Bitcoin is nearing the market capitalization of Google, but why is this an important trend to observe?
Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization.
Currently, as of April 17, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 trillion.
What is the similarity between Bitcoin and Google?
The similarity between Bitcoin and Google that Zschaepitz pointed out is that both have dominance in their respective sectors.