Gold rules but Bitcoin is closing fast on the world's tops assets list based on market cap. Six of the world's top ten assets are US-based corporations based on their stock valuations, primarily technology companies. The four others top assets included gold, as mentioned, along with silver, Bitcoin and a Saudi Arabian Oil Company.
Bitcoin is currently valued at $873.41B based on today's price of $46,184 as of around 4pm EST. Ethereum is the only other cryptocurrency in the top 100 coming in at number 18 with a total value of $453.17B ($3,810 value at the time of this writing). The third biggest crypto by market cap is BINANCE Coin (BNB) at $511M and well off the top 100 pace with Medtronic at $143.35B.
Worlds Top 20 Assets(ranked in US dollars)
1. Gold $11.524T
2. Apple $2.953T
3. Microsoft $2.467T
4. Alphabet (Google) $1.922T
5. Saudi Aramco $1.894T (price $1,894) Saudi Arabia
6. Amazon $1.696T
7. Silver $1.298T
8. Tesla $1.147T
9. Meta (Facebook) $935.79B
10. Bitcoin $873.41B
11. NVIDIA $723.00B
12. TSMC $695.03B
13. Berkshire Hathaway $690.35B
14. Tencent $554.47B
15. JPMorgan Chase $497.84B
16. Visa $485.82B
17. UnitedHealth $463.03B
18. Ethereum $453.17B
19. Johnson & Johnson $451.09B
20. Samsung $442.02B South Korea
How high can Bitcoin climb up this ladder? Well, when you consider there will be 21M total coins out there it all comes down to price. At the current level of 18,919,987 coins at $100K Bitcoins market cap moves into the top four at just over $1.89T. To surpass gold, however, Bitcoin will have to increase in value around 13.2 times with each coin valued at $609,629. Given its price history, that doesn't sound too farfetched. Also keep in mind that Bitcoin will grow by over two million more coins before supply is capped so there is room for growth there as well.
Consider that ten years ago you could have grabbed a Bitcoin for just over $6 and you know what an amazing growth path it has been on. Gold today is priced just over $1,800 per ounce while in 2012 gold peaked around, you guessed it, $1,800 per ounce.
What is also interesting is seeing how many new assets make up the top of this list. Bitcoin was started in 2009 and Ethereum in 2015. Tesla was founded in 2003 and a year later we had Facebook (Meta). So 30% of the top ten weren't even around at the beginning of this century. Amazon got its start in 1994 making Apple and Microsoft both seem like elder statesmen having been found way back in the 1970's.
Business and investment opportunities are always presenting themselves, you just need to know one when you see it. Crypto is a huge disrupter to the entire world economic landscape and as Matt Damon utters in the CRYPTO.COM commercial, "Fortune favors the brave".
It is such a great time to be involved in the crypto world and the development is so rapid we have no idea where NFT's, metaverses, and whatever comes next will lead. There will be many great opportunities to get on early with the next big thing, but will you have the foresight to take advantage?
Few will, but if you are part of PUBLISH0X and reading this article you are already part of the few who has a chance... Grab hold and enjoy the ride!
