Bitcoin becomes fifth largest asset after $94k breakthrough

Bitcoin exceeds Google and Amazon by market capitalization, claiming its place as the fifth largest asset. This milestone comes only one day after BTC exceeded $ 94,000.

April 23 around 11:20 a.m. UTC, Bitcoin (BTCThe market capitalization of) increased to $ 1.86 billion after its price increase to $ 94,320. The increase in market capitalization of the BTC has exceeded that of industry bastions like Google and Amazon.

Google’s market capitalization currently stands At 1.859 billion of dollars, Amazon has in the meantime a market capitalization of 1.837 billion of dollars. Not only did that, BTC also managed to beat Silver, another asset in Havené, in the ranking. Silver has a market capitalization of 1.853 dollars.

However, Bitcoin still has a long way to go before being able to exceed the other giants of the company on the list. At number four is a software company Nvidia with 2.41 billions of dollars in market capitalization, while Microsoft occupies third place with 2.72 billions of dollars.

Apple is in second place with a market capitalization of 3 dollars. Gold Always has strong grip in first place as the greater assets by market capitalization with $ 22.4 billions of dollars.

At the time of the press, BTC remains the only cryptocurrency in the 10 best assets in market capitalization. Ethereum (Ethn) is far behind in 61st place with $ 217.5 billion in market capitalization.

According to data From Crypto.News, Bitcoin increased by 5.8% in the last 24 hours of negotiation. BTC is currently negotiated at $ 93,701. However, he briefly reached a peak of $ 94,320, which resulted in an increase in market capitalization of more than 6%.

Wood Cathie thinks that Bitcoin market capitalization can exceed gold

Last December, Founder and CEO of Ark Investment Management, Cathie Wood foreseen This BTC will one day become “larger” than gold. At the time, BTC recently reached 2 billions of dollars in market capitalization, while gold was 15 billions of dollars.

Wood thought that the BTC is still at its beginnings, so it will not take long before the greatest cryptocurrency in market capitalization exceeds gold and becomes the greatest asset as a whole.

Historically, gold and bitcoin share many similarities. Both are refuge assets used as coverage against inflation and broader economic uncertainty of traditional markets. The two assets also have a finished supply which must be extracted. In addition, gold is often used as a BTC indicator, as macro-bitcoin trends tend to follow Gold movements after a few months.

Recently, gold reached A new summit of $ 3,900 while investors are preparing for a more economical uncertainty in an increase in global trade tensions and a weakening dollar. Around the same time, BTC reached a new monthly summit of $ 87,570. Shortly after, BTC managed to exceed $ 94,000.