In 2022, Bitcoin (BTC) is experiencing ever-growing selling pressure. But despite the capital outflow from the Bitcoin market, the market cap of the world’s number one digital asset still surpasses the stocks of leading companies.
In particular, as of October 18, Bitcoin had a total market capitalization of $374 billion. This makes the number one cryptocurrency Bitcoin the 14th most marketable asset in the world.
Additionally, Bitcoin’s market cap ranks higher than Walmart’s $363 billion market cap, according to the company’s Market Cap data.
Moreover, the market cap of Bitcoin is higher than social media giants Meta and JPMorgan, which have total market caps of $360 billion and $349 billion respectively. At the same time, there are proponents of Bitcoin as a replacement for digital gold. but in reality Crypto is far from the market capitalization of the golden precious metal. which ranks first with a market capitalization of $10.9 trillion.
Bitcoin is also volatile.
It is worth noting that Bitcoin has more market capitalization than many of the world’s leading companies. Even though it’s only been around for 10 years, during the same time, Bitcoin could rank even higher.
Indeed, Bitcoin’s valuation has dropped from above $1 trillion in late 2021. The valuation has pushed Bitcoin to the top ten of the world’s most valuable assets.
And despite the current Bitcoin price volatility But in terms of price, the coin is still stable. with a trading value of about $20,000. However, both The crypto market is not in a good time. due to high inflation This was a result of the Fed’s interest rate hike.