Bitcoin Outperforms Silver, Ranking 8th Global Asset With $1.76T Valuation

The relentless Bitcoin price surge, which began a day after the US presidential elections, is causing an economic ripple. Bitcoin reached $89k today, up 27% from last week. Record Bitcoin ETF inflows drive funds to smash records. This price movement changed the world's largest assets by market capitalization.

Bitcoin ranks 8th on the revised list of the "Top 10 Largest Assets by Market Cap" with a market value of $1.756 trillion, slightly ahead of silver at $1.736 trillion. The digital asset has surpassed silver in the rankings twice, spurred by optimistic sentiment on Bitcoin ETFs and blockchain.

Bitcoin's rise to the top global assets shows its rising popularity as a substitute to gold.

Price of Bitcoin Tops $89k Increases Market Value
Bitcoin tests $89k again this week, continuing its stunning climb. Bitcoin rose 11.3% to $89,0000 on Tuesday, Nov. 12th, while silver fell 2%, placing it 8th.

Bitcoin lags 7th-ranked Saudi Aramco after this price movement. Amazon, Google, Microsoft, Apple, Nvidia, and gold complete the Top 10. Gold is the world's largest market valuation at $17.667 trillion, dwarfing Nvidia and Apple by $3 trillion each.

Bitcoin's market worth and recent price movement show its potential, according to The Kobessi Letter. The commentator said that gold's 10x value over BTC is astounding. However, it believes the top digital asset may expand further.

TradingView.com: BTCUSD daily chart at $87,604.
Bitcoin's price has risen steadily since Trump's election win. Trump treats crypto enthusiasts well. Republicans winning both chambers will make it simpler for the new president to implement crypto-friendly legislation.

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