Bitcoin lands #27 as top assets by marketcap (Stocks, ETF and Crypto)

[cryptomaniac_xxx]

Interesting to see that bitcoin places amongst the top assets by marketcap, category, stocks , ETF and cryptocurrencies.



Here are the top 6, dominated, Apple, Amazon, Google, Microsoft and Facebook. We also have to take note that those companies make a killing out of this pandemic, registering record quarterly earning. But then again, Amazon, Apple, Facebook and Google grilled on Capitol Hill over their market power.



https://assetdash.com/

What do you think that bitcoin's price will be in the future to get into the first place? $50k-$100k?

[mk4]

Though a really interesting statistic, it doesn't really make sense to compare bitcoin to companies and businesses. Probably a better statistic would be comparing bitcoin to the value of other currencies and hedging assets.

[Wind_FURY]

Though a really interesting statistic, it doesn't really make sense to compare bitcoin to companies and businesses. Probably a better statistic would be comparing bitcoin to the value of other currencies and hedging assets.

Depending on someone's prespective, Bitcoin can also be viewed as the first true Decentralized Autonomous "Corporation". It has its own rules, and by-laws, it's own workers, it's own product, and it's own customers.

[TravelMug]

Interesting to see that bitcoin places amongst the top assets by marketcap, category, stocks , ETF and cryptocurrencies.

[..snip..]

What do you think that bitcoin's price will be in the future to get into the first place? $50k-$100k?

Let's do the simple match, at the current market cap of @212,000,000,000, it should be around x10.

So at the current price, of $11,500 we need to be in the range of the $100,000 per BTC or more to overtake everyone in the race.

[mk4]

Depending on someone's prespective, Bitcoin can also be viewed as the first true Decentralized Autonomous "Corporation". It has its own rules, and by-laws, it's own workers, it's own product, and it's own customers.

Not sure a "corporation" would be the best description for something totally open-source and leaderless. In fact, probably the worst description to describe the group in Bitcoin's case. A "movement" would be far more better word to describe it.

[Poker Player]

Though a really interesting statistic, it doesn't really make sense to compare bitcoin to companies and businesses. Probably a better statistic would be comparing bitcoin to the value of other currencies and hedging assets.

Well, the point is that most people buy it nowadays as an asset. A high volatile one. Not to be used as a currency. So, I think the comparison is OK.

[Darker45]

Bitcoin and the rest of the listed names in the OP are of different feathers. They may be compared with each other in terms of marketcap but it seems Bitcoin is like an apple in a basket full of oranges. In the first place, while the rest have huge capitalization, Bitcoin has none. So that's basically zero to 211.5 billion in USD for Bitcoin.

Anyway, it would be a very long way before Bitcoin will land on the top spot. Even if the price of Bitcoin will reach $50,000, which may not happen in the next 3 years, it still cannot replace the number one on the list.

[mr.smith]

Anyway, it would be a very long way before Bitcoin will land on the top spot. Even if the price of Bitcoin will reach $50,000, which may not happen in the next 3 years, it still cannot replace the number one on the list.

Number 27 is still a good number and spot with the way things are going on we can move up to the top 15 I don't think Bitcoin will beat Apple or even land in the top 5 but it's just enough that there is a general awareness of Bitcoin and it always has the spot in many markets.

[Wind_FURY]

Depending on someone's prespective, Bitcoin can also be viewed as the first true Decentralized Autonomous "Corporation". It has its own rules, and by-laws, it's own workers, it's own product, and it's own customers.

Not sure a "corporation" would be the best description for something totally open-source and leaderless. In fact, probably the worst description to describe the group in Bitcoin's case. A "movement" would be far more better word to describe it.

I know, but for lack of a better technical term, a decentralized-leaderless-organization. Although there are people who would debate about it being "leaderless". I believe franky1 would challenge it.

The "movement" description is on the community/philosophical side, not the technical.

[sunsilk]

I'd appreciate that it's been on that list and ranking to 28, as of now, is decent participation and ranking. Knowing that bitcoin is just a decade and a year old, there will be more attention paying on it for the next years.

What do you think that bitcoin's price will be in the future to get into the first place? $50k-$100k?

Those prices given are being said with many analyses and predictions. What matters is we have to wait when it shall come.

[maydna]

Those companies will be beaten by bitcoin in the future, but we are still far away to see bitcoin will be a top ten of that list. If we talk about the price, perhaps, the price will need to lift to more than $100k while we are still at $11k level, but I am sure that the price will slowly increase to the high price. Bitcoin itself will slowly beat the companies in the time, and that can be good news for us if bitcoin can be at the top twenty list. We can only wait from time to time to see if bitcoin will increase to the high position, while we don't need to focus on that list because what we need to do now is prepare ourselves, so we have a better chance in the future.

