- Bitcoin and Tesla have surpassed Facebook in terms of market capitalization.
- At the time of writing, Bitcoin has a $770 market cap wherein it ranked 7th.
- Meanwhile, Facebook has a $750 market cap.
According to AssetDash, Bitcoin and Tesla have surpassed Facebook’s market cap. Bitcoin has about a $770 market cap, ranking at number 7 at the time of writing.
The recent pump in Bitcoin price positioned the crypto to a bullish trend. As a result, BTC’s price is now at over $40,147. Meanwhile, Facebook has $750 billion in market cap.
ShapeShift CEO Erik Voorhees commented, saying:
Cryptocurrencies’ road to their second trillion won’t take another 10 years. A lot less, in fact.
Moreso, Bitcoin breaking into the ranks of the top 5 companies in AssetDash could be a great challenge for the asset. Regardless of its ongoing price spark, for BTC to surpass Apple, it would need to surge up to over $116,000 all-time high.
Crypto Market Cap: $1 Trillion
— Erik Voorhees (@ErikVoorhees) January 7, 2021
In another news, Tesla CEO Elon Musk tweeted that he will never decline being paid in Bitcoin. This is as a result of how Bitcoin continues to increase in price nowadays.
Alongside the above-mentioned, Musk got into a Bitcoin discussion with MicroStrategy Inc CEO Michael Saylor. In their discussion, Saylor advised Elon to move Tesla’s balance sheet from the US fiat to Bitcoin.
Later on, World’s richest man Elon Musk told Saylor how he had gained attention after buying $1 billion worth of BTC.
In addition, due to the current ongoing price rally, all the existing cryptocurrencies are down to a $1 trillion market cap. But nevertheless, Bitcoin and Ethereum still rank among the top 100 largest assets in the world.