Bitcoin Surpasses Visa’s Market Cap To Be 11th Largest Asset in the World

Bitcoin, the world’s first cryptocurrency, gained 15% in the past week to trade at US$24,885 and 7 p.m. in Hong Kong, surpassing payments giant Visa in market capitalization for the third time in history.

Bitcoin’s US$479 billion market capitalization currently sits around US$10 billion above Visa’s US$469 billion market cap, making it the 11th largest asset in the world, according to Companies Market Cap data.

Visa shares dipped 1.01% during the day to trade at US$223.56, according to data from Yahoo Finance.

(By ZOLTAN VARDAI)

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Bitcoin $64,333.87

+4.26%

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