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- Presently, Bitcoin stands as the 8th most valuable asset in the world, barely ahead of the market capitalization of the corporate group of businesses like, facebook
- Bitcoin has even left behind Berkshire Hathaway, which has a market capitalization value of over $636.97
- If it ever happens that BTC gains the power of surpassing gold, then the creator of Bitcoin might as well become the richest person in the world
Presently, Bitcoin stands as the 8th most valuable asset in the world, barely ahead of the market capitalization of the corporate group of businesses like, facebook. According to coinmarketcap data, the market capitalization value of Bitcoin is $1.119 trillion. It is not the very first outperformance of BTC, instead it has surprised us several times. According to the recent news, bitcoin has even outperformed Facebook in the race, making it a huge achievement.
A significant factor is that bitcoin was just at a mark of $41,462, when this happened, on the other hand Facebook had reached a valuation of $758 billions. The total market cap of BTC and Facebook are greater, and there is this news that BTC might even cross Tesla in the race, very soon in all aspects, as at present it is leading two positions ahead of Tesla. Bitcoin has even left behind Berkshire Hathaway, which has a market capitalization value of over $636.97. The next goal of BTC must be to surpass the capitalization of Silver, which has a present worth of $1.313 trillion. There must be at least a 17.33 percent rise in the present BTC trading value, if it wishes to surpass the price of silver.
Also Read: JACK DORSEY PROPOSES TO ENTER BITCOIN MINING SPACE
The competitive players along with silver and gold are Alphabet, Apple, Saudi Aramco, Microsoft, etc, who hold a very strong rivalry with BTC in the market capitalization race. However, BTC is way down in the list compared to gold. Apple, which holds its position as the second most valuable asset in the list might get overpowered if such a performance continues for BTC. In order to take over Apple, the value achieved by BTC should be near about $125.257 per unit. But however, that’s a long story, but no one is certain about what the future holds. If new bitcoins are created soon, it might even surpass Apple and then Gold, but the numbers must be large if it competes with these. So, if it ever happens that BTC gains the power of surpassing gold, then the creator of Bitcoin might as well become the richest person in the world.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
