Bitcoin moves past Facebook with a higher market capitalisation in the list of most valued companies

Advertisement
Bitcoin moves past Facebook with a higher market capitalisation in the list of most valued companies
Unsplash
  • Bitcoin has a market capitalization at $929,014,620,160.
  • In the last year, Bitcoin have risen by 360% in asset values.
  • Bitcoins has surpassed Facebook to sit at the 6th position in the list of most valued assets in the world.
The name that popularised cryptocurrency, Bitcoins or BTC, has moved ahead of Facebook in market capitalization with a value of over $929,014,620,160. According to Asset Dash, Bitcoins displaced Facebook to sit at the number 6 position in a list of most valuable assets led by Apple.

The value of Bitcoins has fallen in 2021, however, the market capitalisation of the asset has been on the rise. In the last year, Bitcoin rose by 360% in asset values while Facebook only went up by 22%. This comparison of assets is between that of Facebook, the publicly traded company, and Bitcoin, which is a monetary asset and distributed network.

In the 2010s, Bitcoins finished as the best performing asset and as per BitcoinMagazine, it has the potential to be the best-performing asset of this decade as well. As per the report, the value of Bitcoin is expected to grow exponentially in the fourth quarter (Q4) of 2021, starting in October.
Bitcoin moves past Facebook with a higher market capitalisation in the list of most valued companies
Bitcoin Magazine
As per the graph shown in the report, Bitcoin has generally performed better in the last quarter (Q4) of the last few years. The value of Bitcoins saw positive growth and began rising to start from Q4, last year. There was a 168.78% increase in quarterly returns in Q4, 2020, while in 2017, it was 210.13%. In 2016 and 2015, the quarterly returns of the fourth quarter were 62.6% and 82.84%, respectively.
Advertisement

Bitcoin moves past Facebook with a higher market capitalisation in the list of most valued companies
Bitcoin Magazine
Anything could happen in this final quarter of 2021 as we have seen with its rise in the market capitalization. The list features some of the top stocks in the top five of the Asset Dash list. Ahead of Bitcoin are Amazon, Google, Saudi Aramco, Microsoft with Apple capping off the list.

While it’s a long way behind Amazon’s market capitalization of $1.631 Trillion, Bitcoins would look to march forward in this list of most valuable assets in the world.

SEE ALSO:
A bill proposed by a Republican lawmaker would give crypto developers legal protection to raise money through token sales
Advertisement
Bitcoin's short-term momentum turns positive as latest rally bucks equity sell-off, according to Fairlead Strategies
Billionaire Mark Cuban says not many people like to pay in bitcoin because it's an appreciable asset, unlike dogecoin
{{}}