[pooya87]

Though a really interesting statistic, it doesn't really make sense to compare bitcoin to companies and businesses. Probably a better statistic would be comparing bitcoin to the value of other currencies and hedging assets.

That would make the number one if you compare it with other Crypto currency and hedging assets at least we know that what is their place in the marketcap (Stocks, ETF and Crypto) there's a big possibility that they will land in the top ten in the near future everything is possible on how Bitcoin performs.

you can't really compare bitcoin with other cryptocurrencies because a big percentage of them are poor copies of bitcoin so there is no point even making that comparison, and the rest are also still very poor projects or purely pump and dump schemes which again comparing a currency with them makes no sense. in a handful of them that have real purpose like XMR that focuses on anonymity they have other issues such as scaling and are not popular enough to be considered for such comparisons.

[buwaytress]

I know, but for lack of a better technical term, a decentralized-leaderless-organization. Although there are people who would debate about it being "leaderless". I believe franky1 would challenge it.

The "movement" description is on the community/philosophical side, not the technical.

Movement and organisation don't to me really fit either, mostly because movements rally people under a cause (and I'm afraid the massive group of speculators don't have any agenda other than profit, power to them). Also maybe disorganisation might be a better term but haha yeah, I don't think there will be any precise definition. Bitcoin will rank very differently in any given category. CCP doesn't even think of Bitcoin as a top coin among coins. Below EOS, lols.

[Kemarit]

Well it's good to see that Bitcoin has been holding its ground against those giants in the field of IT, banking and other industries.

But it doesn't make sense though to put comparison and remember that Bitcoin is very volatile, today it could be in #27 and then the numbers can go up and down. But it doesn't mean anything, in the bigger picture, Bitcoin should be compare to other cyrptocurrencies and so far it is still the top asset as far as market cap.

[Haunebu]

I don't really see the benefit of this comparison op. TBH, BTC and other popular cryptocurrencies have already ranked high on these charts, but what matters more is how many people are actually using these currencies as payment methods in their day to day lives.

That figure is far lower obviously since a small portion of the world population have invested in crypto and most of these investors treat these currencies as assets primarily.

This is why rankings and comparisons don't really matter much in my opinion. Real world usage matters way more in comparison.

[gentlemand]

Erm, where's gold? Where's Saudi Aramco? No doubt there are plenty of other gaping holes.

There IS a world beyond America despite what sites like this believe and of course Bitcoin itself trades everywhere around the world 24/7.

[Oasisman]

I don't really see the benefit of this comparison op. TBH, BTC and other popular cryptocurrencies have already ranked high on these charts, but what matters more is how many people are actually using these currencies as payment methods in their day to day lives.

Well, I guess the ranking of these companies indicates the popularity and the volume of usage of the assets. That means, being at the 27th (30th by the time Im typing this) spot is still pretty impressive for Bitcoin and there are actually a lot of people are using it more than before. However, using Btc as a primary mode of payment in a daily basis is still arguable. High transaction fees and clogged network that causes a slow transaction process for a minimum miner's fee hinders it.
IMO, the benefit of this ranking is to let other people know (specially those who're outside the crypto space) that Bitcoin is one of the top performing asset, and that'll actually help to spread the Bitcoin adaption.

[davis196]

The fact that Bitcoin is the 27th most traded asset in the world(if this statistic is actually accurate) means that there's still lots of potential for future growth of both the Bitcoin price and the Bitcoin market cap.
However,comparing Bitcoin to stocks is wrong(and people are still going it all the time).
I fair comparison would be comparing crypto companies like Coinbase and Benance to Apple,Amazon and Microsoft,but Coinbase and Benance are way smaller,compared with the tech giants.

[gentlemand]

The fact that Bitcoin is the 27th most traded asset in the world(if this statistic is actually accurate) means that there's still lots of potential for future growth of both the Bitcoin price and the Bitcoin market cap.

Down to 33 already.

That listing is purely on market cap, not the amount it's traded. That is a metric that would be interesting to compare it to but also even less relatable to stocks.

[Wind_FURY]

I know, but for lack of a better technical term, a decentralized-leaderless-organization. Although there are people who would debate about it being "leaderless". I believe franky1 would challenge it.

The "movement" description is on the community/philosophical side, not the technical.

Movement and organisation don't to me really fit either, mostly because movements rally people under a cause (and I'm afraid the massive group of speculators don't have any agenda other than profit, power to them). Also maybe disorganisation might be a better term but haha yeah, I don't think there will be any precise definition. Bitcoin will rank very differently in any given category. CCP doesn't even think of Bitcoin as a top coin among coins. Below EOS, lols.

For the sake of the topic, comparing Bitcoin to a list of corporations, let's use "institution"? I believe it can be an institution in of itself, with the developers, the evangelists, the followers, and the trolls. Haha.

It's a group of computers, bootstrapped, networked, and organized to follow, and enforce the rules of the protocol.