: Bitcoin’s rally catapulted it to a market capitalization of $US1 ($1) trillion for the first time on Friday.
: The popular cryptocurrency climbed above $US53,000 ($67,434) for the first time Friday morning.
: Bitcoin’s 60% surge in February has outperformed by far traditional assets, from stocks to gold.

“Bitcoin’s market cap hitting $US1 ($1) trillion demonstrates the mainstreaming of cryptocurrency as a store of value” said Adam Liposky, Ecosystem Operations Lead at Pocket Network, a blockchain data ecosystem for Web3 applications. “Most of us in the market view this milestone as validation for the entire market.”

The cryptocurrency now joins a rarified trillion-dollar market capitalization club with the likes of Amazon, Microsoft, Apple, and Alphabet.