--- title: Is bitcoin on top of the world? description: Bitcoin surpasses $1 trillion cap, Super Micro Computer becomes AI favourite, GRANOLAS rival the Magnificent 7. 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If you made a mistake, please change here USA Country Switzerland Canada: Other than Ontario, Quebec, Alberta Canada: Ontario, Quebec or Alberta USA Other country Language Language English French German Italian I confirm Legal information This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) ### Is bitcoin on top of the world? Bitcoin surpasses $1 trillion cap, Super Micro Computer becomes AI favourite, GRANOLAS rival the Magnificent 7. Each week, the Syz investment team takes you through the last seven days in seven charts. [![Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/hubfs/charles-2.jpg)](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau) [**Charles-Henry Monchau, CFA, CMT, CAIA**](https://blog.syzgroup.com/fast-food-for-thought/author/charles-henry-monchau) Chief Investment Officer **Monday, 02/19/2024** | - [![Pdf](https://blog.syzgroup.com/hubfs/pdf%20(1).png)](https://blog.syzgroup.com/hubfs/Syz-Feature_WeekIn7Charts_240219.pdf?hsLang=en) - - - - ##### Chart #1 ## **Bitcoin's market capitalisation once again exceeds a trillion dollars** After rising sharply in recent weeks, bitcoin's market capitalisation has risen back above $1 trillion. This was already the case two years ago, but the leading cryptocurrency has since undergone a very sharp correction. Its capitalisation is now greater than the GDP of the Netherlands ($991 billion), Switzerland ($808 billion), Israel ($522 billion) and the United Arab Emirates ($508 billion). This capitalisation also places bitcoin among the titans of the business world, surpassing Berkshire Hathaway, whose market capitalisation stands at nearly $875 billion. ![Picture1-Feb-19-2024-01-12-31-3953-PM](https://blog.syzgroup.com/hs-fs/hubfs/Picture1-Feb-19-2024-01-12-31-3953-PM.png?width=444&height=396&name=Picture1-Feb-19-2024-01-12-31-3953-PM.png) Source : [https://companiesmarketcap.com/assets-by-market-cap](https://companiesmarketcap.com/assets-by-market-cap) --- ##### Chart #2 ## **The Magnificent 7 remain the darling of investors** According to BofA's latest survey of fund managers, investors are massively positioned in US technology. The 'Magnificent 7' are currently the main conviction of 61% of the investors surveyed. This is what is known as a crowded trade. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Feb-19-2024-01-13-48-6235-PM.png?width=686&height=392&name=image-png-Feb-19-2024-01-13-48-6235-PM.png)Souce: BofA --- ##### Chart #3 ## **Super Micro Computer, the new star of artificial intelligence?** The world of AI has a new muse: Super Micro Computer ($SMCI) is now the 161st largest public company in the United States. A year ago, Super Micro Computer's shares were worth less than $5 billion. Today, it is worth $55 billion and has risen more than 1,000% from its 2023 low. Since 1 January, the share price has risen by 230%, representing an increase in market capitalisation of around 30 billion dollars. Super Micro Computer is an information technology company founded in 1993 and based in San José, California. Working closely with key partners such as Intel, Supermicro offers the broadest range of advanced server and storage solutions in the industry. Note that Super Micro stock entered a bear market at the end of the week, dropping by 25% from its peak… ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Feb-19-2024-01-15-16-7125-PM.png?width=625&height=424&name=image-png-Feb-19-2024-01-15-16-7125-PM.png) Source:The Kobeissi Letter --- ##### Chart #4 ## **Warren Buffet sells a small portion of his Apple shares**   Berkshire Hathaway, managed by legendary investor Warren Buffet, has just published its updated $347 billion portfolio. The holding company sold around 10 million Apple shares worth almost $2 billion in the last quarter of 2023, according to the company's 13-F filing. Berkshire also sold the majority of its position in HP and about half of its shares in Paramount Global. The company strengthened its positions in Chevron and Occidental Petroleum, as well as Sirius XM Holdings. Berkshire disposed of its large positions in StoneCo and D.R. Horton, as well as two smaller positions in insurance companies Globe Life and Markel. