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Home » Bitcoin Overtakes Tesla and Visa: Ranks as 10th Largest Asset Globally

Bitcoin Overtakes Tesla and Visa: Ranks as 10th Largest Asset Globally

Hania by Hania
February 13, 2024
in Bitcoin News
Reading Time: 2 mins read
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Bitcoin Overtakes Tesla and Visa: Ranks as 10th Largest Asset Globally
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Bitcoin has climbed the ranks to become one of the top assets globally, securing the 10th position in terms of market capitalization, surpassing industry giants like Tesla and Visa.

Market Cap Milestone: Bitcoin Soars to $1 Trillion

With its market capitalization approaching the $1 trillion mark, Bitcoin has solidified its position among the world’s most valuable assets. Surpassing renowned entities such as Tesla, Visa, and JPMorgan, Bitcoin’s market cap now stands at nearly $1 trillion, with its current price hovering around $48,179.

Expert Predictions Fuel Optimism Amidst Bullish Run

Industry experts and analysts are optimistic about Bitcoin’s trajectory, with many predicting significant price surges in the near future. CryptoQuant CEO Ki Young Ju foresees a remarkable 160% increase in Bitcoin’s value, projecting a target price of $112,000 or a low of at least $55,000 for the year.

Bitcoin Overtakes Tesla and Visa: Ranks as 10th Largest Asset Globally

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Also Read: Bitcoin Halving: Analysts Predict a Future Where BTC Could Surpass Gold at $500K

Similarly, Stockmoney Lizards, a respected crypto analyst, suggests that Bitcoin may have established a new support level at $40,000, citing historical patterns, particularly related to Bitcoin halving events.

Key Takeaways:

  • Bitcoin ascends to become the 10th largest asset globally, eclipsing the market capitalization of Tesla and Visa.
  • Experts forecast substantial price gains for Bitcoin, with predictions ranging from $55,000 to $112,000, driven by significant inflows into the spot Bitcoin ETF market and historical patterns surrounding Bitcoin halving events.
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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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