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Bitcoin outperformed Chinese internet giant Tencent in market value

As bitcoin continues to advance in market appreciation, it rises in rank in the global asset ranking. When it surpassed the price of USD 50,000 for the first time this Monday, February 16, the first cryptocurrency was placed above the market capitalization of the Chinese conglomerate Tencent, owner of WeChat, the first social network in China.

Although the price of bitcoin fluctuated this Monday below USD 50,000, after establishing a new historical maximum, this Tuesday the price did mark a clear upward break and managed to exceed USD 51,000.

This rally allowed bitcoin to leave Tencent’s market capitalization of USD 930,000 million behind and exceed USD 951,000 million of capitalization, at the time of writing.

In the following table, which ranks global companies and assets by market capitalization, bitcoin is appreciated in eighth place, below Alphabet (Google).

Bitcoin It needs a 5.11% rally to exceed the $ 1 trillion market capitalization. Source: companiesmarketcap.com

Bitcoin has traveled two thirds of the way that would lead it to surpass Google, although it is quite close to another very significant milestone: reaching and exceeding one trillion dollars in capitalization.

A rebound of 5.11% so that the price of BTC reaches USD 53,700 and the entry of bitcoin in the exclusive club of billionaires can be consolidated in capitalization: gold and silver, along with Apple, Saudi Aramco, Microsoft, Amazon and Google.

CriptoNoticias reported last Thursday, February 12, that the significant advance in the prices of BTC and ETH led the combined market capitalization of the first two cryptocurrencies to exceed a trillion dollars.

BTC and ETH already exceeded in value The top five US banks combined, the world’s 10 largest banks outside the US and China, and all public companies except Apple, Microsoft, Amazon and Google. This same milestone will be reached only by Bitcoin , once its capitalization reaches USD 1.1 trillion.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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