I was shocked at first to see it is 55th in market cap and I was like was there a problem with the coinmarketcap website that showed ethereum 55th instead of second? Turns out we were talking about the top asset of the world, not just coins, so this means bitcoin is bigger than hundreds of other things, only 9 other things in life that is bigger than bitcoin, that is a very very important thing to realize because that shows you how big we got. By logic think about it this way there are sooooo many people in the world who uses johnson and johnson products right? Well bitcoin is bigger.
How about samsung? It is one of the largest companies in the entire world, they are huge right? Well bitcoin is bigger. This doesn't specifically mean there are more users of bitcoin than samsung, but it just means we are bigger in market cap. This is a huge accomplishment.
Crypto is so volatile that, bitcoin is already at 9th today compared to 10th when this was started, because we had a 6%+ increase in a day, not that stocks never have that but it is a very normal day for bitcoin whereas it is an unbelievable good day for stocks. Ethereum?
It has already increased to 47th spot for example, from 55th when this topic started, already increased like hell in just few days time because it is volatile and it is crypto, it is not always that simple to predict what they are going to do. Not that this means they are going to keep going forever and be first and second here, that very well may happen but this is just a show of how they are volatile and unpredictable. We could possibly have bitcoin price drop 10% tomorrow and eth go down 10% as well and suddenly they are back to where they used to be just a few days ago, crypto could always move like that.