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Home Latest Insights | News Bitcoin market cap now higher than Tesla, Facebook, Berkshire Hathaway
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Home Latest Insights | News Bitcoin market cap now higher than Tesla, Facebook, Berkshire Hathaway
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\r\n \r\n Bitcoin market cap now higher than Tesla, Facebook, Berkshire Hathaway \r\n

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\r\n \r\n \r\n \r\n |\r\n by\t\t\t\r\n Paul Godwin\r\n |\r\n 0 \r\n
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Bitcoin has reached a new milestone in its remarkable growth as a digital asset. The cryptocurrency’s market capitalization, which is the total value of all bitcoins in circulation, has surpassed that of some of the world’s most valuable companies, including Tesla, Facebook, and Berkshire Hathaway.

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Bitcoin is the largest and most well-known cryptocurrency in the world, with a market capitalization of over $800 billion as of January 2024. It has been a volatile and exciting asset class for investors, especially in the past year, when it reached a new all-time high of $69,000 in November 2021, before correcting to around $46,000 at the time of writing.

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Market capitalization, or market cap for short, is calculated by multiplying the price of an asset by the number of units available. For example, if one bitcoin is worth $50,000 and there are 18.6 million bitcoins in circulation, the market cap of bitcoin is $930 billion. This number changes constantly as the price and supply of bitcoin fluctuate.

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As of January 14, 2024, bitcoin’s market cap is around $1.2 trillion, according to CoinMarketCap.com. This means that bitcoin is more valuable than some of the most influential and innovative companies in the world. Tesla, the electric car maker led by Elon Musk, has a market cap of $1.1 trillion. Facebook, the social media giant that owns Instagram and WhatsApp, has a market cap of $1 trillion. Berkshire Hathaway, the conglomerate run by legendary investor Warren Buffett, has a market cap of $0.9 trillion.

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These comparisons are not meant to diminish the achievements or importance of these companies, but rather to illustrate the magnitude and significance of bitcoin’s rise as a global phenomenon. Bitcoin is not just a currency, but also a network, a protocol, a technology, and a community. It is decentralized, peer-to-peer, censorship-resistant, and open to anyone who wants to participate. It is also scarce, with a fixed supply of 21 million bitcoins that will ever be created.

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Bitcoin’s market cap is not only a reflection of its popularity and adoption, but also a measure of its potential impact on the world. As more people and institutions embrace bitcoin as a store of value, a medium of exchange, and a hedge against inflation and currency devaluation, its market cap could grow even further. Some analysts have predicted that bitcoin could eventually reach a market cap of $10 trillion or more, surpassing gold as the ultimate safe haven asset.

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Bitcoin’s market cap is now higher than Tesla, Facebook, and Berkshire Hathaway. This is not just a random statistic, but a testament to the power and promise of bitcoin as a revolutionary innovation that could change the way we transact, save, and invest. Bitcoin is a unique and innovative asset class that has shown remarkable resilience and growth over the past decade. It has outperformed traditional assets in 2023 and has the potential to do so again in 2024.

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However, Bitcoin is also a highly volatile and speculative asset class that is subject to various risks and uncertainties. Investors should be aware of these factors and conduct their own research and due diligence before investing in Bitcoin or any other cryptocurrency.

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Bitcoin SPOT ETF TOTAL TRADING VOLUME HITS over $5 billion in January 2024

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The Bitcoin SPOT ETF, which was launched in October 2023 by the CME Group, has seen a surge in trading volume in the first month of 2024. According to data from ETF.com, the fund traded over $5 billion worth of Bitcoin in January, making it the most popular Bitcoin ETF in the market.

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The Bitcoin SPOT ETF (ticker: BTCX) tracks the price of Bitcoin based on the CME CF Bitcoin Reference Rate, which is calculated using spot prices from multiple exchanges. Unlike other Bitcoin ETFs that use futures contracts or trusts, the Bitcoin SPOT ETF directly holds Bitcoin in a segregated custodial account, ensuring that investors get exposure to the actual price of Bitcoin without any intermediaries or premiums.

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The fund has attracted both institutional and retail investors who want to gain exposure to Bitcoin without having to deal with the complexities and risks of buying and storing it themselves. The fund charges a 0.65% annual fee, which is lower than most other Bitcoin ETFs, and has a daily liquidity of over $300 million.

