Bitcoin has officially overtaken Saudi Aramco to become the world’s seventh-largest asset by market capitalization, reaching a value of $1.81 trillion. Bitcoin's surge past the oil giant comes during a notable period of growth, where it also surpassed Meta and silver in global asset rankings earlier this week. This achievement places Bitcoin behind only technology powerhouses like Nvidia, Apple, Microsoft, Amazon, and Alphabet in market cap.

The price of Bitcoin hit an all-time high of $91,500 on Wednesday, marking its fourth record in the past week as it’s value rose over 23% within seven days. Key factors fueling this increase include growing institutional interest and the re-election of President Donald Trump, who has pledged to reduce regulatory hurdles. Trump’s promise to create a "Bitcoin and crypto advisory council" and his commitment to advancing Bitcoin mining in the United States have bolstered investor optimism.

The ongoing bull market has driven further predictions of Bitcoin’s future value. Matt Hougan, CEO of Bitwise, recently projected that Bitcoin could reach a price of $500,000, emphasizing that it’s “still early” in Bitcoin’s potential. The increase in value is seen as part of a broader rally across financial markets, driven by anticipated policy changes under Trump’s administration, including potential tax cuts and a deregulatory approach to Bitcoin.

Although Bitcoin now holds a higher market cap than Saudi Aramco, valued at approximately $1.79 trillion, it still trails leading assets such as gold, which remains the world’s most valuable asset with a market cap of $17.6 trillion. The market is watching closely to see if Bitcoin can maintain its momentum, with analysts noting that ongoing regulatory support could propel Bitcoin even further in the asset rankings.

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