Bitcoin prices have risen more than 80% so far this year, and investors are excited about other cryptocurrencies as well. Ethereum, the world’s second-largest cryptocurrency with a net worth of about $ 220 billion, has more than doubled this year.
Of course, it is not a metaphor for an apple to see bitcoin versus a sky-high giant like Apple. But for what it’s worth, there are only four companies in the US that are worth more than bitcoin: Apple (, )Microsoft (, )Amazon ( And Google owners )The text (. )
The news has led to speculation that other big companies may soon be adding bitcoin or other cryptocurrencies to their balance sheets, as bitcoin is generating significantly higher returns than bonds and cash.
US companies are testing bitcoin. Giants pay Square ( And )PayPal (Let their users buy and sell it. Credit card processing behemoth )Visa ( And )Mastercard ( Also interested in cryprocurrencies products. )
And top strategists ⁇ (, The world’s largest property manager, )Spoke to CNBC this week That the company had a “disgusting start” in bitcoin as an investment.
All of these have helped stimulate the buying of the average investor. Consumer research firm Piplsay writes In a Thursday report Half of the more than 30,000 consumers it surveyed this week about bitcoin said they felt it was safe to invest in cryptocurrencies.
And the price of dogecoin, the currency that started as a joke based on wall posts, has also skyrocketed this year after a spate of tweets about it by Musk and scams from traders on Reddit.