Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away from turning over tech giant Google’s overall valuation and other valuable companies and commodities.
Bitcoin: The Ninth Most Valuable Asset in the World in Terms of Market Capitalization
Bitcoin is still the ninth most valuable asset in the world according to assetdash.com statistics, the market capitalization web portal for global assets. Three months ago, bitcoin (BTC) touched an all-time high (ATH) at $64,895 and the price is still more than 45% below that range.
The leading crypto asset also touched a low ten days ago at $28,600 per unit but managed to recover around 14% of the losses since then. Of course, at ATH bitcoin held a much higher position on assetdash.com’s list, outpacing companies like Facebook (Nasdaq: FB). On Saturday, bitcoin’s (BTC) market valuation jumped over Berkshire Hathaway (NYSE: BRK.A).
Valuation data as of Sat. June 3, 2021, at 7:30am
Bitcoin (BTC), with its $648 billion market valuation, is still among the top assets in the world above firms like JPMorgan Chase, Nvidia, Visa, Alibaba, and Taiwan Semiconductor Manufacturing Company (TSMC).
The market capitalization of bitcoin is double the size of valuations for companies like Toyota, Procter & Gamble, and Walt Disney Company. Bitcoin’s valuation is four times the size of businesses like Phillip Morris, the Royal Bank of Canada, Anheuser-Busch, and Citigroup.