Bitcoin is now the 8th most valuable asset in the world – BTC now targets silver’s market cap of $1.31T – Market Updates

Bitcoin price had crossed the $60,000 zone early Friday morning at 1:30 a.m. (EST). The leading crypto asset's recent price jump has seen Bitcoin's total market valuation of $1.119 trillion surpass Facebook's market capitalization. The digital asset is also approaching the total net value of all silver in the world, as Bitcoin is 17.3% away from surpassing the precious metal's total capitalization.

Bitcoin surpasses Facebook's total value, needs to gain more than 17.33% to surpass silver

Bitcoin is currently the eighth most valuable asset in the world, just above the market valuation of the Facebook unit's market capitalization. Today statistics from the website companymarketcap.com point out that BTC Facebook's market capitalization is $1.119 trillion and Facebook's market valuation is $926.27 billion. It's not the first time Bitcoin ( BTC ) surpassed the social media company's entire value, Bitcoin.com News reported BTC grew larger than Facebook in the first week of January this year.

Interestingly, back then BTC only changed hands for $41,462 per unit, while Facebook's market cap was $758 billion. Both today BTC 's and Facebook's market caps are higher and Facebook is valued at $926.27 billion. In addition, in January 2021 BTC Tesla had yet to outperform, but today's market valuations show BTC is two places ahead of the electric car manufacturer. BTC is also ahead of Berkshire Hathaway (BRK-A) as the total value of BRK-A shares is $636.97 billion as of Friday.

The next asset BTC to be surpassed is silver (Ag), as all silver in the world is now valued at $1.313 trillion. BTC The $1.119 trillion valuation must exceed 17.33% to exceed the total net value of the world's silver supply. In addition to silver, there are Gold (Au), Apple, Microsoft, Saudi Aramco, Alphabet (Google) and Amazon BTC as well as. BTC has a long way to go to surpass the top precious metal Au as it needs to gain more than 905% just to surpass the global value of gold.

Bitcoin needs 112% gain to beat Apple—If Bitcoin surpasses Apple, Satoshi will be the richest individual in the world

To beat the second most valuable global asset, Apple (AAPL), the leading crypto asset needs to surpass gains of more than 112.3%. At this point, BTC would be the second most valuable commodity in the world. With it BTC To surpass AAPL’s overall market valuation, the cryptocurrency would need to be valued at $125,257 per unit. Of course, this $125,000 estimate is based on the number of BTC in circulation today and more Bitcoins will be issued by then, meaning the $125,000 estimate would likely be lower.

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

What do you think about Bitcoin as the eighth most valuable asset in the world and how the crypto recently overtook social media giant Facebook? Let us know your thoughts on this topic in the comments below.

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