Bitcoin Price May Hit $100K by Year End

Bitcoin's (BTC) price exceeded $30,000, increasing the market capitalisation by more than $35 billion in a single day.

Bitcoin and the cryptocurrency market have proven to be more resilient than fiat currencies like the US dollar (USD), British pound (GBP), and Russian ruble (RUB).

The market capitalization of Bitcoin, if it were to reach $100,000, would be almost $1.93 trillion, surpassing the market capitalizations of big corporations and conventional assets including silver, Alphabet/Google, Amazon, Berkshire Hathaway, NVIDIA, and Tesla.

All major banks, including JPMorgan Chase and Bank of America, have previously been exceeded by Bitcoin, while Visa was most recently added to the list.