Bitcoin’s market cap recently crossed a trillion dollars again. The assets have now exceeded the total market value of the South Korean won.
Bitcoin (BTC) is valued at $ 1.057 trillion at time of publication, according to AssetDash. This exceeds the money supply of South Korean won, which was estimated at 11,787,486 trillion South Korean won as of December 2020 and currently estimated at about $ 1.04 trillion.
Bitcoin’s market cap exceeded $ 1 trillion for the first time in February after it was announced that Tesla had invested $ 1.5 billion in BTC. The cryptocurrency for a big company like the electric car maker quickly pushed the asset’s price to a permanent high of more than $ 57,000 on February 20.
Bitcoin price has rebounded sharply from a new permanent high after recovering $ 57,000 this week, and the market cap may soon exceed that of Alphabet, Google’s parent company. Bitcoin’s market cap this year has already surpassed two big companies – Tesla and Chinese tech giant Tencent – and is close to $ 1.4 trillion from Alphabet.
Apple maintains a healthy market value for Bitcoin and its own value of $ 1 trillion. Interestingly, it took Apple more than 40 years to beat a trillion dollars. Since the day the first Bitcoin transaction was completed, it took only 12 years to reach a market value of $ 1 trillion. On the other hand, it took Google 22 years to reach a trillion dollars.