The cryptocurrency giant Bitcoin has changed the market boundaries of the world’s two largest payment processors.
Bitcoin, the largest cryptocurrency by market cap, surpassed both Visa and Mastercard after the Christmas boom. Bitcoin has become the 11th largest asset, according to Asset Dash, a site that tracks the market value of the world’s largest assets.
Bitcoin’s market capitalization is $ 461.9 billion, and the 12th largest asset is $ two billion higher than Visa’s shares compared to its market value of $ 459.9 billion per Asset Dash. Mastercard, the 17th largest asset in terms of market value, is $ 332 billion.
Bitcoin seems a bit far from catching up with Class B shares in Berkshire Hathaway at $ 531.4 billion, the next largest asset in terms of market capitalization. For this, the cryptocurrency giant needs to add $ 70 billion to its market cap.
Bitcoin needs to reach a price of $ 28,602 to reach Berkshire Hathaway. This will definitely disturb Warren Buffet, the CEO of Berkshire Hathaway, who previously described Bitcoin as “rat poison.” However, if it also surpasses Berskhire Hathaway, Bitcoin will be the tenth largest asset in terms of market capitalization. This will greatly increase the popularity of Bitcoin.