Bitcoin's market value reached $1.75 trillion on Monday evening, surpassing silver.
With this rise, Bitcoin has become the eighth largest asset class in the world.
BTC has surged by a staggering 27% in the past week amid strong institutional demand and continued interest in spot Bitcoin ETFs in recent weeks.
If Bitcoin continues its rise and its price reaches a new ATH above $90,000 soon, it will also overtake the world’s largest oil giant, Saudi Aramco.
Bitcoin could overtake the world’s largest oil giant, Saudi Aramco, with just a 3% gain from current levels, according to Companiesmarketcap data.
According to the data, the most valuable asset by market value is gold, followed by NVIDIA, Apple, Microsoft, Google, Amazon and Saudi Aramco.
In the ranking of the best assets by market value, Bitcoin rose to 8th place, silver ranked 9th, Meta (Facebook) ranked 10th and Tesla ranked 11th.
According to the data, experts said that although the market value of gold is 10 times larger than Bitcoin, Bitcoin continues to attract investors due to its limited supply and features such as being a value preservation tool against inflation.
Analysts at financial platform The Kobessi Letter compared the market value of Bitcoin and gold, writing that “it's incredible that the gold price is still 10 times bigger than Bitcoin. This shows not only how big gold is, but also how big Bitcoin can be.”
*This is not investment advice.
