Bitcoin's recent bull run has taken the cryptocurrency's market value to new historical heights. Only in recent months has the asset exceeded the market capitalization companies Alibaba, Visa, JPMorgan and Mastercard, respectively, the largest finance companies in the world. More recently Bitcoin has overtaken the giant Facebook and now remains glued to Tesla Motors.
At the time of writing, bitcoin is priced at around $ 41,000 with an estimated market cap of $ 766 billion, according to the AssetDash website. Soon thereafter comes Tesla Motors, the company of billionaire Elon Musk, with a market cap of R $ 834 billion.
What is the limit?
As much as the market value of Bitcoin is being compared to that of the largest companies in the world, crypto has the potential to compete with classic value reserve assets like gold or silver. Many still bet that cryptocurrency may become not only a reserve but a currency of wide global acceptance, such as the US dollar or the euro.
Currently, the market value of gold is estimated at around US $ 10 trillion, a small flow of capital that is allocated from gold to the cryptocurrency can cause the price of BTC to grow exponentially.
See also: What if Bitcoin gained market share in gold?
Now, if BTC becomes a world currency, widely accepted by a significant portion of the population, its price should reach absurdly higher levels. According to the Fiat Market Cap website, BTC currently ranks 14th among the most valuable currencies in the world.
Will we see Bitcoin becoming the most valuable currency in the world at some point? Leave your opinion in the comments section below.
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