Bitcoin strengthens its position in global finance, recently surpassing the market cap of Saudi Aramco.
Bitcoin Surpasses $93,000
On November 13, Bitcoin exceeded $93,000, pushing its market capitalization to $1.83 trillion. According to CompaniesMarketCap, this milestone placed it above the oil market giant Saudi Aramco, which had a market cap of $1.79 trillion at the time.
Market Achievements and Ambitions
With bullish sentiment prevailing in the crypto market, Bitcoin's market cap could target $2.2 trillion, bringing it on par with Alphabet/Google. Following Donald Trump's election victory, Bitcoin has surpassed major companies like Berkshire Hathaway, Tesla, Meta Platforms, and Silver. Notably, Silver's market cap stands at $1.73 trillion, ranking as the ninth-largest asset.
Demand's Role and Future Outlook
BTC has solidified its status as the world's largest cryptocurrency, thanks to a stellar 25% rise in the past week. After reaching $93,477, analysts project a potential rally to $100,000. Demand in the ETF market, where BlackRock's IBIT sees unprecedented inflows and volume, further strengthens this sentiment among market players.
Bitcoin demonstrates its dominant role in the global crypto economy. Such remarkable results may continue to surprise observers and market participants in the future.