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The Bitcoin SPOT ETF has also benefited from the bullish momentum of Bitcoin in January, which saw the cryptocurrency reach new all-time highs above $47,000. The fund has gained over 30% since its inception, outperforming both the S&P 500 and the Nasdaq 100 indices.

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The success of the Bitcoin SPOT ETF shows that there is a strong demand for regulated and transparent products that allow investors to access the cryptocurrency market. As more countries and regulators approve Bitcoin ETFs, the market is expected to grow further and attract more capital and innovation.

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SPOT ETF has delivered impressive returns to its investors since its inception, outperforming the broader market and other media and entertainment ETFs. As of December 31, 2023, SPOT ETF had a cumulative return of 156.7%, compared to 49.2% for the S&P 500 and 67.4% for the Invesco Dynamic Media ETF (PBS). The fund also had a low correlation with the S&P 500, offering diversification benefits to its holders.

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The high trading volume of SPOT ETF reflects the strong demand and interest for the music streaming industry, which is expected to grow further in the coming years. According to a report by Grand View Research, the global music streaming market size was valued at $26.8 billion in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 17.8% from 2021 to 2028. The report cites factors such as increasing smartphone penetration, rising internet connectivity, growing adoption of subscription-based services and expanding music catalogues as drivers of the market growth.

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SPOT ETF offers investors a unique opportunity to access this fast-growing and dynamic industry, with exposure to a diversified portfolio of companies that are leading the innovation and transformation of the music streaming landscape. SPOT ETF is also actively managed by Amplify ETFs, which means that the fund can adjust its holdings according to the changing market conditions and trends. SPOT ETF is listed on the NYSE Arca and has an expense ratio of 0.75%.

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\"Barron's
Stock PicksLists & RankingsMagazineDataAdvisorPenta

Berkshire Hathaway\u2019s Market Cap Climbs. It Could Soon Overtake Tesla.

By Al Root

Updated March 07, 2022, 10:29 am EST / Original March 07, 2022, 9:04 am EST

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", + "page_last_modified": "" + }, + { + "page_name": "A Remarkable Chart: Tesla vs Berkshire Hathaway", + "page_url": "https://blog.prospectorpartners.com/a-remarkable-chart-tesla-vs-berkshire-hathaway", + "page_snippet": "As of the writing of this blog, Tesla now boasts a higher market cap than Berkshire Hathaway \u2014 the conglomerate run by Warren Buffett which consists of venerable businesses such as: GEICO, Burlington Northern Santa Fe, Benjamin Moore, NetJets, Duracell, Dairy Queen, and many more.As of the writing of this blog, Tesla now boasts a higher market cap than Berkshire Hathaway \u2014 the conglomerate run by Warren Buffett which consists of venerable businesses such as: GEICO, Burlington Northern Santa Fe, Benjamin Moore, NetJets, Duracell, Dairy Queen, and many more. To put the stock\u2019s rally into context, back in March 2020, Berkshire Hathaway had enough cash and short-term investments (around $100B) to buy Tesla outright as its market cap fell below $100B. To put the stock\u2019s rally into context, back in March 2020, Berkshire Hathaway had enough cash and short-term investments (around $100B) to buy Tesla outright as its market cap fell below $100B. In terms of revenue, Berkshire earned $255B in revenue in 2019 \u2014 ten times Tesla\u2019s revenue of $25B.1 Tesla (TSLA) began 2020 with a market capitalization under $100 billion, and by November 25th, 2020 had a value of over $500 billion \u2014 a five-fold increase. As of the writing of this blog, Tesla now boasts a higher market cap than Berkshire Hathaway \u2014 the conglomerate run by Warren Buffett which consists of venerable businesses such as: GEICO, Burlington Northern Santa Fe, Benjamin Moore, NetJets, Duracell, Dairy Queen, and many more.", + "page_result": "\n \n \n \n \n \n A Remarkable Chart: Tesla vs Berkshire Hathaway\n \n \n\n\n \n\n \n \n \n \n\n \n\n \n \n\n\n \n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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A Remarkable Chart: Tesla vs Berkshire Hathaway

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This blog was originally posted in December 2020, republished with updated data. 

