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Bitcoin’s Market Cap Surpasses That of Visa

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Sat, 26/12/2020 - 7:45
Bitcoin’s Market Cap Surpasses That of Visa
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Bitcoin’s market cap has exceeded that of the Visa global payments behemoth.

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Today, Visa’s market capitalization totals $460.06 billion, while its shares are trading at $208.70 after a nearly two percent rise.

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Image via Finance.Yahoo

The market cap of the Bitcoin now amounts to $461,348,766,108 after a rise of 5.33 percent, as per the data shared by CoinMarketCap.

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Image via CoinMarketCap

In November, Bitcoin was just a few billion USD away from Mastercard by the market cap value.

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On December 25, Christmas Day of the hard 2020, Bitcoin gave the community the best present they could ask for – a new all-time high at the $24,966 level. On some exchanges, inclkuding Bitstamp, BTC surpassed the $25,000 mark.

At press-time, Bitcoin is trading at $24,900.

Three years ago, in late December 2017, Bitcoin reached the first massive all-time high slightly under $20,000. However, this time rally is different, experts believe, as it is based on interest from large financial institutions and not just on FOMO (“fear of missing out”) from retail customers.

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Image via CoinMarketCap

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