The pioneer cryptocurrency, Bitcoin, has been showing why it is a trusted investment vehicle in the crypto market.
Bitcoin has flipped Berkshire Hathaway in market cap this year, like it did back in 2020 Its recent price surge has planted it ahead of the company run by Bitcoin detractor, Warren Buffet.
However, at 9th position, Bitcoin will still face stiff competition from the companies and assets ahead of it.
While Berkshire Hathaway is the latest blue-chip asset to go below Bitcoin, the benchmark cryptocurrency has surpassed the market cap of several global conglomerates over the years.
Other top names such as Meta, Nvidia, Visa, and Samsung to name a few are all below Bitcoin in ranking.
The Bitcoin market, while having suffered several dips since January 2022, is currently on the rise. Bitcoin is currently trading at $42,600, up 26.8% in the last 24 days.
If you buy something like Bitcoin or some cryptocurrency, you don’t have anything that is producing anything. You’re just hoping the next guy pays more.