Bitcoin's Market Valuation Continues To Blast That Of Visa And Mastercard Combined.
07 Sep 2021, 08:00
Bitcoin’s Market Valuation Continues To Blast That Of Visa And Mastercard Combined
Bitcoiners have great cause to be ecstatic after new metrics come to light at the start of the weekend. The steady rise in prices for the asset has led to the increase of its market capitalization to surpass that of Visa and Mastercard combined. It achieved this feat thanks to the resurgence of institutional investors flooding into the space after a summer of uneventful price action.
The Bitcoin Cyclone Keeps MovingBTC currently trades at $51,796 amid a resurgence in prices. Daily trading volume is at $40 billion while the market capitalization is at $977 billion and threatens to surpass $1 trillion. These highs have not gone unnoticed as community members make a staggering discovery regarding market capitalization.
The present market capitalization of Bitcoin exceeds the combination of the market capitalization of Visa and Mastercard, two of the largest payment platforms in the world. Visa’s share is trading at $225 which gives it a market capitalization of $493 billion while Mastercard trades at $340 and has a market capitalization of $335 billion, which are dwarfed by Bitcoin’s enormous market capitalization.