After Donald Trump’s victory, Dogecoin may have benefited the most instead of Bitcoin, but the price and market cap of the world’s largest cryptocurrency have reached record levels. The price of Bitcoin is close to 90 thousand dollars during the trading session, while the market cap has even crossed the GDP of many countries. Yes, the GDP of countries like Türkiye, Indonesia and Spain is competing with the market cap of Bitcoin. On the other hand, the market cap of some companies has also lagged far behind the total market of Bitcoin. Talking about asset class, Bitcoin has overtaken silver to become the 8th largest asset class in the world. Let us also tell you how much has the price of Bitcoin become and how much bigger has the market cap of Bitcoin become than the GDP of Spain and other big countries of the world?
Bitcoin near 90 thousand dollars
The price of Bitcoin, the world’s largest cryptocurrency, has reached close to 90 thousand dollars. According to Coin Desk data, the price of Bitcoin reached a life time high of $89,995.12. In the morning, an increase of more than 10 percent was seen in the price of Bitcoin. Now at 4:45 pm, the price of Bitcoin is trading at $87,741.89 with an increase of about 7 percent. By the way, since last one week i.e. 5th September, there has been an increase of 26 percent in the price of Bitcoin. An increase of 136 percent has been seen in one year.
What is the market cap?
Due to the continuous rise in the prices of Bitcoin, an increase in the market cap has also been seen. At present, the market cap of Bitcoin has crossed 1.75 trillion dollars. The special thing is that Bitcoin has become the 8th largest asset in the world. On Tuesday, Bitcoin has left Silver behind in this matter. Whose market cap is 1.73 trillion dollars. By the way, the overall market cap of cryptocurrency has come to $2.94 trillion. In which an increase of 5 percent has been seen in comparison to the last 24 hours. According to experts, due to the rise in Bitcoin and overall crypto market in the coming days, there may be further increase in the market cap of both.
Bitcoin became bigger than these big companies
On the other hand, the market cap of Bitcoin has become bigger than the market cap of the world’s top companies. Bitcoin has overtaken Facebook’s parent company Meta Platforms, whose market cap is $1.472 trillion. On the other hand, the world’s richest businessman Elon Musk’s company Tesla has also been left behind. At present, Tesla’s market cap has crossed $1.123 trillion. On the other hand, Berkshire Hathaway, the company of world’s largest investor Warren Buffet, is also behind Bitcoin and the total market cap of the company is 1.007 trillion dollars.
GDP of these countries was also left behind
Bitcoin has not created history by just surpassing silver or the market cap of some companies. In fact, the GDP of many countries has also been left behind. The GDP of Spain, which is one of the largest economies of Europe, has become less in comparison to Bitcoin. The GDP of Spain, the 15th largest economy in the world, is currently 1.73 trillion dollars. The GDP of countries like Indonesia and Türkiye has also paled in comparison to Bitcoin. At present, Indonesia’s GDP is seen at 1.4 trillion dollars. If we talk about Türkiye, we are seeing 1.34 trillion dollars. In the coming days, the market cap of Bitcoin may even surpass the GDP of countries like Australia and Mexico.
