Bitcoin Surpasses Saudi Aramco, Silver, and Meta, Claiming a Top Spot Among World’s Largest Assets

This week, Bitcoin achieved a historic milestone, overtaking Saudi Aramco to secure the position of the world’s 7th largest asset. With a market cap soaring to $1.81 trillion, the leading cryptocurrency has moved past the global oil giant, currently valued at $1.79 trillion, after already surpassing Silver and Meta in recent days. Saudi Aramco now ranks just above Bitcoin, trailing behind Nvidia, Apple, Microsoft, Amazon, and Alphabet as the planet's top five most valuable companies.

This surge in Bitcoin’s market cap follows a year of remarkable growth for the cryptocurrency. Since January, the U.S. saw the launch of its first crypto-based ETF, marking a pivotal moment in institutional interest and adding momentum to Bitcoin's growth. Additionally, as anticipation builds around the 2024 presidential election, investors are eyeing the impact of a pro-crypto administration with a potential second term for Donald Trump.

With a week marked by impressive gains, Bitcoin set a new all-time high of $93,200 on Wednesday—its fourth record peak in just seven days. The token has increased by over 23% in the past week alone, a trend that shows little sign of slowing down. As Bitcoin continues to attract institutional interest and mainstream recognition, it appears poised to maintain its upward trajectory in the competitive landscape of global assets.