On Sunday, July 13, bitcoin vaulted to $119,444 before settling at $118,724 per coin. That jump puts bitcoin in sixth place among the world’s most valuable assets, closing in fast on Amazon’s market cap.
Bitcoin Breaks Into Top 6 of World’s Biggest Market Caps
With its market value now sitting at $2.361 trillion, bitcoin (BTC) has officially edged past silver’s $2.199 trillion valuation. Amazon still holds a slight lead at $2.388 trillion—but for how long remains the real question.
Source: companiesmarketcap.com
A price tag of $120,051 per coin would push bitcoin past Amazon’s $2.388 trillion market cap—but standing in its way is the formidable and deeply psychological barrier at the $120,000 line.
To climb past Apple, which currently sits as the fourth-largest asset with a $3.153 trillion valuation, bitcoin must reach $158,552 per coin. A move to around $187,999 per coin would be needed for bitcoin to leapfrog Microsoft’s $3.740 trillion market cap.
In order to dethrone Nvidia as the second most valuable asset, BTC would have to rally to roughly $202,166 per coin. To take down the final boss—gold, with its colossal $22.632 trillion market cap—bitcoin would need to rocket to roughly $1,137,584 per coin.
That figure doesn’t sound too wild to those who believe BTC is destined to crack $1 million per coin someday. Among those who back this bold vision are Ark Invest’s Cathie Wood, Strategy’s Michael Saylor, Galaxy Digital’s Mike Novogratz, Bitmex founder Arthur Hayes, and Binance co-founder Changpeng Zhao, better known as CZ.
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