Bitcoin has reached a new milestone, surpassing Alphabet in market cap and ranking sixth among the world's most valuable assets.
Bitcoin and Alphabet's Market Cap
Bitcoin's market cap currently stands at $2.128 trillion, compared to Alphabet’s market cap of $2.110 trillion. Each Bitcoin is priced at $107,052, while Alphabet’s shares were trading at $174.43.
Global Asset Rankings
At this moment, Bitcoin ranks sixth among the most valuable companies. It follows behind gold ($22.087 trillion), NVIDIA ($3.780 trillion), Microsoft ($3.697 trillion), Apple ($3.002 trillion), and Amazon ($2.305 trillion). Other significant assets include silver ($2.037 trillion), Meta Platforms ($1.825 trillion), and Saudi Aramco ($1.567 trillion).
Growing Interest in Bitcoin
In light of this achievement, the cryptocurrency community is actively discussing Bitcoin’s future. The surge in interest for Bitcoin is attributed to the growing trust in decentralized finance and its serious consideration by large companies and investors adding Bitcoin to their portfolios. For Bitcoin to surpass the entire crypto market, its price would need to exceed $165,990.
Bitcoin's achievement as the sixth-most valuable asset underscores its significance in the global economy. With increasing interest and confidence in cryptocurrencies, Bitcoin continues to solidify its position in the financial market.
