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Yesterday Bitcoin (BTC) made history with an asset price spike exceeding $ 21,000 leading to a total market capitalization of $ 390 billion.
More excitingly, at the time of writing the BTC price was at $ 22,260 making the market capitalization increase to $ 416 billion.
Indirectly, when compared to major stock market capitalization, this crypto king is ranked # 12 in the world leading bank, JP Morgan & Chase Co. including Walmart, Mastercard and Disney!
Satoshi Nakamoto Assets is currently facing Visa Inc., Berkshire Hathaway Inc., Tesla Inc., Tencent Holdings Ltd, Alibaba Group Holdings Ltd, Facebook Inc., Alphabet Inc. (Google firm), Amazon Inc., Microsoft Corporation and Apple Inc.
Bitcoin also managed to cut fiat currency, becoming the 15th largest currency in the world when compared to the M1 * money supply.
Sweden for example, the entire supply of M1 money has been defeated by the current Bitcoin market capitalization which is far more valuable.
BTC is ranked 28th compared to the supply of M2 ** in Luxembourg and Poland.
Basically, the key to Bitcoin’s performance depends on its liquidity. The liquidity of national currencies is concentrated in certain regions and conventional stocks also have investment restrictions.
