Bitcoin has surpassed the market value of Berkshire Hathaway, reaching a market cap of over $800 billion. The surge in Bitcoin’s market cap follows its rise above $40,000 over the weekend. On December 3, Bitcoin’s market cap exceeded Berkshire Hathaway’s, making it the 10th biggest asset by market cap globally. Bitcoin’s market cap is now over $811 billion, surpassing Berkshire Hathaway’s $779 billion. The cryptocurrency’s volatility contrasts with Berkshire Hathaway’s more stable performance. Bitcoin is now 38% short of its all-time high market value reached in November 2021.
Key Points:
- Bitcoin’s market cap has surpassed $800 billion, overtaking Berkshire Hathaway’s market value.
- The surge in Bitcoin’s market cap follows its rise above $40,000 over the weekend.
- Bitcoin is now the 10th biggest asset by market cap globally, with a market cap of over $811 billion.
- The cryptocurrency’s volatility contrasts with Berkshire Hathaway’s more stable performance.
- Bitcoin is 38% short of its all-time high market value reached in November 2021.