The site at CompaniesMarketCap.com provides a simple list of the world’s largest companies by market capitalization. This is the value of publicly listed companies. This is an easy calculation to make, you just multiply the share price of a firm by the number of outstanding shares. The result is a list of companies ordered by their size. At the time of this writing, the top ones are Apple, Saudi Aramco, Microsoft, Amazon, Alphabet, Tencent, Tesla and Facebook.
This site also has a breakout of assets by market cap, which includes not only companies but stores of value like Gold, Silver, Bitcoin and Ethereum, as well as EFTs and some other financial instruments. This view into market cap data has come in handy for context on the rise of digital assets as stores of value.
To see this list visit 8marketcap.com
Gold tops the list of top assets by market cap, coming in at a value of $11.55 Trillion dollars. Apple is a distant second place at $2.3T. Silver market cap is $1.48T. The rise to watch is that of Bitcoin and Ethereum. Bitcoin now has a market cap of $892B, putting it at number 9 on the list of assets by market cap. The market cap of Bitcoin is bigger than any bank. In fact, it is bigger than JPMorgan Chase, Bank of America, and Wells Fargo, combined.
Of course comparing banks to Bitcoin is not very relevant or actionable. But it is a sign that the asset most banks have tried hard to ignore is here and will have staying power.
It is just a matter of time before Bitcoin passes Silver in total value. Then the next target… Gold itself!
More reading:
What You Need To Know About Bitcoin: Including potential new business models to consider
