Bitcoin, the World’s largest cryptocurrency by market capitation, is unquestionably the most prominent and well-known cryptocurrency in the world.
Pretty much every crypto investor owns or has owned at least some bitcoin in the past. The market-leading currency trumps the second place, Ethereum, by over $200 billion in its market cap.
Moreover, BTC has around $484 billion in its market capitalization. This makes Bitcoin a more valuable asset than well-established financial institutions such as credit card giants Master Card and Visa, as well as some of the world’s largest banks like JP Morgan Chase and Bank of America.
In fact, putting BTC in a list comparing it to all of the world’s largest companies, precious metals, cryptocurrencies, and ETFs, the crypto lists as the 12th most valuable asset in the world.
The list is topped by Gold, followed by Apple and Microsoft. Among the top, relevant companies like Google, Amazon, and the petrol giant Saudi Aramco are also present. Elon Musk’s Tesla is the last company in the top ten of most valuable assets in the world.
What’s interesting is the fact that Bitcoin has a very good chance of finishing the year with a secured spot in the top 10 of this list. The cryptocurrency is currently behind Tesla by “only” $89 billion— but in this year’s first 60 days, Bitcoin has already grown by over $150 billion in its market capitalization.
In fact, if BTC had the same $1.2 trillion market cap that it had in November of 2021—during its all-time high—the asset would currently be sitting in fifth place on that list.
Bitcoin’s potential to secure a spot in the top 10 most valuable assets in the world in the near future is a testament to its continued growth and mainstream adoption. While investment in cryptocurrencies comes with its risks, Bitcoin’s impressive rise in value and growing popularity highlight its potential to revolutionize the world of finance and beyond.
