Bitcoin Above Visa in Market Cap

[Bitcoin_bullish]

Bitcoin with the recent price rise to $25,000 surpassed the market cap of payments processor Visa and is now above it in this metric.
Bitcoin has been performing incredibly this year and gives us hope for a prolonged bull run in 2021.


The image is taken from this website that is tracking price and capitalization of the top assets in the fields of Stocks, Cryptocurrencies, and ETFs.

This is the second time Bitcoin was higher than Visa in market cap. First time was in 2017 when Bitcoin reached $18,000.
Above Bitcoin and next big target is Berkshire Hathaway, the Warren Buffett company who has always been negative towards Bitcoin.



BTC is taking over the world

[mk4]

Cool statistic, but meh. Comparing the marketcap of a digital asset to a business simply just doesn't make that much sense. Call me when bitcoin reaches gold's marketcap.

[Bitcoin_bullish]

Cool statistic, but meh. Comparing the marketcap of a digital asset to a business simply just doesn't make that much sense. Call me when bitcoin reaches gold's marketcap.

Slowly it can make it. First take over Buffett and make him change his mind. He invested in gold and nothing in Bitcoin, maybe he will understand one day.
But I think you are right, gold is the real target, and comparing Bitcoin with companies is just for the news headlines.

$10 trillion USD market cap could happen with increasing adoption. Price will have to grow to $400k-500k and it will not happen in the next two years but perhaps in ten it can be achieved.

[cytpoway121]

Cool statistic, but meh. Comparing the marketcap of a digital asset to a business simply just doesn't make that much sense. Call me when bitcoin reaches gold's marketcap.

Bitcoin reaching Gold marketcap will be the biggest thing to ever happen in the blockchain and crypto currency space lol and i believe that it is achievable. I also feel bitcoin above Visa will be a momentarily event which we should milk well as traders / investors. It is getting clearer each day that Bitcoin is the future.

[Charles-Tim]

Apple is the first on the list with aarketcap of $2,243,727,809,940 as of the time I posted this. With time, bitcoin will surpass even apple, and at the time, it will not be a surprise anymore. Bitcoin is decentralized, deflationary and money which is just being supported and used by people, this is what will take its price to all-time-high that will will make it's marketcap to be more than that of Apple one day.

[mk4]

Slowly it can make it. First take over Buffett and make him change his mind. He invested in gold and nothing in Bitcoin, maybe he will understand one day.

1. Buffett himself doesn't make moves on tech, and they only invest in things that produces cash flow.
2. Berkshire Hathaway didn't invest in gold. They invested in a gold mining company. Huge difference.

[Twinkledoe]

Cool statistic, but meh. Comparing the marketcap of a digital asset to a business simply just doesn't make that much sense. Call me when bitcoin reaches gold's marketcap.

Slowly it can make it. First take over Buffett and make him change his mind. He invested in gold and nothing in Bitcoin, maybe he will understand one day.
But I think you are right, gold is the real target, and comparing Bitcoin with companies is just for the news headlines.

$10 trillion USD market cap could happen with increasing adoption. Price will have to grow to $400k-500k and it will not happen in the next two years but perhaps in ten it can be achieved.

I don't know if Buffett has really zero portfolio in crypto, in any alt out there. Maybe he is just silent about it even if he says he doesn't like bitcoin and he will never own one. BTC is already in the 24k level, is he still going to say that crypto has no value as per his statement in this article? - https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html

But the comparison table from the OP is really a very inspiring one for all crypto enthusiasts. Interesting if it will go up in the top 5 in the future.

[Kakmakr]

This has been a controversial subject before, because the "Coin Market Cap" statistics has been highly debated issue for a lot of people. There are so many unknown variables in a mostly unregulated market like Crypto currencies.

You can use this as a guideline, but do not think that it is a very accurate reflection of what is really happening in the whole market. The real demand and Supply might be much higher or even lower than what is reflected on major exchanges. (OTC / P2P transactions etc)  

Still glad we are up there with the big boys!

[Bitcoin_bullish]

Slowly it can make it. First take over Buffett and make him change his mind. He invested in gold and nothing in Bitcoin, maybe he will understand one day.

