Bitcoin is now worth half of all silver in the world

2021-1-10 23:00

With a market cap of almost $780 billion, Bitcoin is currently worth half of all the silver that has ever been mined. According to data from Infinite Market Cap, Bitcoin has also surpassed tech giants Facebook, Tencent, and Alibaba in terms of market cap, as well as Warren Buffett’s Berkshire Hathaway.

Facebook, Tencent, Alibaba dethroned by rallying Bitcoin

Bitcoin’s latest rally has pushed its price past $40,000, helping it reach its all-time-high. However, with most of the world now focused on rising prices, Bitcoin’s increasing market cap has mostly gone unnoticed.

With a market capitalization of $779.85 billion, Bitcoin is the ninth-largest asset in the world. The world’s largest cryptocurrency has surpassed Facebook, whose $755 billion market cap makes it the tenth-largest asset and the sixth-largest tech company in the world.

#Bitcoin has surpassed Facebook $FB in market cap. Makes sense that a money network would be more valuable than a social network. pic.twitter.com/XofI9W0Mce

— Cameron Winklevoss (@cameron) January 8, 2021

Chinese tech company Tencent also ranks below Bitcoin with a market cap of just over $706 billion, while the global e-commerce giant Alibaba is ranked 12th with a market cap of $629.33 billion.

Bitcoin has also outperformed Berkshire Hathaway, the world’s largest holding and investment company founded by billionaire investor Warren Buffett. According to data from Infinite Market Cap, Berkshire Hathaway is the world’s thirteen-largest asset with a market capitalization of $547 billion.

Screengrab showing the world’s top assets ranked by market capitalization. (Source: Infinite Market Cap) Bitcoin’s market cap is half of all of the existing silver

And while it will take a lot more bull runs to push Bitcoin past gold, its growing market cap becomes even more impressive when compared with commodities such as silver.

At its current market capitalization, Bitcoin is worth half of all the silver in the world. According to Infinite Market Cap, 1.7 million metric tons of silver has been mined so far—at a price of around $26 per once, this puts its market cap at around $1.43 trillion.

Even when given the fact that the market cap calculation doesn’t take into account the amount of silver that has been lost or destroyed or the number of bitcoins that have vanished forever, the data only further solidifies Bitcoin’s position on the market.

This also means that once Bitcoin reaches a price of $80,000, its market cap will be larger than silver’s current market cap.

The post Bitcoin is now worth half of all silver in the world appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Silver (XAG) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $28.11
Капитализация $0 Rank 99999
Доступно / Всего 0 XAG

silver bitcoin all worth half world mined

Источник: cryptoslate.com

silver bitcoin → Результатов: 126


Фото:

Lost Money Trading Cryptos This Year? Here’s How You Can Benefit at Tax Time

Last Thanksgiving, Bitcoin was in the middle of a bull run that would result in a record high of $19,511 just before Christmas. Now, Bitcoin is worth just $3,752. If you bought Bitcoin and other cryptos when their prices were high, there’s a silver lining around the gray state of crypto markets now: any losses […] Lost Money Trading Cryptos This Year? Here’s How You Can Benefit at Tax Time was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-12-21 22:52


Lost Money Trading Crypto This Year? Here’s How to Recoup Your Losses at Tax Time

Last Thanksgiving, Bitcoin was in the middle of a bull run that would result in a record high of $19,511 just before Christmas. Now, Bitcoin is worth just $3,752. If you bought Bitcoin and other cryptos when their prices were high, there’s a silver lining around the gray state of crypto markets now: any losses […] The post Lost Money Trading Crypto This Year? Here’s How to Recoup Your Losses at Tax Time appeared first on Ethereum World News.

2018-12-20 20:31


Israeli Startup Launches Crypto Funds Amid Institutional Push

Since the value of Bitcoin began to recede in early-2018, investors from across the globe have sought to find a silver lining to latch onto. However, with initial coin offerings (ICOs) seeing less than adequate amounts of interest, security tokens failing to pick up steam, and corporations remaining hesitant to adopt blockchain-based technologies, investors have.

2018-11-21 01:00


Фото:

Bitcoin’s Rise Reflects Governments’ Failure To Stabilize National Currencies

Bitcoin is digital gold for a digital generation. Libertarian proponents of cryptocurrencies, like America’s Founding Fathers before them, argue that fiat currencies are nothing but Monopoly paper: Why does fiat cash have value when it’s not backed by any real asset, such as gold or silver? In 1786, Thomas Paine wrote: “Gold and silver are the emissions of nature: paper is the emission of art.

2018-9-3 16:00


Charlie Lee Compares Bitcoin to Gold, Litecoin to Silver and XRP to diamonds

It’s amazing to see a developer of another cryptocurrency commenting good concerning other cryptocurrencies instead of destroying their reputation to boost his/her own coin in the market. This is no other person but the founder of Litecoin Charlie Lee who has said that he feels less pressure after he had sold all his Litecoins and […] The post Charlie Lee Compares Bitcoin to Gold, Litecoin to Silver and XRP to diamonds appeared first on ZyCrypto.

2018-7-27 08:58


В Кремниевой долине вырос спрос на биткоин для покупки предметов роскоши

Сотрудники базирующихся в Кремниевой долине компаний все чаще используют биткоины для покупки предметов роскоши. Например, криптовалютные продажи бутика часов и ювелирных изделий Stephen Silver Fine Jewelry в прошлом году выросли на 20%, сообщает Вitcoin.

2018-6-25 14:19


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.

Bitcoin Diamond Hands Still Unbroken: 30.7% Of Supply Dormant For 5+ Years

Data shows the Bitcoin diamond hands have continued to sit tight recently as almost a third of the supply hasn’t been moved in five years. Bitcoin Has A Notable Part Of Its Supply Dormant Since Over Five Years In a new post on X, the market intelligence platform IntoTheBlock has discussed about how the most […]

Bitcoin Open Interest Is Shooting Up: Will Shorts Be Rekt This Time?

Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market.

Bitcoin Difficulty Jumps 3% As Hashrate Slowly Recovers

On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery. Bitcoin Mining Difficulty Has Seen A Positive 3% Adjustment Recently The “mining difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine on […]

Bitcoin Investors Have Turned Greedy Again: What Could Be Next For BTC?

Data shows that Bitcoin investors have again assumed a sentiment of greed after BTC’s surge of $64,000. Here’s what this could mean. Bitcoin Fear & Greed Index Is Now Pointing At ‘Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment currently present among the investors of […]

These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals

An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC.