Bitcoin heading to the moon sooner than expected as its asset by market cap now ranked #8

In a rather eventful days and weeks in cryptocurrencies market, #bitcoin has passed $900billion market cap infact as at the time of writing this post as recorded by https://companiesmarketcap.com/assets-by-market-cap/
#bitcoin now has a market cap of total of $952billion even larger than the market caps of some big banks across the world. As its now sold (1BTC) for $51k. Highest feet attained so far by bitcoin with increase by 3.92% with a possible increase of over 8% which will take bitcoin to $52k in coming days. This means that bitcoin is now ranked 8th in top asset by market cap which include public companies,ETFs,precious metals and cryptocurrency.
I mean this is BTC that the highest it could climb as at 2019 was $8k.

what could be responsible for recent hike in bitcoin?

In one of my recent blog, i talked about how elon musk Tesla's $1.50billion investment in bitcoin would influence its price, now its happening, i also feel that the fair of not wanting to miss out in the recent hike of the coins, is making people to throw money into the coins thereby increasing its market cap
Another thing i found out, is that people are holding on to their coin, as many investors are coming in people still see BTC sold for $100K sooner than later, so much confidence with people not ready to sell at this moment.
And with the adpotion by paypal and most recently Mastercard where they announced that their merchants can now buy and sell with BTC.

So many public and private companies now throwing some money into bitcoin, after elon musk added bitcoin to his bio on Twitter , so many notable celebrities and entrepreneurs now throws in their body in the future wealth as no one wants to be left behind.

• With more software & hardware that supports its operations and also merchants, plus its overwhelming developers and investors, bitcoin deserves all the recognition is gaining presently

BTC might be the biggest presently but certainly won't be the only one on the rise. Ethereum is expected to be on the rise asap.

Image source:
https://companiesmarketcap.com/assets-by-market-cap/

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