Bitcoin is making good progress because it is a forex and trading means which all investors have multiple profit and ground than Facebook which is more of data consumption
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Gold had been the all time number one always toping the charts and that's because gold is always on high demand and it is used by most countries currency as the value margin for their currency.Indeed, it is an interesting analysis. What's quite interesting is the fact that gold remains at the top in this chart of assets. This shows that gold is still important investment for many people who are interested in investing in precious metals. The growth of the Saudi Aramco company is also quite surprising. I never knew it was such a great company.
That is one thing that keep one wandering about the increasing popularity of bitcoin cyptocurency,despite the fact that the gas fee is very high in terms of carrying out transaction,the caps still continue to grow.Since BTC is the first crypto currency, BTC is more trusted asset compared to ll other crypto currencies. Total market cap of BTC is higher than the the total market cap of a lot of crupto currencies combined.
That is one thing that keep one wandering about the increasing popularity of bitcoin cyptocurency,despite the fact that the gas fee is very high in terms of carrying out transaction,the caps still continue to grow.Since BTC is the first crypto currency, BTC is more trusted asset compared to ll other crypto currencies. Total market cap of BTC is higher than the the total market cap of a lot of crupto currencies combined.
Bitcoin is an asset that we always find it way despite all resistance and considering the remarkable achievement is making in terms of market capitalisation it shows that it's a coin to invest on and it is highly secure.
The potential people sees in cryptocurrency is the reason behind it huge market cap. Since it's price increases as demand increases people sees it as a very serious opportunity for them to make money.As odd as it seems, the future can see bitcoin close to a million dollars or close to that sum. Bitcoin will keep being a good investment over other things.
I believe that Bitcoin could pass all big companies in long term but it can't surpass gold because gold is the real money and nothing could pass it.This year have seen the downtrend and uptrend in the existence of BTC. But recently it has achieved yet another land mark. This time, surpassing Facebook in the league of 'most sort after asset. Its value and potential have seen it climb ahead of Facebook in marketcap, which is peaked at 946$ billion as at when the announcement was made. Facebook is currently peaked at 919$ billion in marketcap when the announcement was made.
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Bitcoin price dips as world’s largest BTC conference gets underway
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This shows that BTC have been in-demand lately which has seen it surpassing popular social media site like facebook, in terms of market capitalization price in the league of world most tradable assets.
This remarkable achievement have enabled the price of BTC jumping from $45,000 to $50,000 with in the time scale of 72 hours.
What's next for BTC to achieve before the year ends?