No, bitcoin is not “the ninth-most-valuable asset in the world”

You might have noticed that the bitcoin is . . . mooning.

No, we don’t mean that the bitcoin bros are showing their bottoms to the rest of the world (well, not literally anyway). What we mean is that bitcoin has been on a skyward trajectory ever since it climbed above $20,000 for the first time ever in mid-December, and on Wednesday morning reached an all-time-high of $35,751, according to Coindesk.

Here’s a chart showing bitcoin’s path over the past 12 months…


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