Bitcoin could flippen PayPal on bullish news from... PayPal

Soon, Bitcoin could be bigger than the company that's driving its bullish momentum.

Bitcoin has risen risen dramatically in market cap over the years, recently taking its place among the top 25 largest companies and assets by market cap.

At press time, Bitcoin holds a market cap near $240 billion, totaling all the speculative capital invested in the asset.

Bitcoin has yielded a highly bullish day of price action following news that PayPal has confirmed a timeline for bringing crypto to its platform.

Bitcoin is only a single position behind PayPal, which holds the 21st spot, at time of publication.

Bitcoin climbed 13 places in its market cap ranking over the last month, a feat matched by Zoom - which has also proved to be a resilient player during the COVID-19 pandemic.

Bitcoin's market cap is not the highest it has ever been, however.

A CoinMarketCap historical snapshot from Dec. 17, 2017, the date of Bitcoin's last all-time high, shows the asset boasting a $320.5 billion market cap at a price of $19,140 per coin.

Crypto's pioneering asset continues to be a tremendous rags-to-riches story.

Since its launch in 2009, Bitcoin has soared from pennies to thousands of dollars per coin, fighting numerous battles along the way, while igniting an entire industry around itself and its underlying technology.