Coinspeaker
Bitcoin Market Cap Overtakes Silver, Eyes Gold’s Crown
Bitcoin’s (BTC) recent rise to over $71,000 has propelled it to become the eighth-largest asset in the world by market cap, surpassing silver. This rise marks a key milestone for the cryptocurrency, underlining its growing influence and acceptance within traditional financial markets.
Bitcoin Market Cap Jumps in the Financial Hierarchy
According to data from CompaniesMarketCap, Bitcoin’s market cap now stands at an impressive $1.4 trillion, outpacing silver’s $1.3 trillion. While Bitcoin still trails behind Alphabet Inc (NASDAQ: GOOGL) with a market cap of $1.6 trillion, industry experts foresee a future where the cryptocurrency may even challenge the dominance of gold, the current largest asset globally valued at $14.66 trillion.
Galaxy Digital CEO Mike Novogratz has been vocal about his belief in the potential of Bitcoin market cap to surpass gold as the preferred store of wealth. Despite the disp
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