Despite the recession, Bitcoin has the ninth largest market capitalization in the world
Despite the drop in prices over the past 3 months, Bitcoin is still the 9th most valuable asset in the world in terms of market capitalization. Additionally, Bitcoin could plunge some of its most valuable assets in the future as it is 67% off the overall rating of tech giant Google, as well as other valuable businesses and goods.
Bitcoin is the second most valuable commodity 9 in the world in terms of market capitalization
Bitcoin remains the ninth most valuable asset in the world, according to Assetdash.com, the market capitalization portal for global assets. Three months ago, BTC hit an all-time high (ATH) of $ 64,895, and the price is now 47% below that range.
The crypto king also hit a low of USD 28,600 10 days ago, but has since recovered by around 14%. Of course, Bitcoin has a much higher position on Assetdash.com’s list with ATH, outperforming companies like Facebook. To date, Berkshire Hathaway’s market valuation of BTC has skyrocketed.
Evaluation data Top assets | Source: assetdash.com
Bitcoin, with a market capitalization of $ 649.7 billion, remains one of the top assets in the world alongside companies like JPMorgan Chase, Nvidia, Visa, Alibaba, and Taiwan Semiconductor Manufacturing Company (TSMC).
Bitcoin’s market capitalization is twice that of companies like Toyota, Procter & Gamble, and Walt Disney Company. Bitcoin’s valuation is four times that of companies like Phillip Morris, Royal Bank of Canada, Anheuser-Busch, and Citigroup.
relationship Percent of Bitcoin against other assets and Locations ether
The creators of assetdash.com have also developed another page called “BTC Flippening” which illustrates how far BTC needs to grow in order to outperform the other 9 top valued assets. Bitcoin, for example, is very close to Tesla as it is only about 1% away from outperforming the electric car maker’s rating.
BTC is 36% away from Facebook, 57% Silver, and 67% from Google. Topping the list, of course, is gold, with a market value of $ 10 trillion, but BTC only accounts for 6% of that number. Additionally, BTC’s capitalization is currently only 28% of Apple’s massive market cap of $ 2.29 trillion.
Ethereum’s valuation isn’t bad either, as it has a market cap of $ 260 billion at press time. Accordingly, the value of ETH ranks 35th, higher than valuable companies like Netflix, Verizon, Coca-Cola and Vanguard.
The third largest cryptocurrency valuation belongs to USDT with a total capitalization of around $ 62.4 billion while ADA has $ 45.5 billion. Neither USDT nor ADA made it onto Assetdash.com’s list as the 100th place is held by Toronto Dominion Bank with a market valuation of $ 128 billion.
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