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Bitcoin is now the eighth most valuable asset in the world – BTC now targets Silver $ 1.31T market cap – Market Update Bitcoin News


Bitcoin prices crossed the 60K zone at 1:30 (EST) on Friday morning. Bitcoin’s overall market value has jumped to সর্ব 1.119 trillion, surpassing Facebook’s market capitalization. Digital assets are close to the total assets of all silver in the world because Bitcoin is 17.3% away from the total capital of the precious metal.

Bitcoin surpasses Facebook’s overall value, gaining 17.33% more than silver

Bitcoin is currently the eighth-most valuable asset in the world, just above the market cap of corporate entity Facebook. Today, figures from the website companymarketcap.com indicate that BTC has a market cap of $ 1.119 trillion and Facebook has a market value of $ 926.27 billion. Bitcoin (BTC) is not the first time the social media company has surpassed its full value, as Bitcoin.com News reported that in the first week of January this year, BTC outperformed Facebook.

Bitcoin is now the eighth most valuable asset in the world - BTC now targets Silver's 1.31T market cap
Web portal companiesmarketcap.com on Friday, October 15, 2021

Interestingly, at the time, BTC was changing hands at just 41 41,462 per unit, while Facebook’s market cap was 75 758 billion. Today, the market cap of both BTC and Facebook is high and Facebook is valued at 6 926.27 billion. In addition, in January 2021, BTC still could not surpass Tesla, but today’s market assessment shows that BTC is two spots ahead of the electric car maker. BTC is even ahead of Berkshire Hathaway (BRK-A), as the total value of shares in BRK is 63 636.97 billion on Friday.

The next asset BTC will have to surpass is silver (AG) because today all the silver in the world is worth $ 1.313 trillion dollars. BTC’s 1. 1.119 trillion valuation needs to exceed 17.33% to exceed the overall net worth of global silver supplies. In addition to silver, Gold (Au), Apple, Microsoft, Saudi Aramco, Alphabet (Google), and Amazon are also ahead in BTC. BTC has a long way to go to surpass the top precious metal AU, as it must achieve more than 905% to surpass the global price of gold.

Bitcoin needs 112% profit to beat Apple If Bitcoin surpasses Apple Satoshi is the richest man in the world

In order to overtake Apple (AAPL), the second most valuable global asset, the top crypto-assets must surpass the profit of more than 112.3%. At that point, BTC will be the second most valuable asset globally. To surpass the overall market valuation of BTC AAPL, the price of crypto should be $ 125,257 per unit. Of course, that $ 125K estimate is based on the prevailing BTC numbers today and then more bitcoins will be issued which means the $ 125K estimate will probably be lower.

With the current supply of 18,844,512 BTC on Friday, to lose gold, the value of each bitcoin must be 19 619,500. Another interesting fact is that if BTC ever surpasses Apple and moves closer to the overall market valuation of gold, the unknown discoverer 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 recently crypto has surpassed the social media giant, Facebook? Let us know what you think about this 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, gold, gold (Au), Market Update, Microsoft , Satoshi Nakamoto, Saudi Aramco

Image credit: Shutterstock, Pixabay, WikiCommons, companiesmarketcap.com,

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