Bitcoin overtakes Facebook in marketcap and has Tesla in its sights

In its still relatively short existence, Bitcoin (BTC) has become one of the largest assets in the world. And now that the BTC price is rising again, we see the cryptocurrency overtaking a few big well-known companies in this ranking again.

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Bitcoin past Facebooks Meta

In recent days, the rising bitcoin price has caused bitcoin to climb in the rankings. Partly due to the disastrous performance of Meta, formerly known as Facebook, bitcoin is now bigger than the social media company. Meta has a market capitalization of $612 billion after it lost hundreds of billions of dollars in value in a short period of time this week. Bitcoin, on the other hand, now stands at $844.5 billion.

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Another notable development is that the cryptocurrency has also overtaken Berkshire Hathaway, the company whose CEO is world-famous investor Warren Buffett. He previously called bitcoin "rat poison squared." Very valuable rat poison, it turns out.

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Tesla in bitcoins crosshairs

Now the mother of all cryptocurrencies still needs to rise in value considerably before it can enter the absolute top. At the moment we find BTC at place 8 of the largest assets in the world. The next company in its path is Tesla. The electric car manufacturer is worth $911.2 billion and, by the way, owns bitcoin itself.

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Above Tesla we find the shares of asset manager Vanguard, Amazon.com, Alphabet (Google) Microsoft and Apple. Silver and gold are also still above BTC. Are we going to see bitcoin get close to this in the coming months? No one knows, of course. There is still a nice rise needed for that. In any case, it is interesting to see that the Bitcoin network is currently worth almost as much as the largest companies on earth!