Bitcoin (BTC) exceeds Visa’s market capitalisation
The total capitalisation of Bitcoin has exceeded that of Visa.
Bitcoin’s capitalisation is the 13th largest market capitalisation or the 5th largest currency in the world.
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The world’s most famous cryptomoney has become the 13th largest market capitalisation in the world, ahead of Visa, after passing the symbolic $25,000 threshold.
13th world capitalisation
Bitcoin’s total capitalization is $461.9 billion, $2 billion more than Visa’s capitalization at the time of writing.
The capitalisation of BTC is calculated by multiplying its price by the total number of Bitcoins in circulation. So if the BTC wants to overtake Berkshire Hathaway then it will have to reach about $28,500.
Market Capitalisation Ranking
This would surely irritate the CEO of Berkshire Hathaway, Warren Buffett, who called Bitcoin „rat poison“. According to CNBC, he told his shareholders in 2018 that trading in cryptomoney was „insane“.
Bitcoin is currently the thirteenth largest asset in terms of market capitalization.
5th largest currency in the world
Today, the total capitalisation of Bitcoin is close to $462 billion. If Bitcoin is seen as an alternative to fiat money, then BTC has its place in the top 10 of the world’s largest currencies.
Although the money supply of BTC and currencies do not have exactly the same method of calculation, we can roughly estimate Bitcoin’s place in the world currency rankings by comparing its total capitalisation to the money supply of currencies.
The US Dollar, Euro, Chinese Yuan and Japanese Yen are the only currency currencies with a total capitalisation in excess of $1 trillion.
Thus, Bitcoin would currently rank fifth ahead of the Indian rupee and the Russian rouble.