Bitcoin Market Cap Reaches $2.22 Trillion, Displacing Visa & Mastercard

Bitcoin’s market capitalization has surged past the $2.22 trillion mark, surpassing both Visa and Mastercard in value. This unprecedented milestone signals Bitcoin’s growing dominance within the global financial landscape. Experts attribute this rise to robust institutional investment and increased allocation of assets by financial managers. 2023 has seen a significant shift with the cryptocurrency market reflecting its influence on traditional finance systems. Influential figures like Michael Saylor, Executive Chairman of MicroStrategy, have emphasized Bitcoin’s ability to rival legacy payment networks, while investor Anthony Pompliano highlights the growing institutional interest in Bitcoin.