With the price of Bitcoin breaking the record again and crossing the $ 40,000 mark, the market value of this digital currency also exceeded the market value of many large companies such as Facebook.
To Report The Bitcoin market is currently worth about $ 730 billion. However, after the peak of $ 40,000, we saw the bitcoin market value exceed the Facebook market value.
The price of Bitcoin grew by 300% in 2020, and with the arrival of 2021, this trend is still going strong. In the last 8 days, the price of the king of digital currencies has increased by 40%. It should not be forgotten that the price of Bitcoin ended the year in the range of $ 29,100 and now trades in the range of $ 40,000.
Over the past few days, the market value of Bitcoin has surpassed the big names such as Tencent, Alibaba and Facebook. Interestingly, the market value of this digital currency is higher than the market value of common currencies such as the Russian ruble and the Thai baht.
It can be said that surpassing the market value of Bitcoin over the market value of Facebook is most pleasing to the Winklows brothers. A few years ago, Tyler and Cameron Winklawas sued Facebook creator Mark Zuckerberg, accusing him of stealing the idea of the social network from them. Cameron Winklowas, one of the founders of Gemini Exchange, tweeted after announcing that the bitcoin market value exceeded Facebook market value:
It makes sense that a monetary network is worth more than a social network.
Now, with a slight drop in the price of bitcoin, the market value of Facebook has once again exceeded the market value of bitcoin.