Bitcoin is now exactly half the size of Nvidia in market value – What’s happening?
Bitcoin’s (BTC) rapid ascent continues, marking yet another milestone in its remarkable financial journey. The leading cryptocurrency has now become the seventh-largest asset globally, boasting a market capitalization exceeding $1.8 trillion. This meteoric rise positions Bitcoin at exactly half the market value of Nvidia (NASDAQ: NVDA), the world’s largest public company by market capitalization of $3.60 trillion. Notably, Bitcoin has recently overtaken giants like Saudi Aramco, the largest oil company in the world, and silver. Top Assets by Market Cap. Source: CompaniesMarketCap / Finbold Bitcoin’s surge fueled by election outcomes and institutional inflows Since Election Day, Bitcoin has experienced unprecedented inflows, with investors pouring into the market at record levels. Interestingly, the cryptocurrency also outpaced the combined market caps of Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX). In the past week alone, Bitcoin has see...