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Of the many charts illustrating the enormous run-up of growth stocks in the past few years, the chart below may take the cake.

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Tesla (TSLA) began 2020 with a market capitalization under $100 billion, and by November 25th, 2020 had a value of over $500 billion \u2014 a five-fold increase. As of the writing of this blog, Tesla now boasts a higher market cap than Berkshire Hathaway \u2014 the conglomerate run by Warren Buffett which consists of venerable businesses such as: GEICO, Burlington Northern Santa Fe, Benjamin Moore, NetJets, Duracell, Dairy Queen, and many more.

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Market Cap Comparison ($1,000,000s)
Tesla versus Berkshire Hathaway\"2022.03
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To put the stock\u2019s rally into context, back in March 2020, Berkshire Hathaway had enough cash and short-term investments (around $100B) to buy Tesla outright as its market cap fell below $100B. In terms of revenue, Berkshire earned $255B in revenue in 2019 \u2014 ten times Tesla\u2019s revenue of $25B.1

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Has Tesla really increased shareholder value by 500% in two years? Not likely, but the company\u2019s 5:1 stock split and the announcement of its inclusion into the S&P 500 Index was enough to heighten the already-lofty sentiment around the stock. Using estimated 2020 earnings, Tesla\u2019s stock has been trading at a price-to-earnings ratio of roughly 283x (depending on the day) compared to less than 30x for the S&P 500 Index.

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1Markets Insider. Business Insider.

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", + "page_last_modified": " Mon, 04 Mar 2024 09:27:41 GMT" + }, + { + "page_name": "Bitcoin Overtakes Tesla, Berkshire Hathaway Stock to Become Top ...", + "page_url": "https://www.coinspeaker.com/bitcoin-tesla-berkshire-hathaway-stock/", + "page_snippet": "Bitcoin has surpassed both Tesla and Berkshire Hathaway stocks to become one of the top 10 assets by market cap in the world.As per Infinite Market Cap, Bitcoin has overtaken the likes of Tesla Inc (NASDAQ: TSLA) and Berkshire Hathaway Inc (NYSE: BRK.B) to enter the top 10 assets in the world by market cap. This puts it in the same league as Amazon.com Inc (NASDAQ: AMZN) stock and even gold. Berkshire Hathaway Inc. New BRK-B ... Tesla, Inc. TSLA ... You have successfully joined our subscriber list. Bitcoin has become one of the top 10 assets in the world by market cap. This places it higher than Tesla, Visa, and Berkshire Hathaway stock. This places it higher than Tesla, Visa, and Berkshire Hathaway stock. Crypto watchers might remember that a few years ago, Bitcoin was declared the top-performing asset of the 2010s, even beating out competitors like gold and stocks like Apple Inc (NASDAQ: AAPL). Now, it seems history is repeating itself, according to Infinite Market Cap, a platform that tracks the market capitalization of thousands of assets. As per Infinite Market Cap, Bitcoin has overtaken the likes of Tesla Inc (NASDAQ: TSLA) and Berkshire Hathaway Inc (NYSE: BRK.B) to enter the top 10 assets in the world by market cap. As of this article, Bitcoin has a market cap of $818.3 billion, which is just under Meta\u2019s market cap of $834.76 billion. Its closest competitor is Berkshire Hathaway stock, which has a market cap of $777.3 billion.", + "page_result": "\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBitcoin Overtakes Tesla, Berkshire Hathaway Stock to Become Top 10 Asset\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
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\n\nBitcoin (BTC)\n\n
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1 BTC = ... USD
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      1 BTC = ... USD
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      Bitcoin Overtakes Tesla, Berkshire Hathaway Stock to Become Top 10 Asset

      \n\n\n\n| Updated\n\n
      \nby Tokoni Uti\n· 3 min read\n       \n
      \n
      \n\n\"Bitcoin \n
      Photo: Depositphotos
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      Bitcoin has become one of the top 10 assets in the world by market cap. This places it higher than Tesla, Visa, and Berkshire Hathaway stock.

