2024-11-12
Bitcoin's market cap has surpassed
silver's, this makes Bitcoin the world's 8th largest asset when Bitcoin's
price surged to an all-time high of $89,517. The surge in Bitcoin's value
was driven by strong institutional interest and ETF inflows, especially
following Donald Trump's recent election win.
companiesmarketcap.com/assets-by-market-cap
As of November 11, 2024, Bitcoin's
market capitalization reached $1.74 trillion, surpassing silver's
market cap of $1.73 trillion and becoming the world's eight most valuable
asset.
This milestone was achieved when
Bitcoin's price surged to an all-time high of $89,517.
Bitcoin price growth reflects the
increasing acceptance and adoption of Bitcoin by both retail and institutional
investors.
The launch of spot Bitcoin
exchange-traded funds (ETFs) has played a pivotal role in this development,
attracting substantial capital inflows into the cryptocurrency market.
Some enthusiasts even speculated about
Bitcoin potentially challenging gold, the world's most valuable asset with a
market cap of about $17.6 trillion.
