According to the latest data from 8marketcap, Bitcoin has surpassed Tesla and re-entered the list of the top 10 assets/companies in the world by market capitalization.
With the price breaking through 30,300 US dollars, the market value of Bitcoin reached 586.44 billion US dollars, ranking 10th in the world, while Tesla’s current market value fell to 572.18 billion US dollars, falling to 11th place.
Other assets/companies in the top 10 by market capitalization are Gold ($13.557 trillion), Apple ($2.533 trillion), Microsoft ($2.11 trillion), Saudi Aramco ($1.926 trillion), silver ($1.456 trillion ), Alphabet ($1.343 trillion), Amazon ($1.002 trillion), Berkshire Hathaway ($693.72 billion), and Nvidia ($654.42 billion).
The recovery in Bitcoin’s market capitalization can be attributed to its recent price surge, driven by increased institutional adoption, increased mainstream acceptance, and a favorable regulatory environment.
As the world’s first and largest cryptocurrency, Bitcoin has gained significant momentum as a store of value and a hedge against inflation, attracting the attention of investors and institutions.
On the other hand, Tesla’s market value has declined, which can be attributed to a variety of factors, including increased competition in the electric vehicle market, concerns over its valuation, and regulatory challenges.
Despite Tesla’s leadership in the electric vehicle industry, its market value has been affected by heightened market volatility and shifting investor sentiment.
The reshuffling of the top 10 assets/companies by global market capitalization highlights the dynamic nature of financial markets and the changing investment landscape. As digital assets gain mainstream recognition and traditional industries face new challenges, the ranking of global assets/companies may change.