The market capitalization of Bitcoin has risen to $480 billion this month, bypassing that of payment company Visa, whose current market value stands at $469 billion.
This is not the first time that Bitcoin has become more expensive than many financial companies and banks.
For example, in 2020, the crypto surpassed JPMorgan in terms of capitalization. The head of the company, Jamie Dimon, has been criticizing Bitcoin over the past few years and considers it a scam.
Moreover, Bitcoin has been more expensive than the Visa payment system for the third time.
The first time the crypto bypassed the company was in December 2020, and the second time was in October last year.