According to data provided by fiatmarketcap.com, Bitcoin is now the 14th currency in the world by outstanding value.
It has now surpassed the Thai baht and the Russian ruble. Bitcoin would need to surge 68.64 percent more to reach its next target: the Swiss franc.
At press time, Bitcoin’s market capitalization is sitting at $772 billion after the cryptocurrency touched $42,000 earlier today.
Bitcoin’s rally has been nothing short of spectacular over the past few months, adding 289 percent.
Yuri MolchanBitcoin is now bigger than Facebook
When compared to publicly-traded companies, Bitcoin is now bigger than Facebook, the largest social media network in the world.
Yesterday, the flagship cryptocurrency also managed to surpass Tesla, but the stock of the leading e-car manufacturer continued to grow with unbridled strength.
Bitcoin is still far smaller than Apple, the largest public company that is valued at $2.22 trillion.
The cryptocurrency also represents only a fraction of gold’s total $10.6 trillion market cap.
Tomiwabold Olajide
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Dan Burgin