Bitcoin has achieved a historic milestone by surpassing the New Taiwan Dollar (TWD) in market capitalization, reaching $1.95 trillion and securing its position as the 12th largest global currency. This development highlights Bitcoin's growing dominance in the financial ecosystem.
Bitcoin's Market Cap Milestones
According to Bitcoin Magazine, when measured in BTC terms, Bitcoin's total valuation now stands at 19,785,378 BTC, exceeding the TWD's M2 money supply valuation of 19,760,251 BTC. Key insights:
- Global Ranking: Bitcoin now trails only 11 other currencies (e.g., USD, EUR, JPY) in total value.
- M2 Money Supply: TWD's M2—encompassing cash, deposits, and liquid assets—is valued at ~63 trillion TWD (~19.76M BTC), per Macromicro data.
👉 Discover how Bitcoin's market cap compares to other assets
Bitcoin as a Top Global Asset
Beyond currencies, Bitcoin has also overtaken Saudi Aramco ($1.917T) to become the 7th largest asset worldwide, per Infinite Market Cap. This places it ahead of major corporations and commodities.
Market Outlook: Bullish Momentum vs. Potential Correction
Current Trends
- Bitcoin surged to $99,000** this week, with analysts predicting a **$100K breakthrough by year-end.
- BTC dominance hit 61.6%, a 4-year high, signaling reduced reliance on altcoins.
Expert Warnings
Galaxy Digital CEO Michael Novogratz cautions:
"A correction is inevitable due to excessive leverage. Bitcoin may pull back but likely won’t drop below $80K—the pre-Trump election level."
He also advises against overexposure to leveraged BTC proxies like MicroStrategy:
"Direct BTC investment is safer than high-risk equities tied to it."
FAQs: Bitcoin's Rise Explained
Q1: How is Bitcoin's market cap calculated?
A: It’s the product of BTC price × circulating supply (e.g., $99K × 19.78M BTC ≈ $1.95T).
Q2: Why compare Bitcoin to M2 money supply?
A: M2 reflects a currency’s total liquidity, making it a fair benchmark for BTC’s utility as a store of value.
Q3: Could Bitcoin's rank improve further?
A: Yes. If adoption grows, BTC could challenge the Russian Ruble (#11, ~$2.1T M2) next.
Strategic Takeaways
- Diversification: Bitcoin is now a macro asset—consider its role in portfolios.
- Volatility Prep: Novogratz’s warning underscores the need for risk management.
- Regulatory Watch: Political shifts (e.g., U.S. elections) may impact crypto policies.
👉 Explore Bitcoin investment strategies for 2025
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