Bitcoin Overtakes Silver in Market Valuation Amid 'Trump Effect'

📆 12.11.2024 18:05:00
📰 Newsweek

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Bitcoin is now the world's eighth largest asset, surpassing the safe-haven commodity.

Bitcoin has become the eighth largest asset in the world following Donald Trump's election success last week.In the last 24 hours, the cryptocurrency overtook silver to become the world's eighth largest asset, reaching a market capitalization of $1.752 trillion and narrowly surpassing silver's $1.726 trillion.

39 in the five days leading up to Tuesday, November 12.During his 2024 campaign, Trump's interest in the cryptocurrency market grew, despite him previously deriding Bitcoin as 'a scam.''I don't like it because it's another currency competing against the dollar,' he said in 2021. He later said he wanted the U.S. to become 'the crypto capital of the planet.

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