Bitcoin (BTC) vs. Amazon (AMZN) by the fifth largest financial asset in the world. (QWEN IMAGE)
The increase of more than 7% of the Bitcoin (BTC) This week not only caught the attention of investors in recent days, but also made the cryptocurrency reach new levels – literally.
According to the portal Companies by Market Capthe BTC is in a billion dispute with the Amazon (AMZN) by the post of fifth largest asset on the planet in market value.
Last Monday (12), when the BTC reached $ 105,000, the market value of cryptocurrency exceeded that of the retailer for a brief moment.
Already this Wednesday (14), with the fall of the quotes, Amazon was again the fifth largest asset in the world, worth US $ 2.227 trillion – against US $ 2.054 trillion From Bitcoin.
Truth be told, in the same week that the BTC rose about 7.4%, Amazon shares jumped 11.3%, which explains a “head to head” dispute between assets.
Bitcoin (BTC) and Amazon (AMZN): Who is who
Bitcoin is not only the largest cryptocurrency in the world, but also the first of them. Founded in January 2009, currency emerged as an alternative to the traditional financial system, introducing and popularizing technology blockchain and person to person transactions (P2P or peer-to-peer).
Despite having started as a parallel product from Deep Web – And to this day carry some stigma for this, being considered by opponents of BTC ideology as “traffic money” – Bitcoin has gained space among investors due to their exponential character, ensuring substantial returns despite the volatility of the asset.
On the other hand, Amazon is one of the largest technology and e -commerce companies in the world, founded in 1994 by the now billionaire Jeff Bezos. Initially, the company operated only as an online bookstore.
However, it has been expanding its portfolio to include a wide range of products such as electronics, clothing, toys, food and more, becoming the largest global online retailer.
In addition, the company has stood out in the technology business with the Amazon Web Services (AWS) and cloud computing.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
