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Bitcoin has surpassed the market value of three countries' economies.
Bitcoin has surpassed the market value of three countries' economies.

05.12.2024 14:43

Bitcoin (BTC) has reached a historic milestone, surpassing the $100,000 level and a market capitalization of $2 trillion. This rise gained momentum with the appointment of Donald Trump's crypto-friendly SEC chairman nominee, Paul Atkins, and statements from Vladimir Putin supporting cryptocurrencies. The global cryptocurrency market has reached $3.69 trillion.

The pioneer of the cryptocurrency world, Bitcoin, has set a new record by surpassing the Gross Domestic Product (GDP) of many countries. Bitcoin's market value, which has exceeded the GDPs of Mexico, Australia, and Spain, is approaching the GDPs of Russia, Brazil, and Canada.

The Market Values of Giant Companies Have Declined Against Bitcoin

A new balance of power is emerging in the global financial system. Bitcoin has surpassed the market values of Saudi Aramco ($1.796 trillion), Silver ($1.791 trillion), Facebook ($1.549 trillion), and Tesla ($1.148 trillion), rising to become the seventh largest asset in the world.

Other cryptocurrencies such as Ethereum (ETH), XRP, Tether, Solana, BNB, and Dogecoin have also benefited positively from this rise. The total value of the cryptocurrency ecosystem has reached $3.69 trillion.

Paul Atkins, who was nominated by the Trump administration for the SEC chairmanship, has a crypto-friendly approach, and Putin's consideration of cryptocurrencies as alternative reserve assets against Western sanctions has increased the interest of institutional investors.


 
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