Becoming more valuable than the payment services giant Visa, the price of Bitcoin surpassed $28,000 on Sunday. It's been a colossal month for the world's largest cryptocurrency.
With the total market cap crossing $500 billion, the cryptocurrency now holds a greater value than the world's most prominent retailer Walmart and the world's largest payment services company Visa.
Currently, Bitcoin is trading above $27,000 and has a total market cap of $501 billion. Visa's total market cap is roughly $488 billion. By comparison, Walmart's total market cap is around $400 billion.
Earlier in December, Bitcoin also surpassed Mastercard's total market cap and is reaching significant milestones. If this steady rate of growth continues, Bitcoin could eventually overtake Warren Buffet's Berkshire Hathaway market cap of nearly $530 billion.
Recent financial data shows that Samsung's total value currently stands at $451 billion, making bitcoin more valuable than the electronics giant in terms of market cap.
During the last week of November, the world's number one cryptocurrency was trading at around $17,000 and had a total market cap to the value of $310 billion.
Within 30 days, BTC managed to add the staggering figure of almost $200 billion to its market cap, and now accounts for around 70% of total market cap of cryptocurrencies.
Several cryptocurrencies such as Ethereum, Litecoin and Bitcoin Cash also gained considerable value this month, contrasting the 50% crash in XRP price after the SEC's lawsuit against Ripple Labs and its two executives for conducting an unregistered securities offering to the value of $1.3 billion.