According to market capitalization, Bitcoin is the most valuable digital asset, but in the past day, its price has dropped by 6.5%. In spite of this, it has increased by 9.6% week over week and has surpassed the market capitalization of the enormous payments company Visa. The market value of Bitcoin is still less than that of Meta (previously Facebook), which is $499.66 billion at the moment. Its market capitalization must rise by $30.06 billion in order to surpass Meta’s and move up to the position of the 11th largest asset in the world according to valuation. Gold, Apple, Microsoft, Saudi Aramco, silver, Alphabet (Google), Amazon, Berkshire Hathaway, Nvidia, and Tesla currently rank among the top ten assets by market valuation.
The market value of bitcoin is currently higher than that of silver, which as of Wednesday afternoon was worth $1.245 trillion. To surpass silver, bitcoin’s market valuation would need to increase by approximately $775.4 billion.
