Bitcoin is nearing the market capitalization of Google, but why is this an important trend to observe?
The crypto asset just won over the won.
You’re next, Google.
Bitcoin’s market cap was less than $100 million short of $1 trillion for a few brief moments today.
Ethereum’s recent gains saw it join Bitcoin on an exclusive list among the world’s biggest movers and shakers.
When it comes to billion-dollar crypto projects, DeFi certainly took the lead this year.
Expect Bitcoin in the number one spot and Tether second by market capitalization before 2022.
One takeaway? Crypto appears to have a lot of room for growth.
As Bitcoin reaches a new yearly high of $12,470, its market cap is now greater than Bank of America’s and New Zealand’s fiat currency.
Wilshire Phoenix CEO Bill Herrmann sheds light on the recent $168 billion Fed injections and their relation to crypto