      \n
      \n

      Crypto watchers might remember that a few years ago, Bitcoin was declared the top-performing asset of the 2010s, even beating out competitors like gold and stocks like Apple Inc (NASDAQ: AAPL). Now, it seems history is repeating itself, according to Infinite Market Cap, a platform that tracks the market capitalization of thousands of assets.

      \n

      As per Infinite Market Cap, Bitcoin has overtaken the likes of Tesla Inc (NASDAQ: TSLA) and Berkshire Hathaway Inc (NYSE: BRK.B) to enter the top 10 assets in the world by market cap. This puts it in the same league as Amazon.com Inc (NASDAQ: AMZN) stock and even gold.\n\n\n\n

      \n

      Bitcoin on the Rise

      \n

      Bitcoin, like most of the crypto industry, is currently recovering from a harsh crypto winter. In April of last year, the price of Bitcoin dipped below $40,000 per token and even below $20,000 at several points. This could be put down to general market swings, as well as several high-profile industry collapses of last year, including Terra and FTX. These created an air of tension in the industry and as the prices of cryptos fell across the board, many companies were forced to lay off staff and scrap upcoming projects.

      \n

      Now, Bitcoin has risen above the $41,000 mark and some experts are eyeing the $100,000 point by sometime next year. This optimism has been triggered by the incoming Bitcoin halving, which historically signals a spike in the token price. There is also the Bitcoin ETF application that has been pursued by the industry for years but seems to be on the brink of approval.

      \n

      As of this article, Bitcoin has a market cap of $818.3 billion, which is just under Meta\u2019s market cap of $834.76 billion. Its closest competitor is Berkshire Hathaway stock, which has a market cap of $777.3 billion.

      \n

      The Resilience of Bitcoin

      \n

      It is quite telling that Bitcoin has been able to recover from a winter that lasted for several months. Every time that the price of Bitcoin has dipped, critics rush to declare cryptocurrency dead as a whole. But once again, Bitcoin has come out of its winter and seems to be on a path to even surpassing its previous all-time high. This shows the resilience of the token and should boost investor confidence.

      \n

      It is also very telling that Bitcoin\u2019s market capitalization has risen so high that is in the same category as gold, silver, and Amazon stock only a decade into its existence.

      \n

      If this current trajectory continues, we can expect that not only will Bitcoin end this decade as one of the highest-performing assets as it did last time but this success should also trickle down to other tokens in the industry.

      \nnext\n\nBitcoin News, Business News, Cryptocurrency News, Market News, News \n\n\n\n
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      \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n", + "page_last_modified": "" + }, + { + "page_name": "Tesla market value drops $600 billion, worth less than Warren ...", + "page_url": "https://www.autoblog.com/2022/11/09/tesla-market-value-lower-than-berkshire-hathaway/", + "page_snippet": "Elon Musk's Tesla has tumbled below Warren Buffett's Berkshire Hathaway in market value, as investors continue to swap out riskier stocks for safer options, and worry Musk's Twitter takeover could be a costly distraction. Tesla's market capitalization fell to just over $600 billion as of Tuesday's ...Elon Musk's Tesla has tumbled below Warren Buffett's Berkshire Hathaway in market value, as investors continue to swap out riskier stocks for safer options, and worry Musk's Twitter takeover could be a costly distraction. Tesla's market capitalization fell to just over $600 billion as of Tuesday's close, well short of Berkshire's $645 billion market value. Tesla stock has plunged amid a wider tech sell-off and worries about Musk's Twitter takeover, while investors have bought Berkshire shares for safety. Elon Musk's Tesla has dropped below Warren Buffett's Berkshire Hathaway in market value. Tesla stock has been hit by a wider tech sell-off and concerns over Musk's Twitter takeover. Berkshire has benefited from the rush to haven assets, and profited from higher interest rates. According to latest figures, Tesla stock has plunged by 52% this year, wiping roughly $600 billion from the automaker's market cap. Meanwhile, Berkshire shares have slid just 3%, leaving the conglomerate's market cap virtually intact. The contrast in their fortunes reflects how differently investors perceive the risk of holding each of their stocks.", + "page_result": "\n\n\n\t\n\t\t\n\n\nTesla market value drops $600 billion, worth less than Warren Buffett's Berkshire Hathaway - Autoblog\n\n\n\n\n\n\n\n\t\n\n\t\n\t\n\n\n\n\n\t\n\n\n\n\t\n\n\t\t\n\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\t\n\t\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\t\n\n\t\n\t\n\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n\t\t\t\n\t\t\n\n\n\n\n\t\t\n\t\t\n\t\t\n\t\t\t\t\n\t\t\t\n\n\t\t\n\n\t\t\n\t\n\n\t\n\t\t
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      \n\tTesla market value drops $600 billion, worth less than Warren Buffett's Berkshire Hathaway

