi King by Kamsi King
Dec 31, 2020 05:33 pm
in Bitcoin News
2 min read
Crypto market
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Bitcoin market cap is now over $500 billion
  • This makes it the biggest financial service in the world

If anyone had foreseen that the Bitcoin price was going to be hitting above the $25k mark earlier this year, such a person would have been derided and he would have been labeled a joker. But Bitcoin price not only exceeded that, the coin is hitting very close to the $30k mark.

RelatedPosts

Bitcoin price prediction: Bitcoin retests $61,000, prepares to move higher over the weekend 

Ukrainian politician admits to losing access to 400 BTC wallet

Europe’s leading insurer AXA now accepts Bitcoin payment

Bitcoin regulation: More drama ahead, World Economic Forum official warns

The same way it would have made for a very laughable subject if anyone had ever spoken about Bitcoin market cap one day being able to beat that of Visa and MasterCard. But that is the reality of today, Bitcoin market cap has totally usurped two of the biggest financial institutions in the world.

Presently, Bitcoin has reached a staggering $524 million in its market cap size. This places the crypto asset on par with other institutional giants like Tencent and Alibaba based on the size of their market cap.

Bitcoin was able to achieve this feat due to its incredible rally of late that saw the digital asset value rise to its current all time high of $28,537. Ever since getting to this high, the coin has been moving between the $26k and $28k level.

Bitcoin market cap makes it the largest financial service in the world

Since Bitcoin market cap usurped that of Visa, Bitcoin has become the largest financial service in the world.

While it may not be so easy to compare both because Bitcoin is a P2P software while Visa, on the other hand, is a business geared to harness profit. However, theoretically, the crypto asset is now one of the largest companies in the world based on market cap. It is ahead of companies like Samsung, Walmart, Coca Cola and others.

Bitcoin’s market cap rise can be linked to the asset rise in price which was driven by the large amount of institutional investors. 

Kamsi King

Kamsi King

King Kamsi is a fintech and digital currency writer and enthusiast. He is keenly interested in blockchain and cryptocurrency and their global adoption. When not busy with writing, he can be found hobnobbing in forums with the best minds in crypto, both developers and startup founders.

Related Posts

Bitcoin Price Prediction 2021-04-16
Bitcoin News

Bitcoin price prediction: Bitcoin retests $61,000, prepares to move higher over the weekend 

2021-04-16 09:32 am
Ukrainian politician admits to losing access to 400 BTC wallet
Bitcoin News

Ukrainian politician admits to losing access to 400 BTC wallet

2021-04-15 14:03 pm
Europe's leading insurer AXA now accepts Bitcoin payment
Bitcoin News

Europe’s leading insurer AXA now accepts Bitcoin payment

2021-04-15 11:51 am
Bitcoin regulation
Bitcoin News

Bitcoin regulation: More drama ahead, World Economic Forum official warns

2021-04-15 11:15 am
Bitcoin Price Prediction 2021-04-15
Bitcoin News

Bitcoin price prediction: Bitcoin to consolidate after retesting $62,000 support

2021-04-15 08:13 am
Bitcoin Price Prediction 2021-04-14
Bitcoin News

Bitcoin price prediction: Bitcoin peaks below $65,000, targets $62,000 in a retracement

2021-04-14 17:42 pm

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • Ripple price prediction XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1301 shares
    Share 520 Tweet 325
  • DOGE Price Prediction: Dogecoin to the moon, to hit its $0.2 target after safeguarding support

    1234 shares
    Share 494 Tweet 309
  • Cardano price prediction: ADA fails to break above $1.50, what’s next?

    1159 shares
    Share 464 Tweet 290
  • XRP Price Prediction 2021, 2023, 2025, 2030

    1053 shares
    Share 421 Tweet 263
  • Dent Token Prediction for 2021 – 2025

    936 shares
    Share 374 Tweet 234

Latest News

Ethereum Price Prediction 2021-04-16

Ethereum price prediction: Ethereum retests $2,300, prepares for another move higher over the weekend 

April 16, 2021
ARK Invest bought additional $110 million worth of Coinbase shares

ARK Invest bought additional $110 million worth of Coinbase shares

April 16, 2021
Turkey central bank sets to ban payment in cryptocurrency

Turkey central bank sets to ban payment in cryptocurrency

April 16, 2021
Dogecoin

Dogecoin price surge to new all-time high price at $0.3

April 16, 2021
Litecoin price

Litecoin price prediction: LTC rejected at $300, what’s next for the crypto?

April 16, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News

Binance News
Ripple News
Cardano News

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.