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

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