BTC is still the 9th most valuable asset in the world by market capitalization
2 min readDespite declining value over the past three months, the primary cryptocurrency BTC is still the ninth most valuable asset in the world in terms of market capitalization. In addition, BTC could outperform some of the world’s most valuable assets in the future, with 63% currently left to reach technology giant Google and other valuable companies and commodities.
BTC: The ninth most valuable asset in the world in terms of market capitalization
BTC is according to statistics assetdash.com, a web portal compiling a ranking of global assets by market capitalization, still the ninth most valuable asset in the world. Three months ago, it reached a historic high of $ 64,895, and the price is now more than 45% below that level.
The leading cryptocurrency also hit a low ten days ago at $ 28,600, but has since recovered approximately 14% of its losses. Of course, at ATH, BTC held a much higher position on the assetdash.com list and overtook companies like Facebook. Berkshire Hathaway jumped over BTC’s market valuation on Saturday.
With a market value of $ 648 billion, BTC is still one of the world’s major assets over companies such as JPMorgan Chase, Nvidia, Visa, Alibaba and the Taiwan Semiconductor Manufacturing Company (TSMC).
BTC’s market capitalization is double that of companies such as Toyota, Procter & Gamble and Walt Disney Company. And even four times larger than companies like Phillip Morris, Royal Bank of Canada, Anheuser-Busch and Citigroup.
Flippening – BTC Vs. other assets
The creators of assetdash.com have also developed another site called “BTC Flippening”, which shows how close the cryptocurrency is to overtake nine other assets. BTC, for example, is very close to overcoming Tesla, as it is about 1% below the market capitalization of a company with EV.
BTC is 36% away from Facebook, 57% from the entire silver market capitalization and 63% from Google. The best commodity on the list is, of course, gold with a market capitalization of $ 10 trillion. In terms of gold, BTC is at 6% and 28% of Apple’s gigantic market capitalization of $ 2.29 trillion.
Etherea’s appreciation is also not negligible, as it holds a capitalization of $ 258 billion at the time of writing. This puts him in 35th position over valuable companies such as Netflix, Verizon, Coca-Cola and Vanguard.
Tether (USDT) with a total capitalization of around $ 62 billion, Cardano (ADA) with $ 45.3 billion did not make it to the assetdash.com list, as Toronto Dominion Bank ranks 100th with a market valuation of $ 128 billion.
