Since the very beginning of its launch in 2009, bitcoin has repeatedly demonstrated its viability. Over the years of its existence, it has been able to displace many traditional currencies. The capitalization rating shows that bitcoin ranks fourteenth among the largest currencies, overtaking such as the ruble. Among bitcoin's competitors is, for example, the Swiss franc.
Interest in bitcoin was aroused by the news that its market capitalization exceeded the capitalization of the ruble. This prompted jokes that Vladimir Putin could be Satoshi Nakamoto, the anonymous creator of bitcoin. Previously, this role was attributed to many people, including cryptographer Nick Szabo and American businessman Elon Musk.
Ethereum is in the twenty-eighth place in the capitalization rating. Its result is better than that of the Chilean peso, but inferior to the Turkish lira.
Bitcoin ranks tenth in the overall ranking of the most capitalized assets and companies. He overtook Berkshire Hathaway, a company owned by the well-known critic of cryptocurrencies, billionaire Warren Buffett, but did not reach Meta, recognized as extremist in the Russian Federation. The top 3 places were taken by gold, Microsoft and Apple.
It is also worth noting that the capitalization of bitcoin ($1.2 trillion) exceeds the GDP of many countries, such as Saudi Arabia ($1.108 trillion) and Indonesia ($1.319 trillion), which occupy respectively 17th and 16th places in the GDP ranking.
