Bitcoin Is Now The 8th Most Valuable Asset In The World!
The Digital Currency is outpacing digital social media platforms. Cryptomining.mobi as we reported, Bitcoin (BTC) is the 8th most valuable since Friday, when its price crossed the 60 thousand dollar zone. he's become an asset. The recent price increase of BTC has increased its market capitalization to $ 1.119 trillion, and the price has surpassed the market capitalization of Facebook. The digital asset is also very close to surpassing the overall silver market value of the whole world.
Bitcoin (BTC) becomes 8th most valuable asset by market cap
Crypto analyst Reshab Agarwal notes that the market capitalization of Bitcoin (BTC) has exceeded Facebook, which has a market capitalization of $ 926.27 billion, the market rally looks fine, and silver is very close to market capitalization. Dec April, when the crypto currency made a new ATH from about 65 thousand dollars, it had also risen to this position.
At the start of the year, Bitcoin (BTC) changed hands at just $41,462 per unit and Facebook's market cap was $758 billion, leaving the company behind. Meanwhile, BTC was on the verge of overtaking Tesla, an electric car manufacturing company whose CEO is Elon Musk. BTC has become even bigger than Berkshire Hathaway, which had a market cap of $636.97B on Friday.
The next hurdle for the digital asset is silver. Silver has a market cap of around $1.3 trillion and BTC is just 17.3% away from breaking that limit. Gold, Apple, Microsoft, Saudi Aramco, Alphabet(Google) and Amazon are other companies ahead of BTC. BTC's ultimate goal is to beat gold by gaining more than 905%. Do you think it will pass silver sooner or later?
If BTC exceeds Apple's net worth, Satoshi will become the richest person in the world
As of Friday, Apple's Market Cap was $2.376 trillion. And at the moment, it is almost 2.394 trillion dollars. So, in order to exceed this value, the leading crypto-BTC needs to earn about 112,3% or more. And if this happens sooner or later, Bitcoin (BTC) will become the second most valuable asset in the world, and Satoshi, according to his estimated assets, will become the richest person in the world. So, how can it pass under it? Then the answer is simple, according to the current gold price, each BTC unit should be worth $ 619,500.
Isn't it hard to believe that a non-existent digital currency is growing so fast? You can even buy NFTs (Non Fungible Tokens) with Bitcoin, and this is a substitute for gold. By the way, it is also necessary to note that Bitcoin has become the official means of payment in DEC country.