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Feb-19-2024-01-16-24-5885-PM.png?width=455&height=569&name=image-png-Feb-19-2024-01-16-24-5885-PM.png)   Source: Creative Capital --- ##### Chart #5 ## **The GRANOLAS hold their own against the magnificent 7**   Did you know that another group of European equities has managed to keep pace with the magnificent 7s over the last three years? We're talking about the GRANOLAS, ten stocks that now account for almost a fifth of the market capitalisation of the benchmark Stoxx 600 index. In 2020, the investment bank Goldman Sachs coined the acronym GRANOLAS for 11 pan-European stocks: GlaxoSmithKline, Roche Holding, ASML, Nestlé, Novartis, Novo Nordisk, L'Oréal, LVMH, AstraZeneca, SAP and Sanofi. Three years on, the ranking of the largest capitalisations has changed somewhat. GlaxoSmithKline, Sanofi and SAP have dropped out of the Top 10, while Hermès and Shell have entered. But the characteristics of these stocks remain the same: solid balance sheets, strong earnings growth with little sensitivity to the economic cycle, and high dividend yields. Unlike the US, Europe is not dominated by technology. Instead, the lion's share of this Top 10 is accounted for by the luxury goods, healthcare and consumer sectors. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Feb-19-2024-01-17-16-3228-PM.png?width=655&height=522&name=image-png-Feb-19-2024-01-17-16-3228-PM.png)Source : Goldman Sachs --- ##### Chart #6 ## **What is scarce is expensive (and very profitable...)** When your business is based on rarity and desirability, size is no longer an issue. In 2023, Volvo Cars sold ~52 times as many cars as Ferrari, 709,000 compared to 13,700 units. In terms of turnover, Volvo Cars generated 35.3 billion euros, 6 times more than Ferrari's 6 billion euros. But when it comes to profitability, the ratios are reversed. It is interesting to note that Volvo Cars generated "only" €1.8 billion in operating profit (a margin of 5%), compared with Ferrari's €1.6 billion (27%).   ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Feb-19-2024-01-18-17-0041-PM.png?width=428&height=519&name=image-png-Feb-19-2024-01-18-17-0041-PM.png) Source: Quartr --- ##### Chart #7 ## **The consequences of the one-child policy in China** China is currently facing a number of challenges. One of the biggest is demographics. China has an ageing population; by 2050, the median age will be 50.7. ![](https://blog.syzgroup.com/hs-fs/hubfs/image-png-Feb-19-2024-01-19-13-3942-PM.png?width=662&height=488&name=image-png-Feb-19-2024-01-19-13-3942-PM.png) Source: Markets & Mayhem --- #### Disclaimer This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. Read More ## Related Articles [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) #### [Four years into the bull market](https://blog.syzgroup.com/fast-food-for-thought/four-years-into-the-bull-market?hsLang=en) Meanwhile, earnings growth, not valuation expansion, is doing the heavy lifting behind the S&P 500’s rally. Each week, the Syz investment team takes you through the last seven days in seven charts. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 12/10/2026 [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) #### [Is France’s sovereign debt heading towards “junk” territory?](https://blog.syzgroup.com/fast-food-for-thought/is-frances-sovereign-debt-heading-towards-junk-territory?hsLang=en) Meanwhile, what does Anthropic’s $2tn valuation assume about future growth? Each week, the Syz investment team takes you through the last seven days in seven charts. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 05/10/2026 [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thought/tag/the-week-in-seven-charts) #### [The 10-year Treasury yield hits a 19-year high](https://blog.syzgroup.com/fast-food-for-thought/the-10-year-treasury-yield-hits-a-19-year-high?hsLang=en) Meanwhile, US earnings growth leaves the rest of the world behind. Each week, the Syz investment team takes you through the last seven days in seven charts. **[Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/author/charles-henry-monchau?hsLang=en)** | 28/09/2026 ## Straight from the Desk # Syz the moment Live feeds, charts, breaking stories, all day long. 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