Bitcoin, the cryptocurrency created just over a decade ago that has been ridiculed by many, has once again achieved a massive milestone by entering the noteworthy top 10 list of the largest assets by market capitalization.
After a brief but violent correction, Bitcoin started regaining value once again, especially in late January and February. The past few weeks have been particularly favorable for the asset, whichfrom $44,000 on February 7 to over $60,000 earlier today. As such, the cryptocurrency charted its highest price tag since November 2021 and its market capitalization skyrocketed to $1.185 trillion.
What’s particularly interesting about those two giants is that their leaders – Warren Buffett and Jamie Dimon – have been bashing Bitcoin for years, calling it everything from “As the graph above demonstrates, Bitcoin is not far behind Meta and the second-biggest commodity – silver. However, the road ahead seems more challenging as Alphabet, Amazon, NVIDIA, and Saudi Aramco are with market caps higher by more than $500 billion.
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