Bitcoin (BTC) has once again surged to $50,000 on February 12th, resulting in a market capitalization value of $981.86 billion. This puts Bitcoin back in the top 10 list of the most valuable assets by market capitalization, when compared to stocks of the world’s most valuable companies and precious metals.
According to a recent report by Cointelegraph, Bitcoin reached $50,000 again for the first time since December 2021, driven by investor excitement over Bitcoin exchange-traded funds and the upcoming ‘halvening’ event. If this bullish trend continues, Bitcoin could climb further up the market capitalization charts. Its previous all-time high resulted in a market cap of $1.28 trillion, with each bitcoin priced at $67,617.02.
At the time of writing, BTC is comfortably holding the 10th position, with Meta (previously known as Facebook) ahead by approximately $235 billion, with a value of $1.214 trillion. While it is unlikely for BTC to close this gap in one go, the current 24-hour trend shows Meta up by 1.73% and Bitcoin up by 3.22%.
If Bitcoin manages to surpass Meta, the next targets would be silver ($1.28 trillion), followed by Amazon, Nvidia, and Alphabet (all around $1.8 trillion). After that, the path is relatively clear until the $2 trillion mark, where Bitcoin would need to reach around $100,000 per coin to compete with Saudi Aramco, Microsoft, and Apple.
Once these milestones are achieved, the only obstacle standing between BTC and the top spot is gold. However, with a total market capitalization of $13.65 trillion, gold represents the Mount Everest of asset hurdles to overcome.
Meanwhile, Ethereum (ETH) has seen a 3.45% increase in value at the time of writing. With a current market cap of $313.54 billion, Ethereum holds the 34th position, surpassing Nestle ($294.8 billion) and Toyota ($307.81 billion). These are the only cryptocurrencies featured in the top 100.
Some analysts speculate that Ethereum may continue its upward momentum alongside Bitcoin, which could potentially position it to challenge big tech companies like Tencent and Samsung, both valued at less than $400 billion.
It is important to note that this article does not provide investment advice or recommendations. Every investment and trading decision carries risks, and readers should conduct their own research before making any decisions.