Bitcoin Now 8th Most Valuable Asset In The World BTC Now Targets Silver’s $ 1.31 Million Market Cap – Bitcoin Planet Market News

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The price of bitcoin had crossed the $ 60,000 zone by 1:30 a.m. EST early Friday morning. The latest price hike for the main crypto asset caused the overall bitcoin market valuation of $ 1.119 trillion to exceed Facebook’s market cap. The digital asset is also approaching the total net worth of all the money in the world, as bitcoin is 17.3% above the global capitalization of the precious metal.

Bitcoin Exceeds Facebook’s Overall Value, Must Gain More Than 17.33% To Surpass Money

Bitcoin is currently the eighth most valuable asset in the world, just above the market cap valuation of the Facebook company. Today, statistics from the companiesmarketcap.com website show that BTC’s market cap is $ 1,119 billion, and Facebook’s market valuation is $ 926.27 billion. This is not the first time that bitcoin (BTC) has surpassed the total value of the social media company, as Bitcoin.com News reported that BTC became bigger than Facebook in the first week of January this year. year.

The companiesmarketcap.com web portal on Friday October 15, 2021. The screenshot was taken just before bitcoin again crossed the $ 60,000 zone at 10:15 am EST.

Interestingly, at that time, BTC was only changing hands for $ 41,462 per unit, while Facebook’s market cap was $ 758 billion. Today, the market caps of BTC and Facebook are higher and Facebook is valued at $ 926.27 billion. At the same time, in January 2021, BTC still had not overtaken Tesla, but today’s stock valuations show that BTC is two places ahead of the electric car maker. BTC is also ahead of Berkshire Hathaway (BRK-A) as the aggregate value of BRK-A shares is $ 636.97 billion on Friday.

The next asset that BTC must surpass is silver (Ag), as all the money in the world today is estimated at $ 1.313 trillion. BTC’s $ 1,119 trillion valuation must exceed 17.33% in order to exceed the overall net worth of the global silver supply. In addition to silver, gold (Au), Apple, Microsoft, Saudi Aramco, Alphabet (Google) and Amazon are also ahead of BTC. BTC still has a long way to go to overtake the first precious metal, Au, as it needs to earn over 905% just to surpass the global value of gold.

Bitcoin needs 112% earnings to beat Apple – If Bitcoin overtakes Apple, Satoshi will be the richest individual in the world

In order to beat the world’s second most valuable asset, Apple (AAPL), the leading crypto asset must exceed gains of over 112.3%. At this point, BTC would be the second most valuable asset in the world. In order for BTC to exceed AAPL’s overall market valuation, the crypto would need to be valued at $ 125,257 per unit. Of course, that $ 125,000 estimate is based on how many BTCs are in circulation today and by then more bitcoins will be issued, which means the $ 125,000 estimate would likely be lower.

With the current supply of 18,844,512 in circulation on Friday, to beat gold, each bitcoin would have to be worth $ 619,500. Another interesting fact is that if BTC ever surpasses Apple and comes close to the overall valuation of gold in the market, the unknown inventor of Bitcoin will be the richest person (or group) in the world.

What do you think of bitcoin as the eighth most valuable asset in the world and how crypto recently overtook social media giant Facebook? Let us know what you think of this topic in the comments section below.

Tags in this story aapl, Alphabet (Google), Amazon, Apple, Assets, Berkshire Hathaway, Bitcoin (BTC), Bitcoin and Gold, bitcoin silver, BTC, Crypto asset, Crypto Asset Markets, Facebook, or, or (Au), Market Update, Microsoft, Satoshi Nakamoto, Saudi Aramco

Image credits: Shutterstock, Pixabay, Wiki Commons, companiesmarketcap.com,

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