{"id":18756,"date":"2023-03-15T20:00:28","date_gmt":"2023-03-15T20:00:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-becomes-12th-largest-asset-worldwide-by-valuation-surpassing-visa-market-updates-bitcoin-news\/"},"modified":"2023-03-15T20:00:28","modified_gmt":"2023-03-15T20:00:28","slug":"bitcoin-becomes-12th-largest-asset-worldwide-by-valuation-surpassing-visa-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-becomes-12th-largest-asset-worldwide-by-valuation-surpassing-visa-market-updates-bitcoin-news\/","title":{"rendered":"Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, bitcoin is the 12th largest asset worldwide by valuation.<\/strong><\/p>\n

Bitcoin\u2019s Market Capitalization Compared to Other Top Assets: Leading Crypto Climbs Above Visa, But Lags Behind Meta<\/h2>\n

Crypto assets, specifically bitcoin (BTC)<\/a>, have increased in value this week following the collapse of three major U.S. banks. Over the past 24 hours, bitcoin (BTC)<\/a> has dropped 6.5% against the U.S. dollar. However, weekly metrics indicate that BTC<\/a> is up 9.6% week over week. Most of BTC<\/a>\u2019s increase occurred on March 14, when it jumped above the $26K zone to precisely $26,533 at around 9 a.m. (ET) on Tuesday. As of 2:35 p.m. on March 15, bitcoin is exchanging hands for $24,357 per unit.<\/p>\n

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Despite the decrease in value against the U.S. dollar, bitcoin<\/a> has become the 12th largest valuation in the world, surpassing the market capitalization of payments giant Visa. On Wednesday afternoon, BTC<\/a> had a market valuation of $469.60 billion, which is $18.31 billion more than Visa\u2019s. However, the crypto asset\u2019s market valuation is still below that of Meta<\/a> (formerly Facebook), which is currently at $499.66 billion. For bitcoin to become the 11th largest asset by valuation in the world, its market capitalization needs to increase by $30.06 billion, surpassing that of Meta.<\/p>\n

Currently, the top ten assets by market valuation include gold<\/a>, Apple, Microsoft, Saudi Aramco, silver, Alphabet (Google), Amazon, Berkshire Hathaway, Nvidia, and Tesla. Gold<\/a>, the leader of the group, has a market capitalization of around $12.81 trillion. While BTC<\/a> represents 42.7% of the crypto economy\u2019s $1.1 trillion in value, it only accounts for 3.67% of gold\u2019s overall market valuation. Bitcoin\u2019s market valuation would need to increase by approximately $12.34 trillion to surpass gold\u2019s market capitalization. However, bitcoin\u2019s market valuation is currently closer to silver, which is valued at $1.245 trillion as of Wednesday afternoon.<\/p>\n

Therefore, as of today, bitcoin\u2019s market capitalization is approximately 37.7% of silver\u2019s market valuation. To surpass silver\u2019s market capitalization, bitcoin\u2019s market valuation would need to increase by approximately $775.4 billion. In October 2021, BTC<\/a>\u2019s market capitalization ran up against silver\u2019s overall valuation, but at that time, silver\u2019s capitalization was $1.31 trillion. Regarding contending with tech giant Apple\u2019s net worth, BTC<\/a>\u2019s market valuation accounts for 19.69% of Apple\u2019s. For bitcoin to exceed the California tech giant\u2019s net worth, it would need to increase its market valuation by another $1.917 trillion.<\/p>\n

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12th largest<\/a>, aapl<\/a>, Alphabet<\/a>, Alphabet (Google)<\/a>, Amazon<\/a>, Apple<\/a>, Assets<\/a>, Berkshire Hathaway<\/a>, Bitcoin<\/a>, Bitcoin (BTC)<\/a>, Bitcoin and Gold<\/a>, bitcoin silver<\/a>, BTC<\/a>, Crypto asset<\/a>, Crypto Asset Markets<\/a>, Cryptocurrency<\/a>, Digital Assets<\/a>, Facebook<\/a>, Finance<\/a>, Global Economy<\/a>, gold<\/a>, gold (Au)<\/a>, Google<\/a>, investment<\/a>, Market Capitalization<\/a>, Market Update<\/a>, Market Valuation<\/a>, market value<\/a>, Meta<\/a>, Microsoft<\/a>, Nvidia<\/a>, payment systems<\/a>, Satoshi Nakamoto<\/a>, Saudi Aramco<\/a>, silver<\/a>, Stock Market<\/a>, technology<\/a>, Tesla<\/a>, trading<\/a>, U.S banks<\/a>, USD<\/a>, valuation<\/a>, VISA<\/a>, worldwide assets<\/a><\/div>\n<\/div>\n

What do you think about bitcoin\u2019s seven day market performance and the crypto asset becoming the 12th largest asset by market cap worldwide? Share your thoughts about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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