Bitcoin Surpasses Silver’s Market Cap In Just 15 Years—Here’s How Long It Took Other Giants To Reach This Milestone
Bitcoin (CRYPTO: BTC) has reached a new milestone, surpassing the market cap of silver and becoming the world’s eighth-largest asset by valuation.
What Happened: Currently valued at $1.74 trillion, Bitcoin’s swift rise contrasts sharply with the long-standing value of silver, which has a market cap of approximately $1.71 trillion, according to data.
This feat is especially notable considering Bitcoin, launched in 2009, reached this valuation in less than 15 years, while silver, a precious metal valued since ancient times, has accrued value over millennia.
The stark contrast in their timelines highlights Bitcoin’s rapid growth and its increasing adoption as a store of value.
This valuation positions Bitcoin just behind global giants in the corporate world.
Amazon (NASDAW: AMZN), the e-commerce and cloud computing powerhouse, holds the sixth spot with a market cap of $2.17 trillion, and Saudi Aramco, the state-owned oil giant from Saudi Arabia, ranks seventh with $1.8 trillion.
These companies represent industries with substantial economic influence – Amazon reshaping retail and technology services, and Aramco underpinning the oil-dependent economies worldwide.
Bitcoin, a decentralized digital asset with no central authority, now ranks close to these established corporations in terms of market value.
To understand the significance of Bitcoin’s rapid growth, it helps …
About The Author
