Bitcoin Prices News / Bitcoin became bigger than the GDP of many countries, Türkiye-Indonesia-Spain left behind

Bitcoin Prices News: After Donald Trump's recent victory, there has been a stir in the cryptocurrency market as well. Even though Dogecoin has also benefited from this election turmoil, Bitcoin has set a new record with its price and market cap. The price of Bitcoin has reached close to 90 thousand dollars during the trading session, taking it to an unprecedented height. In terms of market cap, Bitcoin has also surpassed the GDP of many big countries, including countries like Spain, Turkey and Indonesia.

Bitcoin price near 90 thousand dollars

Bitcoin prices are skyrocketing at the moment. According to data from Coin Desk, the value of Bitcoin has reached a lifetime high of $89,995.12. In the morning, the price of Bitcoin saw a jump of more than 10% and by evening it was trading at $87,741.89 with a gain of 7%. In the last one week itself, the price of bitcoin has increased by 26%, while in the last one year its price has increased by 136%. This surge shows that the future of bitcoin is bright and its demand is increasing day by day.

Bitcoin's market cap: To new heights

The ever-rising prices of bitcoin have also pushed its market cap to the skies. Currently, the market cap of bitcoin has crossed $1.75 trillion, making it the 8th largest asset class in the world. On Tuesday, bitcoin also surpassed silver, which had a market cap of $1.73 trillion. The market cap of the overall cryptocurrency market is also currently at $2.94 trillion, with a gain of 5% in the last 24 hours. Experts believe that the prices of bitcoin and other cryptocurrencies may rise even further in the coming times.

Bitcoin's market cap ahead of big companies

Bitcoin's market cap has surpassed not only the GDP of countries but also the market cap of many big companies in the world. Facebook's parent company Meta Platforms, which has a market cap of $1.472 trillion, is now behind Bitcoin. Along with this, Elon Musk's Tesla, which has a market cap of $1.123 trillion, and Warren Buffet's company Berkshire Hathaway, which has a total market cap of $1.007 trillion, have also proved to be small in front of this surge of Bitcoin. This is a unique situation that gives Bitcoin a new place in the financial markets.

Bitcoin has also surpassed the GDP of many countries

Bitcoin has not only surpassed silver or companies, but also the GDP of many countries. Spain, which is the 15th largest economy in the world, currently has a GDP of $1.73 trillion, which is less than the market cap of Bitcoin. Similarly, the GDP of countries like Indonesia and Turkey has also lagged behind Bitcoin. Indonesia's GDP is $1.4 trillion and Turkey's GDP is $1.34 trillion. If Bitcoin continues to grow at this pace, it may soon surpass the GDP of big countries like Australia and Mexico.

Signs of the future

This huge increase in the price and market cap of Bitcoin has proved that it is the future of digital assets. Many experts consider it a sign of change in the financial system. This surge of Bitcoin and other cryptocurrencies can help bring cryptocurrency into the mainstream among investors and financial institutions in the coming times.

This surge for Bitcoin is not just an investment opportunity but a new revolution in the field of economy.