1. Buffett himself doesn't make moves on tech, and they only invest in things that produces cash flow.
2. Berkshire Hathaway didn't invest in gold. They invested in a gold mining company. Huge difference.

He can invest in Bitcoin mining perhaps then. All the Bitcoin mining firms should be having very profitable results for the year.

[irixo10]

This is just the beginning and I believe others will be on their toes to implement more services so that they can continue being above Bitcoin. But seriously, with Bitcoin market cap above that of Visa is another great feat which has been achieved this year, hence confirming the fact that despite the heavy blows of Covid-19 and every other thing, Bitcoin is still the best cryptocurrency and of course more better than ever. In addition, this also proves a lot of people wrong, especially those who doesn't see anything good in Bitcoin hence telling them that the future of Bitcoin is only but bright.

[mk4]

He can invest in Bitcoin mining perhaps then. All the Bitcoin mining firms should be having very profitable results for the year.

He could if he finds a company that fits his requirements in terms of the company's balance sheet and financials. But then again, bitcoin mining companies pretty much fits the "tech" category, which again, he's not interested in because it's not in his circle of competence.

People really need to stop fantasizing about Buffett buying bitcoin because this isn't going to happen.

[ChrisPop]

Cool statistic, but meh. Comparing the marketcap of a digital asset to a business simply just doesn't make that much sense. Call me when bitcoin reaches gold's marketcap.

Well said, man. Stocks are valued differently than Gold and other assets like fiat currencies. Of course the same principle of supply and demand applies, but intrinsically their value comes from the revenue the company makes. In other words a company is so limited in comparison to an asset that can replace precious metals as the safe haven in moments of crisis AND also replace fiat as a means of payment.

[peter0425]

Bitcoin with the recent price rise to $25,000 surpassed the market cap of payments processor Visa and is now above it in this metric.
Bitcoin has been performing incredibly this year and gives us hope for a prolonged bull run in 2021.


The image is taken from this website that is tracking price and capitalization of the top assets in the fields of Stocks, Cryptocurrencies, and ETFs.

Wow ,damn so bitcoin now seats at 11th rank ?

overtaking Visa is really one of the greatest News we have this year aside from Paypals partnership and other Big companies Investing .

News Like this will be celebrated ,though not that far and in any chances will be taken again by Visa yet ?Visa has been worldwide use ,Electronic payments even now, Restaurant accepting Visa while not Bitcoin yet overpassed lol.

[dansus021]

Cool statistic, but meh. Comparing the marketcap of a digital asset to a business simply just doesn't make that much sense. Call me when bitcoin reaches gold's marketcap.

Bitcoin reaching Gold marketcap will be the biggest thing to ever happen in the blockchain and crypto currency space lol and i believe that it is achievable. I also feel bitcoin above Visa will be a momentarily event which we should milk well as traders / investors. It is getting clearer each day that Bitcoin is the future.

and yeah we should proud event this digital asset and surpassed businnes in real life  kinda cool

Warren Buffet will buy the bitcoin im surely sure about this 

[Bitcoin_bullish]

People really need to stop fantasizing ....

Ok, mate people will really stop fantasizing you brought us back to earth. We are so sorry we annoyed the royalty if that is what we did.

We can't write something that might make you super aggigated it seems. What I heard about many bitcointalk members was correct, being patronizing, always negative and quite often insulting.

You made a case like anyone would care for what Buffett has to say. I said something as a joke and you grabbed to it and made a case telling me I'm fantasizing.Like it mattered to Bitcoin what Buffett had to say.
Keep doing the good work, I gave this forum a second chance but it is clear what is going on with too many like you. Not coming back for a third time, keep senting people away from you. I'm done having to answer to kids about every second word I write.

[sheenshane]

It's good to know this static, showing that Bitcoin now was had a great improvement compared to previous years.

I tend to agree that the Bitcoin market cap being compared with companies doesn't make any sense.  But still, as an independent and decentralized one, surpassing big companies with high reputation is something to consider.

But for me, increasing the value of Bitcoin is kinda scary.  Why?
It might attract the eyes of greedy people in the government.  Probably, I would prefer Bitcoin to have a low-key status than surpassing and causing disruption that would cause something we don't want.