Bitcoin has recently been through a string of gloomy news. Despite all that, it lost almost nothing of its value. The possibility of a ban on cryptocurrencies in India and an absolute restriction on the use of digital money as a form of payment for goods and services in Turkey did not affect the world’s flagship coin. All in all, this spring has been a good time for BTC. In mid-March, the world’s first digital asset set one more record. The cryptocurrency hit a market capitalization of $1.2 trillion, another all-time high. In fact, it took bitcoin 12 years to set such a record. Meanwhile, American tech giants such as Microsoft, Apple, Amazon, and Google needed more time to do the same. Thus, bitcoin has confirmed the status of the fastest growing asset in the financial world again. Clearly, bitcoin still lags behind large tech corporations that surpass it in market capitalization. Yet, given BTC’s rapid pace, it is safe to say that it is just a matter of time. An exponential increase in the market capitalization of the premier cryptocurrency is still ongoing. This proves that investors are determined to spend money on it. In fact, the worldwide popularity of bitcoin is growing along with its credibility.
