Bitcoin ranks as the 10th largest asset in the world, surpassing Tesla and Visa
Bitcoin It has established itself as one of the world’s best assets, securing the 10th place by market capitalization, beating industry giants such as Tesla and Visa.
Market Capitalization Milestone: Bitcoin Soars to $1 Trillion
With a market capitalization approaching $1 trillion, Bitcoin has established itself as one of the most valuable assets in the world. Surpassing big names like Tesla, Visa, and JPMorgan, Bitcoin’s market capitalization is now nearly $1 trillion, with its current price hovering around $48,179.
Expert Predicts Fuel Optimism Amid Bull Market
Industry experts and analysts are optimistic about Bitcoin’s trajectory, with many predicting a significant price surge in the near future. CryptoQuant CEO Joo Ki-young expects the value of Bitcoin to increase by 160% and has a target price of $112,000 or as low as $55,000 this year.
Also Read: Bitcoin Halving: Analysts Predict a Future Where BTC Could Surpass Gold at $500,000
Likewise, respected cryptocurrency analyst Stockmoney Lizards suggested that Bitcoin may have established a new support level at $40,000, citing historical patterns specifically related to the Bitcoin halving event.
Key Takeaways:
- Bitcoin has grown to become the 10th largest asset globally, surpassing the market capitalization of Tesla and Visa.
- Experts expect the price of Bitcoin to reach $55,000 to $112,000, driven by significant inflows into the spot Bitcoin ETF market and historical patterns surrounding the Bitcoin halving event.