Bitcoin

Gold

<h2 id="quick-take">Quick Take</h2> 
Over the past weekend, Bitcoin achieved a significant financial milestone, reaching a new year-to-date high of $41,700. 
This surge propelled Bitcoin into the top ten assets by market cap globally, a testament to the digital assets growing influence in the financial sphere. With a market capitalization of $813 billion, Bitcoin managed to surpass Berkshire Hathaway and even Tesla, the first of the so-called “magnificent seven” tech stocks. 
<figure id="attachment_378907" aria-describedby="caption-attachment-378907" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-378907 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/12/thead.png" alt="Assets-by-market-cap: (Source: companiesmarketcap)" width="1066" height="769" srcset="https://cryptoslate.com/wp-content/uploads/2023/12/thead.png 1066w, https://cryptoslate.com/wp-content/uploads/2023/12/thead-300x216.png 300w, https://cryptoslate.com/wp-content/uploads/2023/12/thead-1024x739.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/12/thead-768x554.png 768w" sizes="(max-width: 1066px) 100vw, 1066px">
 <figcaption id="caption-attachment-378907" class="wp-caption-text">
 Assets-by-market-cap: (Source: companiesmarketcap)
 </figcaption>
</figure> 
In a telling sign of the times, Meta, formerly known as Facebook, is now in ninth place with a market cap of $834 billion. The remaining stocks and commodities that have a higher market cap than Meta are in the trillion-dollar club. 
In the precious metals market, Gold marked the start of its trading day with a record peak, nearly touching the $2,150 mark. However, it subsequently pulled back to $2,068. Year-to-date, Gold has appreciated by 12%. In stark contrast, Bitcoin has shown a much more dramatic surge with a year-to-date increase of 150%. This highlights a growing divergence in the performance of traditional and digital assets. 
<figure id="attachment_378900" aria-describedby="caption-attachment-378900" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-378900 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/12/btc.png" alt="BTC,Gold YTD: (Source: Trading View)" width="1410" height="883" srcset="https://cryptoslate.com/wp-content/uploads/2023/12/btc.png 1410w, https://cryptoslate.com/wp-content/uploads/2023/12/btc-300x188.png 300w, https://cryptoslate.com/wp-content/uploads/2023/12/btc-1024x641.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/12/btc-768x481.png 768w" sizes="(max-width: 1410px) 100vw, 1410px">
 <figcaption id="caption-attachment-378900" class="wp-caption-text">
 BTC,Gold YTD: (Source: Trading View)
 </figcaption>
</figure> 
The post <a href="https://cryptoslate.com/insights/bitcoin-vaults-into-global-top-ten-assets-surpassing-berkshire-hathaway-and-tesla/">Bitcoin vaults into global top ten assets, surpassing Berkshire Hathaway and Tesla</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.

Bitcoin vaults into global top ten assets, surpassing Berkshire Hathaway and Tesla

Table of Contents

CryptoSlate

Other articles published on Dec 4, 2023

Litecoin Price Prediction: Can LTC Sustain The Recent Gains?

U.S. Space Force Major advocates for Bitcoin in national defense

Shiba Inu Open Interest Falls Behind General Crypto Market, What This Means For Price

FTX Exchange and Alameda Research Transfer $22 Million in Digital Assets Post-Bankruptcy

Altcoins Are Waking Up Following Growth In Bitcoin Fundamentals

Shiba Inu (SHIB) Burn Rate Increase Sees Price Reach 3-Week High – Bullish Signal?

Join our free newsletter for daily crypto updates!