There are hundreds of millions of people trading around the world. It is known that approximately 9% of the world’s population is an investor. Due to this diversity, the total values of some markets in the world are far superior to others.
Let’s look at the world’s most valuable asset markets, their companies, and where crypto asset markets are and could be in the whole picture:
The heart of the world’s largest trading transactions: Forex
According to April 2022 data from the Bank for International Settlements (BIS), the bank of central banks, Forex (FX), or “international foreign exchange market” in Turkish, is the largest financial market in the world. As of April 2022, the daily trading volume of the entire FX market exceeds $7.5 trillion.
This means that the amount changing hands annually in the Forex market is 2.7 quadrillion dollars. However, the total value of the current Forex market is unknown. Still, according to the latest data, it is known that the total value of the Forex market was 2.4 quadrillion dollars in 2020.
The market for gold, which should not only be kept under pillows, is worth 13.5 trillion dollars in total.
Gold is one of the most valuable metals. Gold has been recognized throughout history as a store of value and safe haven asset. Currently, it is estimated that there are around 244 thousand metric tons of gold mined underground around the world.
Gold is generally preferred in financial markets as a safe haven asset during periods of inflation and uncertainty. Central banks and investors invest in gold to diversify their portfolios and protect the value of their investments. In periods of low uncertainty, investors switch to riskier assets such as stocks and crypto assets.
Apple’s value, which is not just about phone sales, is over 3 trillion dollars.
Apple is the world’s most valuable company by total market value as of December 2023. apple; It has reached this position because it is a company that offers services in the fields of computers, tablets, wearable technological products, internet music, movies and software, as well as iPhone phones.
The total value of Microsoft, famous for its Windows operating systems, is 2.76 trillion dollars.
We all love Microsoft; We know it as an American technology company that develops the Windows operating system, sells computer components, offers the Bing search engine, cloud solutions and e-mail services. However, there are also completely different issues that the company focuses on.
In fact, it is known that Microsoft has acquired more than 225 companies and invested in these companies by purchasing the stocks of 64 companies. The company has recently focused on artificial intelligence.
Saudi Aramco, the world’s largest oil production company, is worth $2.13 trillion.
Saudi Aramco is the national oil and gas company of Saudi Arabia. It is the world’s largest oil production company. It is responsible for the discovery, extraction and processing of oil and natural gas reserves. It has the world’s second largest proven crude oil reserves.
In short, if this company goes out of business one day, a major oil crisis may occur all over the world.
Google’s parent company Alphabet is worth $1.69 trillion.
Alphabet (Google) is the 5th most valuable company in the world. The company operates under the leadership of Sundar Pichai and serves a wide range of users worldwide with search engines, advertising, cloud services, hardware, software, artificial intelligence and biotechnology products.
The total value of Amazon, one of the ancestors of e-commerce websites, is 1.51 trillion dollars.
Amazon.com Inc.; is a leading American online retail company with a wide range of products. Although less well known, Amazon also offers cloud services, online advertising, digital streaming and artificial intelligence services. According to its own statements, the company has the largest collection of books, CDs and videos.
Although it is not as popular as gold, the market for silver, which is used in many places, is worth 1.31 trillion dollars.
Silver is a precious metal used in a wide range of applications, from industrial applications to jewelry. It is estimated that a total of around 1,751,000 tons of silver has been mined worldwide (CPM Group Silver Yearbook 2019). However, large amounts of silver were lost or destroyed due to losses from industrial practices.
Silver; It is used as an industrial material in electronics, photography industry, money printing, jewelry making and a number of areas due to its anti-bacterial properties. Additionally, silver is a popular store of value among investors, second only to gold.
NVIDIA, a leading company not only in graphics cards but also in many technological fields, is worth 1.17 trillion dollars.
NVIDIA Corporation; One of the largest companies developing graphics processors and chipsets for video cards, personal computers and game consoles. Recently, it has come to the fore with its artificial intelligence and digital twin studies.
The value of Meta Platforms, the company that started the social media trend, is 854 billion dollars.
Meta Platforms (formerly Facebook) is the 7th most valuable company in the world with a market value of $854 billion as of November 2023.
On October 28, 2021, the company changed its name to Meta Platforms, which it calls the technology of the future, to both fit into the Metaverse and bring its applications and technologies under one company. However, the company’s division focused on Metaverse technology called Meta Reality Labs has made a loss of $46.5 billion since 2019.
Meta Platforms calls itself a social technology company. In addition to social media, it also plays an active role in the field of digital communication. Among the companies it owns are applications frequently used in daily life such as Facebook, Instagram, Threads and WhatsApp.
Berkshire Hathaway, the company of Warren Buffett, one of the world’s most successful investors, has a valuation of $767 billion.
Berkshire Hathaway Inc. is an American holding company and is led by Warren Buffett, one of the world’s most successful investors. Warren Buffett is the 5th richest person in the world with a fortune of $106 billion, according to the 2023 Forbes rich list.
Sectors in which Berkshire Hathaway invests include insurance, energy, retail, financial services and manufacturing. Apple, Coca-Cola, General Motors and HP Inc. He has investments in companies such as. Among the sectors it invests in, it obtains the highest returns from insurance services and production companies.
So where do Bitcoin and crypto assets fall in this equation?
On November 10, 2021, the value of the total crypto asset market broke a record at $3 trillion. The biggest name behind this was Bitcoin. On the same day, Bitcoin price rose above $69,000, making its ATH (all-time high). That day, the total value of the Bitcoin market rose to 1.302 trillion dollars.
Fast forward to today, the total value of Bitcoin is around $855 billion, which puts Bitcoin above Meta Platforms in the list of largest assets and markets.
Additionally, the total crypto asset market is currently worth $1.58 trillion. Thus, the crypto asset market becomes a more valuable market than both the silver market and the Amazon company.
If the total valuations of the above assets and companies do not change and at the same time Bitcoin and the rest of the crypto asset market reach their levels on November 10, 2021, this will take the crypto market above the $ 3 trillion valuation. Thus, crypto assets will rank 3rd in the most valuable market rankings worldwide.
Increases above the $3 trillion valuation will not change the ranking of the crypto asset market. This is due to the $14 trillion gold market and the Forex market thought to be worth $2.4 quadrillion.
Still, if Bitcoin proves to the world that it is digital gold, it could attract some of the $14 trillion gold market. So maybe he can play 2nd in a situation.
However, until that day comes, it seems like the Bitcoin market will have to eat forty bakeries.
Sources: USGS, CompaniesMarketCap
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