Bitcoin Ranks Top 10 as World’s Largest Asset by Market Cap

Bitcoin is currently ranked tenth among the greatest assets in the world in terms of market capitalization, surpassing even Tesla and Visa.

The cryptocurrency with the largest market capitalization, Bitcoin, has demonstrated its position in the financial market by moving up the ladder to become one of the top assets in the world.

The Market Cap of Bitcoin Approaches $1T

Bitcoin is ranked tenth among the largest assets, according to an extensive list that includes public corporations, precious metals, cryptocurrencies, and ETFs. It was only preceded by gold, silver, and a handful of leading technology corporations, including Amazon, Microsoft, and Apple. 

In this ranking, Bitcoin has surpassed Elon Musk’s Tesla, payments colossus Visa, and banking behemoth JPMorgan. At the moment, Bitcoin is valued at $48,179 and has a market capitalization of nearly $1 trillion.

This represents its significant milestone. The market capitalizations of JPMorgan, Bitcoin, Tesla, and Visa are $503.45 billion, $947.07 billion, and $616.47 billion, respectively. 

Gold occupies the foremost position in terms of market capitalization, amounting to $13.6 trillion. Notably, the market value of gold decreased by 0.45% overnight and is now approximately USD 2,039.

Positive sentiment has been observed in Bitcoin over the past few days, indicative of a potential bull run. Furthermore, analysts and market observers are optimistic that the coin may reach a new peak during this ongoing rally. 

Extensive Predictions BTC Price Predictions

Recently, CryptoQuant CEO Ki Young Ju expressed a bullish outlook on the Bitcoin price on X. He even predicted a 160% increase in the value of Bitcoin, stating that it would reach $112,000 this year or a minimum of $55,000.

Young Ju’s outlook is influenced by the substantial inflows that have flooded the spot Bitcoin ETF market over the past month. Despite considerable Grayscale outflows, the ecosystem has recorded inflows of up to $9.5 billion thus far.

Similarly, esteemed cryptocurrency analyst Stockmoney Lizards speculated that the floor price of Bitcoin might have been established at $40,000. His declaration was influenced by patterns he had observed, such as the well-known Bitcoin halving event. The halving of Bitcoin, according to Lizards, has invariably preceded a bull run. 

The subsequent halving event is anticipated to transpire in April, based on historical patterns; consequently, investors may wish to predict the trajectory of Bitcoin after the halving event. The previous price fluctuation was said to be a pre-halving downside, which may now be overseeing the coin’s performance better than before.