In recent developments, Bitcoin has assumed the 9th place in the world’s largest assets by market capitalization, overtaking Meta Platforms. Significantly, Bitcoin’s elevation over Meta was largely facilitated by media rallies that heralded Donald Trump’s (pro-Bitcoin candidate) win in the recent US presidential elections.
Accordingly, Companies Market Cap reveals metrics that place Bitcoin’s ($BTC) value at nearly $76,000 with a market capitalization of $1.5 trillion in 9th position on the list of global top assets by market cap.
Following in 10th is Meta Platforms ($META) at $590 with a market capitalization of $1.491 trillion. Currently, both assets are bullish as their prices pump due to the present favourable investor sentiment.
Source: Companies Market Cap
Interestingly, this occurrence is not novel since Bitcoin surpassed Meta in March 2024 when it recorded an all-time high of over $73,000. Subsequently, Facebook’s Meta Platforms came in 9th place later till Bitcoin’s latest surge pushed Meta down to 10th place again by market cap.
Could Bitcoin Overtake Other Top Assets Like Meta?
Just ahead of $BTC at the 8th position is Silver with a $1.79 trillion market cap. Going up, there’s Saudi Aramco, Google’s Alphabet ($GOOG), Amazon ($AMZN) and Microsoft ($MSFT), in that order.
Crowning this list of the top global assets by market cap (public companies, crypto, ETFs and precious metals) is Gold, with a market cap of over $18.1 trillion. Nvidia ($NVDA) comes in second place and Apple ($AAPL) in third place with market caps of $3.6 trillion and $3.4 trillion, respectively.
As BTC continues to spike this season with investors’ positive outlook, speculations arise that its value will increase and surpass other top assets by market cap.
Certainly, $BTC has grown over the years since its inception, with a worthy position among the world’s top assets by market cap.