After the leading cryptocurrency surpassed Silver and Meta’s market cap earlier this week, Bitcoin has officially overtaken Saudi Aramco to become the world’s 7th largest asset. Indeed, the token has passed up the oil company as it has surged to a $1.81 trillion market cap.
Saudi Aramco is currently the sixth largest company on the planet with a $1.79 trillion market cap. Indeed, it only trails Nvidia, Apple, Microsoft, Amazon, and Alphabet in terms of the largest market cap. Perhaps the most impressive aspect of Bitcoin’s continued surge is that there appears to be no end in sight.
Also Read: Bitcoin Bull Run to Go Another 200 Days Before Possible US Recession?
Bitcoin Continues Winning: Overtakes Silver, Meta, and Saudi Aramco in the Same Week
This year has been a game changer for Bitcoin. In January, it became the first crypto-based ETF in the United States and has seen institutional investment interest surge since. That has only been magnified by the 2024 presidential election, where Donald Trump’s second term is set to see the first pro-crypto commander-in-chief take up the Oval Office.
Those facets have driven the price of the leading crypto to new heights. Indeed, Wednesday saw the token set an all-time high of $91,500, its fourth of the last week. Moreover, it has surged more than 23% in the last seven days, according to CoinMarketCap.
Source: CNBC
Also Read: US Dollar Jumps, Bitcoin Spikes As Trump Regime Euphoria Takes Over
Additionally, its overall value on a global scale has surged. Indeed, Bitcoin has officially surpassed oil company Saudi Aramco as the world’s seventh-largest asset. Specifically, its market cap reached $1.81 trillion, beating out the overall value of the firm.
Now, the market is anxiously observing how long the bull run could last for the asset. Bitwise CEO Matt Hougan has recently projected the asset to reach a $500,000 price, according to a report from The Block. He noted that, until BTC reaches the landmark value, “It’s still early.”
