Bitcoin nears Silver’s market cap; What’s next for the commodity?
Bitcoin (BTC) is on a rally, nearing its all-time high price of $69,000 while ranking among the top 10 highest capitalization just behind Silver. On that note, Bitcoin and Silver are the 8th and 9th most valuable assets globally, according to CompaniesMarketCap data. Notably, they have a $1.363 trillion and $1.329 trillion market cap, respectively. Just behind Google’s parent company, Alphabet Inc (NASDAQ: GOOG) with $1.662 trillion. Google, Silver, Bitcoin, and Meta market cap rank. Source: CompaniesMarketCap Silver’s market cap: A look at the second-largest commodity Besides being the 8th most valuable asset in the world, Silver is also the second-largest commodity, losing only to Gold. However, Bitcoin threatens this position, which many experts consider a digital commodity. Picked for you Gold price prediction after hitting new all-time highs 7 mins ago Machine learning algorithm sets Terra Classic price for March 31, 2024 16 mins ago Will Cardano go p...