      \n\n

      Investors moving to safer options

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      \n\t\t\t\t\t\t\t\tNov 9th 2022 at 7:10AM
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      \n Warren Buffett (left) and Elon Musk (right). Alex Wong/Getty, REUTERS/Rebecca Cook\n
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      • Elon Musk's Tesla has dropped below Warren Buffett's Berkshire Hathaway in market value.
        • \n
      • Tesla stock has been hit by a wider tech sell-off and concerns over Musk's Twitter takeover.
        • \n
      • Berkshire has benefited from the rush to haven assets, and profited from higher interest rates.
        • \n
      \n

      Elon Musk's Tesla has tumbled below Warren Buffett's Berkshire Hathaway in market value, as investors continue to swap out riskier stocks for safer options, and worry Musk's Twitter takeover could be a costly distraction.

      \n

      Tesla's market capitalization fell to just over $600 billion as of Tuesday's close, well short of Berkshire's $645 billion market value. Buffett's company has officially reclaimed its spot as the fifth-largest company in the S&P 500 index.

      \n

      That's a striking reversal, given shares of Musk's electric-vehicle maker soared from a split-adjusted $30 at the start of 2020 to north of $400 last November, lifting the company's market cap from under $100 billion to over $1.2 trillion at its peak.

      \n

      According to latest figures, Tesla stock has plunged by 52% this year, wiping roughly $600 billion from the automaker's market cap. Meanwhile, Berkshire shares have slid just 3%, leaving the conglomerate's market cap virtually intact. The contrast in their fortunes reflects how differently investors perceive the risk of holding each of their stocks.

      \n

      Musk's company has been hammered by a wider exodus from technology stocks in the face of stubborn inflation, rising interest rates, and a looming recession.

      \n

      Fast-growing businesses promise to earn the bulk of their profits in the future, but those dollars become less appealing when prices are rising, and savings accounts and bonds are offering larger, guaranteed returns.

      \n

      Moreover, tech companies' lofty valuations, lack of steady cash flows, and more speculative investments often make them more vulnerable to economic downturns.

      \n

      Also, Musk recently closed his $44 billion buyout of Twitter, and is now in the process of revamping the social-media platform, laying off roughly half its workforce, and trying to stop it from hemorrhaging cash. He just sold about $4 billion of Tesla stock, likely to service the loans he took out to finance his takeover.

      \n

      Close followers of Tesla fear Musk has become less focused on the automaker, and might sell more shares, which could temper the company's prospects and drag down its stock price.

      \n

      Berkshire stock has fared better this year as investors consider it a safe place to keep their money. Buffett's company actually benefited from higher interest rates and a stronger dollar last quarter, reflecting its mountain of cash and bonds, and its largely domestic focus.

      \n

      Buffett is also known for prizing stocks and businesses with strong brands that dominate their markets, such as Kraft Heinz and Coca-Cola, as they're able to raise prices to offset inflation. Moreover, Berkshire is hugely diversified, so a housing-market crash or a plunge in retail sales is unlikely to eviscerate its earnings.

      \n

      Notably, Berkshire has poured upwards of $25 billion into Chevron and Occidental Petroleum this year, and now counts the two oil-and-gas companies among the top holdings in its stock portfolio.

      \n

      Those bets have soared in value this year, as Russia's war with Ukraine continues to roil energy markets and drive up prices, which has helped to offset weakness in other parts of Berkshire's business.

      \n

      Tesla could find another gear and zoom past Berkshire in market value, but for now at least, Buffett has the bragging rights over Musk once again.

      \n

      Read the original article on Business Insider

      \n

      Here's a chart comparing Tesla and Berkshire's market caps in recent years:

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