After attracting significant capital inflow to rank among the most valuable investment products, Bitcoin has been dislodged from the top ten assets globally based on market capitalization as the flagship cryptocurrency continues to navigate a highly volatile market.With a market capitalization of $390 billion, Bitcoin now ranks in the 16 spot losing its position to high profile traditional financial products.
Over the past year, Bitcoin had sustained its status in the top ten group while cementing its position as one of the best-performing assets in the last decade.
In particular, Gold remains the most valuable asset, with a market capitalization of $11 trillion. Interestingly, Bitcoin has earned comparison to gold, with proponents noting that the crypto will likely take over the precious metal as the presumptive store of value.
The cryptocurrency has now slipped to the 17th position in the list. With a market capitalisation of $11.699 trillion, gold is currently the most valuable asset, followed by Saudi Aramco.
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