Cryptocurrency is now worth more than Warren Buffett’s empire

In particular, according to the CoinMarket website, the total value of all bitcoins is 21 million units – That’s $1.02 trillion. (approx. 951,563 euros). If only the circulating supply of the cryptocurrency is taken into account, which is similar to the circulating capitalization of a listed company, this figure drops to $952.65 billion.

Capitalization of the most famous digital currency in the world has not reached $1 trillion since the end of 2021, when it reached $1.3 trillion, according to the CoinGecko portal. That’s when Bitcoin reached its all-time high: $68,990.6.

(The tech giant Warren Buffett runs from, but all analysts love)

Likewise, the total value of Bitcoin exceeds Berkshire Hathaway’s capitalization, which is approximately $861.74 billion. AND close to Meta, the parent company of Facebook or Instagram. and whose market value is $1.2 trillion (€1.12 trillion).

The rest of the big tech giants are even further away. Nvidia and Amazon have a market value of about $1.79 trillion. (1.67 billion euros)while Alphabet, Google’s parent company, is worth $1.84 trillion. (1.71 billion euros).

Microsoft and Apple are in a different league. Its capitalization is 3.09 and 2.89 trillion dollars, or about 2.88 and 2.69 trillion euros, respectively.

Many of these companies, known as Seven magnificent– They are taking Wall Street by storm using artificial intelligence (AI). and investor expectations regarding this technology. And this increases its capitalization.

ETF success

But Bitcoin also lives on its own rally thanks to the success of ETFs which are based on cryptocurrency.

“The influx of capital into spot ETFs could be one of the reasons for the rise in prices. 11 consecutive days of net purchases in SEC-approved spot Bitcoin ETFs (US Securities and Exchange Commission) since January 25, when the price of Bitcoin was around $40,000,” says Simon Peters, an analyst at eToro.

(BlackRock and Fidelity Bitcoin ETF Reaches 5.7 Billion Despite Crypto Fall)

Manuel Villegas, an analyst at Julius Baer, ​​also believes that “the factor that has impacted digital asset markets the most recently” has been the SEC’s approval of exchange-traded funds. “Volumes are higher, spreads are narrower “net inflows continue to outpace traditional product sales pressure”– he emphasizes.

Bitcoin has risen in price by 23% since its lows of the year, which it noted at the end of January.. It hit $50,326.6 on Tuesday, levels not seen since December 2021. “Now, if this area consolidates, momentum will open up to the next resistance located at $55,000,” said Diego Morin, an analyst at IG.

Although Bitcoin has already reached $50,000 in the past, Mireya Fernandez, leader of the country Bitpanda Spain believes that “this time is different.” “We are not experiencing a typical bull run cryptography, And this is not due to market hype or social media hype, but rather we are seeing the result of a continued increase in demand for digital assets,” he says.

In his opinion, the growth of Bitcoin registered in recent weeks is explained by “mix of retail and institutional investmentsmore regulation and trust, and better access to this asset.”

“Halves”

They are playing in favor of the digital asset”next halving, economic recovery and the constant search for investors for better opportunities. “This is already a big year for cryptocurrencies, and this success is just getting started.”

Bitpanda’s policy applies to halving, a process that halves the mining reward -mining- of cryptocurrencies, which is scheduled for April.

(End of crypto winter? Bitcoin up 166% in best year since 2020)

After this procedure, Bitcoin usually rises. According to data collected Reuterssix months after the first halvingwhich took place in 2021, the cryptocurrency rose from $12 to $126.

Six months after the second decline in 2016, the price of this digital asset rose from $654 to $1,000, while After 2020, it rose from $8,570 to $18,040 over the same period.

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