{"id":174229,"date":"2021-02-09T20:47:28","date_gmt":"2021-02-09T17:47:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-flippens-russian-ruble-after-tesla-purchase\/"},"modified":"2021-02-09T20:47:28","modified_gmt":"2021-02-09T17:47:28","slug":"bitcoin-flippens-russian-ruble-after-tesla-purchase","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-flippens-russian-ruble-after-tesla-purchase\/","title":{"rendered":"# Bitcoin flippens Russian ruble after Tesla purchase"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin flippens Russian ruble after Tesla purchase <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZjY1ODU3YmMtNGJmNS00NjFiLWFjZjktZWQwYjkzZDU2NDdiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>After hitting a new all-time high of more than $48,000 earlier today, the market capitalization of Bitcoin has surpassed the total market cap of the Russian ruble.\u00a0<\/p>\n<p>According to data from AssetDash, Bitcoin\u2019s market cap <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/assetdash.com\/\">is<\/a> $871 billion at the time of publication. This exceeds the money supply of the Russian ruble, which as of January was\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cbr.ru\/eng\/statistics\/ms\/\">estimated<\/a> to be 58.6 trillion RUB, currently valued at roughly $791.1 billion. The crypto asset has also overtaken Tesla Motors in market capitalization after a brief retreat yesterday \u2014 the car manufacturer\u2019s market cap is $813 billion at the time of publication, having fallen 1.8% in the last 24 hours.<\/p>\n<p>The price rise that led to Bitcoin flipping the ruble in value followed <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that Tesla had purchased an aggregate of $1.5 billion in Bitcoin, to be held as an investment and store of value for its excess cash. The price of BTC subsequently surged to a new all-time high of $48,200. Though it has since fallen under $47,000, the market cap of the crypto asset remains higher than that of Tesla and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>, and is gaining on Chinese multinational tech conglomerate Tencent, currently valued at $911 billion.<\/p>\n<p>Bitcoin\u2019s market cap was already worth more than the total value of many fiat currencies around the world, including the Mexican <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/mexico\/money-supply-m0\">peso<\/a> at roughly $731 billion. Though Bitcoin (BTC) remains the top rated asset on CoinMarketCap, the analytics website is currently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/tesla\/\">listing<\/a> the Tesla Model 3 above the coin in the &#8220;0&#8221; position, with the vehicle retailing at $37,990 in the U.S.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-flippens-russian-ruble-after-tesla-purchase\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin flippens Russian ruble after Tesla purchase &#8221; After hitting a new all-time high of more than $48,000 earlier today, the market capitalization of Bitcoin has surpassed the total market cap of the Russian ruble.\u00a0 According to data from AssetDash, Bitcoin\u2019s market cap is $871 billion at the time of publication. This exceeds the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":174230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZjY1ODU3YmMtNGJmNS00NjFiLWFjZjktZWQwYjkzZDU2NDdiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74937,75679,79366,117,4975],"class_list":["post-174229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-price","tag-market-capitalization","tag-market-capitalization-news","tag-business","tag-russia"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=174229"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/174230"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=174229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=174229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=174229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}