Bitcoin is now the eighth most valuable asset in the world, surpassing silver.

BTC Price Index and Live Chart – CoinDesk”>(BTC) valuation shot to $1.42T, above that of sliver at $1.387T, according to CompaniesMarketCap.

In the early stages of this bull run, Bitcoin surpassed Meta’s (formerly Facebook) market cap which is now $1.2 trillion.

The seventh-most valuable asset on the planet, Alphabet parent Google, is next in line for bitcoin. Its current valuation is just under $1.7 trillion. Some bitcoin bulls are aiming for the most valuable asset in the world, gold with its $14.7 trillion valuation. Bitcoin would need to increase more than 10 times, or pass $720,000 per token, in order to reach this level.

In a morning report, Matteo Greco said that the price movement was fueled by BTC Spot Exchange Traded Funds. In response, the London Stock Exchange decided Monday to receive applications bitcoin and ether ETNs.

Stephen Alpher edited the book.