Bitcoin surpasses silver to become the eighth largest asset by market cap (2024)

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Bitcoin surpasses silver to become the eighth largest asset by market cap? ›

Bitcoin BTC +4.28% 's latest price rise has seen its market cap overtake that of silver, making it into the eighth largest asset in the world. Bitcoin now has a market cap of $1.4 trillion, while silver only has a market cap of $1.3 trillion, according to CompaniesMarketCap data.

Bitcoin reached an all-time high valuation of over $72,000 on March 11, leading to a market cap of $1.42 trillion, which has now placed it ahead of Silver as the world's eighth most valuable asset.

Bitcoin continues to rise in the ranks of top assets by market cap, pushing past silver to become the world's eighth most valuable property.

"The market capitalization of BTC has now reached $1.414 trillion, exceeding that of silver, which stands at $1.38 trillion. This positive momentum is attributed to the increasing interest in Bitcoin spot ETFs and the impending Bitcoin halving event," said Edul Patel, CEO of Mudrex.

What Is the Most Valuable Asset by Market Cap? The answer to what asset has the highest market cap actually isn't a company: Gold has the highest market cap in the world. The market cap of gold is a dazzling $12.732 trillion! Why is gold worth so much?

The top 10 most valuable assets in the world by market capitalization are 1. Gold ($14.5 trillion) 2.

Gold is bigger in market cap compared to any one company and despite Bitcoin's exponential growth in recent years, it still lags behind gold in terms of market capitalization. However, the traditional world is changing and Bitcoin's potential to challenge gold's dominance cannot be underestimated.

Ethereum was one of the first altcoins, or alternatives to bitcoin. Ethereum was launched in July 2015 and is the most valuable crypto other than bitcoin.

If you're looking for an asset that you can quickly move in and out of without losing value in a short time (like Bitcoin can), gold might be a better option. However, stablecoins like Tether (USDT) maintain their value over short periods because fiat currency and other cash-like instruments are held in reserve.

Backing a currency is done by the currency's issuer to ensure its value. Bitcoin, gold, and fiat currencies are not backed by any other asset. Bitcoin has value despite no backing because it has properties of sound money.

Can I buy silver with Bitcoin? ›

Using crypto to buy gold, silver and rare coins is easy with BitPay. at checkout, select BitPay as your payment method. Then simply complete the transaction like you would any other method of payment. Even if your favorite metals dealer doesn't directly accept crypto yet, you can still use crypto.

What is the all time high of Bitcoin? The all-time high of Bitcoin is $73,780.07. This all-time high is highest price paid for Bitcoin since it was launched.

Real estate investment has long been a cornerstone of financial success, with approximately 90% of millionaires attributing their wealth in part to real estate holdings. In this article, we delve into the reasons why real estate is a preferred vehicle for creating millionaires and how you can leverage its potential.

The Government Pension Investment Fund of Japan remains the largest asset owner in the world, with an AUM of US$1.4 trillion alone. The top three also includes the two largest sovereign wealth funds.

U.S. Treasury securities are considered to be about the safest investments on earth. That's because they are backed by the full faith and credit of the U.S. government. Government bonds offer fixed terms and fixed interest rates.

Generally, you should consider five broad asset classes when constructing your investment portfolio: cash, fixed-principal investments, debt, equity, and tangibles. Cash refers to the most liquid holdings in your portfolio.

Historically, the three main asset classes have been equities (stocks), fixed income (bonds), and cash equivalent or money market instruments. Currently, most investment professionals include real estate, commodities, futures, other financial derivatives, and even cryptocurrencies in the asset class mix.

Bitcoin moves to the 9th position among global assets

Bitcoin's meteoric rise to prominence has now culminated in a groundbreaking achievement. Additionally, it secured the 9th position among the world's most colossal assets. Furthermore, this showcases a staggering market capitalization exceeding $1.322 trillion.

Real estate is the world's biggest asset class, with a projected value of $613.60 trillion in 2023.