Bitcoin’s Marketcap On the Rise — Will BTC Surpass Amazon?

  • 10/13/2021
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Bitcoin’s Marketcap On the Rise
Bitcoin News

  • BTC’s market capitalization soars as the price per bitcoin goes above 57k.
  • The top cryptocurrency surpassed Facebook and Tesla’s market capitalizations.
  • The question now is — will BTC surpass Amazon?

Bitcoin recently reached a market capitalization of more than 1 trillion USD. According to data website, BTC now surpasses companies like Facebook, Tesla, Berkshire Hathaway, Tencent, TSMC, NVIDIA, JP Morgan Chase, VISA, and more by market capitalization.

At the time of writing, BTC ranks top 8 in the list of top assets by market capitalization. Within this list, Gold still takes the top spot having more than $11 trillion. Apple follows with a marketcap of $2.3 trillion, while Microsoft ranks third with $2.2 trillion. 

Aside from the top three assets, Saudi Aramco ranks fourth with $1.9 trillion, Alphabet ranks fifth with $1.8 trillion, Amazon ranks sixth with $1.6 trillion, and Silver ranks seventh with $1.2 trillion.

Bitcoin supporters are very excited to see BTC take over the list. Bitcoin Magazine, which dubs itself as “the most trusted voice in Bitcoin” tweeted “incoming” followed by Bitcoin and Amazon’s market caps side by side.

The question now is — will BTC surpass Amazon in market capitalization? Many analysts believe this can happen. If Bitcoin’s price goes to $100,000, the asset will surpass Amazon’s current marketcap.

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