Oh, my my… Excuse me. Bitcoin seems to have got pretty famous already, it’s no more a small unknown or ignored asset. BTC is flashing big, in golden colours I imagine. Bitcoin(BTC) is now one of the world’s 11 most top assets in terms of its market capitalisation.
Ha..ha...crazy, but Bitcoin’s market cap which can be checked at companiesmarketcap.com, the digital gold asset has surpassed the market caps of many of the world’s biggest companies of the likes of Visa, Master card, Walmart, Samsung, JPMorgan Chase and even investing legend Warren Buffet’s company Berkshine Hathaway.
Warren Buffet who called Bitcoin ‘rat poison’ got a gift of 1 BTC!!
Excuse me once more, dear 90 year old Warren Buffet never believed in Bitcoin, he called it rat poison. Mr Justine Sun, (the famous personality to many of us Steem and HIVE writers and witnesses) had paid $4.67 and won the auction to be with Warren Buffet in his charity dinner where Justine claims to have tried to convince Buffet about the merits of cryptocurrencies, but failed in it.
Justin had gifted grand uncle Buffet one Bitcoin inside a Samsung Galaxy Fold in that event.
Alas, I wish Mr Justin had gifted me some Bitcoin too, if not one, just a few santoshis at least, but of course, that would have been a impossibility as that would not have given him much of a publicity to benefit his questionable crypto enterprise Tron that’s captured Steem Blockchain and had many of us migrate to HIVE Blockchain, that is a fork of the Steem Blockchain...but never mind those old historic Blockchain split episodes and dramas.
Bitcoin’s Market Cap can still get bigger than precious metals - lets see!!
Bitcoin’s market cap is now - 736$ billion, and it’s huge and looks like it’s market cap would keep increasing in the near future and who knows it may become trillions of dollars, beating the silver metal’s market cap at 1.3$ trillion and maybe it’s possible BTC can surpass the market capitalisation of the valuable metal gold which is the world’s biggest asset in terms of its market cap, now at 11.7$ trillion!!
MArket Cap symbolizes the valuation of an asset, if it’s a company, it’s the cumulative value of all the assets of the enterprise and if it’s a cryptocurrency, then it’s the value of all the coins in circulation. A crypto’s market cap is calculated by multiplying the price of the digital asset with the number of coins in circulation.