Bitcoin Grows Over Won, Nears Google

Bitcoin grows over South Korean Won by the $1trillion mark earlier on March 12. Bitcoin’s market cap rose to $1trillion in late February. It happened right after Tesla’s announcement of investing $1.5 billion in BTC, which played as a major factor in pumping the BTC’s price. Eventually, Bitcoin reached an ATH at more than $57,000 on Feb. 20.

Source: Coinmarketcap

According to data from AssetDash, Bitcoin’s (BTC) market cap reached $1.057 trillion at the time of publication. In December 2020, the South Korean Won was estimated to be 1,178,748,600,000,000 KRW, which is currently $1.04 trillion approx.

The market cap of Bitcoin has already surpassed that of China’s tech giant Tencent and Tesla. Among the FAANG stocks, one thing that is noteworthy to observe is that Apple continues to lead Bitcoin with over $1 trillion difference in market cap. It took Apple over four decades to surpass the $1 trillion mark, whereas Bitcoin took 12 years to hit a $1 trillion market cap. On the other hand, Google took about 22 years to hit a market cap of $1 trillion.

Currently, Bitcoin (BTC), which is trading at $57,266, is very near its all-time high of $58,102. Also, Bitcoin is en route to surpass one of the FAANG stocks, Google, as it is close to its market cap, which stands at $1.40 trillion.

Source: Cointelegraph | Image: bergerpaints | mlemarketinsight

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