At approximately $1 trillion, Bitcoin’s market cap has blown past Tencent, which holds a valuation of roughly $917.8 billion at time of publication, according to AssetDash rankings.
Crypto’s largest digital asset is now sixth on AssetDash’s list of top market cap companies across the globe. Google, officially known by its parent entity, Alphabet (GOOGL), holds the fifth spot with a market cap of approximately $1.4 trillion at time of publication.
“After reaching a new all-time high price mark, bitcoin surpassed Chinese tech giant Tencent, moving it up to the #6 spot in the world among publicly traded companies,” CoinSmart co-founder and CEO, Justin Hartzman, told Cointelegraph, adding:
“This is a strong indicator of the increased value, trust and adoption of bitcoin and the cryptocurrencies industry. Many analysts are saying this is the year bitcoin will surpass $100k and I don’t think that speculation is too far off.”
In October, Bitcoin surpassed PayPal, taking the 21st