Bitcoin continues to expand and expand as its total market value recently exceeded $1 trillion, which means that the market value of Bitcoin is now higher than two of the largest financial services companies “Visa” and “MasterCard” together.

In addition, the market capitalization of BTC is also higher than many of the largest banks located in the United States, including “JP Morgan”, “Bank of America” and “Citigroup”.

Bitcoin is higher than “Visa” and “MasterCard”:

Bitcoin has risen amazingly since early last October, rising above the $10,000 level, after which it has continued its rise until the moment, reaching the $60,000 level, more than six times what it was in October 2020.

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Of course, the total market capitalization of cryptocurrencies was affected, and their total value rose above $2 trillion, of which Bitcoin represents 54.1%.

The rise of Bitcoin made its total market capitalization outperform notable names and companies such as:

Netflix, Walmart, Samsung, Alibaba, Berkshire Hathaway, Tesla, and Facebook…

Now, the target of Bitcoin is Google, which is about 400 billion away from it, followed by Amazon and Saudi Aramco.

Bitcoin, with its recent rise, was able to rank sixth among the list of the largest assets in terms of total market capitalization:

According to the site “assets” Visa is currently ranked thirteenth in terms of market capitalization with a value of $490 billion, while MasterCard ranks eighteenth with a value of $374 billion.

Putting the market capitalization of the two companies together, it equals $864 billion.

Meaning that Bitcoin is greater than both.

Interestingly, Visa and MasterCard have recently taken pro-crypto tactics as both announced plans to enable crypto purchases directly on their platform.

Bitcoin is bigger than JPM, BOA and Citi:

When comparing Bitcoin to US-based financial giants especially those who have criticized the underlying cryptocurrency over the years.

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JPMorgan, the company whose CEO once called bitcoin a “scam” and later had to apologize, has a market capitalization of $473 billion.

While “Bank of America, which recently said that Bitcoin is impractical and too volatile, its market capitalization is $345 billion.

Meaning their number combined is $818, which means it’s much less than Bitcoin.

Even if we add financial banks such as Wells Fargo and Citigroup to the previous banks, their combined value finally equals the value of Bitcoin, estimated at $1.1 trillion.

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