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Bitcoin is Now the 6th Largest Asset in the World! Passing Facebook and Tesla
The Watcher News ^ | November 8, 2021 | Nicolle Collier

Posted on 11/08/2021 1:56:39 PM PST by aMorePerfectUnion

The largest cryptocurrency in the world, Bitcoin, is currently the 6th largest asset in the world by market value! According to assetdash.com, BTC’s market cap has surpassed that of Facebook and Tesla. A tweet by @WatcherGuru confirms this.

At the time of writing, the top digital coin has a market cap of $1.234 trillion higher than Tesla’s $1.228 trillion. The Facebook company, which recently rebranded to Meta, has a market cap of $973.49 billion.

The top 5 assets globally are Amazon, Apple, Microsoft, Saudi Aramco, and Google’s parent company Alphabet. According to assetdash.com, the world’s top asset is Microsoft, whose market cap is $2.524 trillion.


TOPICS: Business/Economy
KEYWORDS: bitcoin; btc; crypto; cryptocurrency
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If YOU would like to be on The Mysterious and Private FR CRYPTO PING LIST,
please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Shiba, and Other coins built on the Ethereum, blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

1 posted on 11/08/2021 1:56:39 PM PST by aMorePerfectUnion
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To: algore; aMorePerfectUnion; amorphous; Andyman; ARGLOCKGUY; abishai; battletank; ...
PING!
2 posted on 11/08/2021 1:57:08 PM PST by aMorePerfectUnion (Fraud vitiates everything ᡕᠵ᠊ᡃ࡚ࠢ࠘ ⸝່ࠡࠣ᠊߯᠆ࠣ࠘ᡁࠣ࠘᠊᠊ࠢ࠘𐡏⁻ )
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To: aMorePerfectUnion

Steady FReepers, this is just a size comparison...


3 posted on 11/08/2021 1:57:46 PM PST by aMorePerfectUnion (Fraud vitiates everything ᡕᠵ᠊ᡃ࡚ࠢ࠘ ⸝່ࠡࠣ᠊߯᠆ࠣ࠘ᡁࠣ࠘᠊᠊ࠢ࠘𐡏⁻ )
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To: aMorePerfectUnion

Amazing. And it could all disappear in an instant.


4 posted on 11/08/2021 2:01:38 PM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: aMorePerfectUnion

Waiting for the get-off-my-lawners to come in and scream “I don’t understand it, so it must be a Ponzi scheme!” in 3-2-1…..


5 posted on 11/08/2021 2:02:16 PM PST by GunRunner
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To: aMorePerfectUnion

I’m kicking myself for not getting in in 2015.


6 posted on 11/08/2021 2:03:28 PM PST by fwdude
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To: GunRunner

That’s one big arse tulip.


7 posted on 11/08/2021 2:05:00 PM PST by Pollard (PureBlood -- youtube.com/watch?v=VXm0fkDituE)
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To: Pollard

I missed out on the tulip bulb craze as well....

Oh well.

;-)


8 posted on 11/08/2021 2:06:25 PM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: aMorePerfectUnion

Tulips were more of an “asset”.

Digital will implode with fury.


9 posted on 11/08/2021 2:08:40 PM PST by Mariner (War criminal #18)
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To: aMorePerfectUnion

Their supposed number one asset is worth less than two trillion. Seems they forgot to include regular non crypto currencies like the USD which is around 80 trillion considered broadly, albeit only about 2 trillion is in circulation.


10 posted on 11/08/2021 2:13:17 PM PST by AndyTheBear
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To: GunRunner

You were post 5. And you were already late.


11 posted on 11/08/2021 2:13:25 PM PST by Vermont Lt
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To: Mariner

It’s been 12 years…it’s been pronounced dead at least 1,000 times.

Do you think you might just be wrong this time?


12 posted on 11/08/2021 2:14:37 PM PST by Vermont Lt
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To: BenLurkin

Relax. The powers that be are not about to let their investments in bitcoin go up in smoke. BTC has become the stealth investment of the ruling class, and so it is here as long as they want it to be.


13 posted on 11/08/2021 2:23:20 PM PST by hinckley buzzard ( Resist the narrative.)
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To: cgbg

I made a few hundred off of crypto and then cashed out. Might try it again someday.


14 posted on 11/08/2021 2:27:00 PM PST by Pollard (PureBlood -- youtube.com/watch?v=VXm0fkDituE)
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To: aMorePerfectUnion

(very valuable) tulips


15 posted on 11/08/2021 2:31:35 PM PST by ConservativeDude
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To: BenLurkin

Amazing. And it could all disappear in an instant.

There’s something disturbing about Bitcoin. It has a price, agreed upon by the crowd, of what exactly? It is neither a product or service. It is an algorithm.

How can anyone claim it to be undervalued or overvalued, other than it trades daily on market psychology. It is worth $X because people believe it. It’s a quant nightmare.


16 posted on 11/08/2021 2:34:40 PM PST by Flick Lives (The future is a quiet world)
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To: aMorePerfectUnion

Bitcoin or any cryptocurrency grift-token is not an asset.

Without fiat... bitcoin and crypto has ZERO value. Crypto simply is fiat being stored and transacted under an alias, a unit of account named ‘XYZ’ crypto. Crypto has ZERO fundamentals, based on air and is tied only to fiat that gives it its value... nothing else does. Of course since fiat is based on air... that makes crypto as worthless as fiat, more air.

There are almost 10,000 ludicrous and clown-named crypto token-banks hosted on smart contract enabled BC’s. Most all are ponzi-grift tulip schemes that will never leave the exchanges. They exist only to rob suckers of their fiat by those who created the token-bank and hold the lions share... and by the manipulation by players that day-trade them. Crypto is the object of grift by the grifter industry.

Crypto nonsense is beyond pink fairies and unicorn fantasy. The crypto exchanges are a clown show of pyramid theft and are absolutely laughable having shown no restraint in listing completely useless and most ridiculous named garbage grift-tokens that only a child could come up with.

Crypto has become a joke and a 100% grift industry with almost 10,000 sham tokens created by scammers.

The exchanges are nothing but gambling houses that offer goofball named casino chips(crypto/tulip receipts)for placing bets on one big table game called ‘Tulips.’.. The world’s largest online Ponzi game. You can never own crypto... ony a receipt of a named unit of account you traded your fiat for. You either own the receipt in your private wallet or an exchange owns it that is tied to your exchange accout. Either way... regardless... ALL crypto holdings are receipts for fiat, unit-of-account quantity that exist in a database. Crypto tokens have no physical form or reality, only physical attributes that exist as logical properties. So, no... crypto is not real and CANNOT by definition be an asset class since it doesn’t actually exist but only as a simulation within a computer.

None of these garbage crypto names will ever leave the exchanges and find practical use as a vehicle for fiat transmission, because they were never created for utility... only as grift to take your money by snake oil salesmen who created them.


17 posted on 11/08/2021 2:36:43 PM PST by Bellagio
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To: BenLurkin
Amazing. And it could all disappear in an instant.

Bingo - only had to go one comment to get the rabid "i have no idea what I'm talking about!" entry.

18 posted on 11/08/2021 2:44:41 PM PST by corkoman
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To: corkoman

I love you too.

When it happens, don’t come whining to me.


19 posted on 11/08/2021 2:47:09 PM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: BenLurkin
Bitcoin is Gen Z's Beany Babies.

https://www.wsj.com/articles/sorry-collectors-nobody-wants-your-beanie-babies-anymore-1519234039

20 posted on 11/08/2021 2:57:49 PM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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