{"id":13232,"date":"2021-10-15T15:54:02","date_gmt":"2021-10-15T15:54:02","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/bitcoin-is-now-worlds-8th-most-valuable-asset-btc-now-targets-silvers-1-31t-market-cap\/"},"modified":"2021-10-15T15:54:02","modified_gmt":"2021-10-15T15:54:02","slug":"bitcoin-is-now-worlds-8th-most-valuable-asset-btc-now-targets-silvers-1-31t-market-cap","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/bitcoin-is-now-worlds-8th-most-valuable-asset-btc-now-targets-silvers-1-31t-market-cap\/","title":{"rendered":"Bitcoin Is Now World\u2019s 8th Most Valuable Asset \u2014 BTC Now Targets Silver\u2019s $1.31T Market Cap"},"content":{"rendered":"

The price of bitcoin had crossed the $60K zone at 1:30 a.m. (EST) early Friday morning. The leading crypto asset\u2019s latest price jump has made it so bitcoin\u2019s overall market valuation of $1.119 trillion has surpassed Facebook\u2019s market capitalization. The digital asset is also nearing the entire net worth of all the silver in the world as bitcoin is 17.3% away from surpassing the precious metal\u2019s overall capitalization.<\/strong><\/p>\n

Bitcoin Surpasses Facebook\u2019s Overall Worth, Needs to Gain More Than 17.33% to Exceed Silver<\/h2>\n

Bitcoin is currently the eighth-most valuable asset in the world just above the market valuation of the corporate entity Facebook\u2019s market cap. Today, statistics from the website companiesmarketcap.com<\/a> indicate that BTC<\/a>\u2019s market cap is $1.119 trillion and Facebook\u2019s market valuation is $926.27 billion. It\u2019s not the first time bitcoin (BTC<\/a>) surpassed the social media company\u2019s entire value, as Bitcoin.com News reported that BTC<\/a> grew larger than Facebook during the first week of January this year.<\/p>\n

Interestingly, at that time, BTC<\/a> was only changing hands for $41,462 per unit while Facebook\u2019s market cap was $758 billion. Today, both BTC<\/a>\u2019s and Facebook\u2019s market caps are higher and Facebook is valued at $926.27 billion. Alongside this, in January 2021, BTC<\/a> still had yet to surpass Tesla, but today\u2019s market valuations show BTC<\/a> is two spots ahead of the electric car manufacturer. BTC<\/a> is also ahead of Berkshire Hathaway (BRK-A) as the overall worth of BRK-A shares is $636.97 billion on Friday.<\/p>\n

The next asset BTC<\/a> needs to surpass is silver (Ag) as all the silver in the world today is estimated to be worth $1.313 trillion. BTC<\/a>\u2019s $1.119 trillion valuation needs to exceed 17.33% in order to get past the overall net worth of the global silver supply. In addition to silver, gold (Au), Apple, Microsoft, Saudi Aramco, Alphabet (Google), and Amazon are ahead of BTC<\/a> as well. BTC<\/a> has a long way to go to outpace the top precious metal, Au, as it must gain more than 905% just to outperform gold\u2019s global worth.<\/p>\n

Bitcoin Needs 112% Gains to Beat Apple \u2014<\/span> If Bitcoin Surpasses Apple Satoshi Will Be the World\u2019s Wealthiest Individual<\/h2>\n

In order to beat the second most valuable global asset, Apple (AAPL), the leading crypto-asset must exceed gains of more than 112.3%. At that point, BTC<\/a> would be the second-most valuable asset worldwide. In order for BTC<\/a> to overtake AAPL\u2019s overall market valuation, the crypto would need to be valued at $125,257 per unit. Of course, that $125K estimate is based on the number of BTC<\/a> in circulation today and by then more bitcoins will be issued which means the $125K estimate would likely be lower.<\/p>\n

With Friday\u2019s current 18,844,512 circulating supply of BTC<\/a> in existence, in order to beat gold, each bitcoin would have to be worth $619,500. Another interesting fact is that if BTC<\/a> ever surpasses Apple and comes close to the overall market valuation of gold, Bitcoin\u2019s unknown inventor will be the world\u2019s richest person (or group).<\/p>\n

What do you think about bitcoin as the world\u2019s eighth most valuable asset and how the crypto recently surpassed social media giant, Facebook? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarket Updates, aapl, Alphabet (Google), Amazon, Apple, Assets, Berkshire Hathaway, Bitcoin (BTC), Bitcoin and Gold, bitcoin silver, BTC, Crypto asset, Crypto Asset Markets, Facebook, gold, gold (Au), Market Update, Microsoft, Satoshi Nakamoto, Saudi Aramco<\/p>\n","protected":false},"excerpt":{"rendered":"

The price of bitcoin had crossed the $60K zone at 1:30 a.m. (EST) early Friday morning. The leading crypto asset\u2019s latest price jump has made it so bitcoin\u2019s overall market valuation of $1.119 trillion has surpassed Facebook\u2019s market capitalization. The digital asset is also nearing the entire net worth of all the silver in the…<\/p>\n","protected":false},"author":0,"featured_media":13233,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13232"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13232"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13233"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}