Bitcoin is not a company so it's not useful to compare its market capitalization to the total asset value of an actual company like MasterCard. You are making an apples-to-oranges comparison.

Assets are defined as things that can be sold for liquidating a company, you cannot sell off (liquidate) all the bitcoins that exist and expect its market value to stay the same while you do that, the market capitalization "assets" will surely go into free fall. That's why Bitcoin's market value can't be considered as corporate assets.

The word "assets" is a bit misleading, that's the equity, JPM has 3.2 trillion in assets.


Best it's to compare it to things like itself, that will be...eth, andBTC is already 6 times bigger.  
But really, those kinds of comparisons will always have flaws, been companies of the same business type have misleading valuations, based more on the possible value than the actual value or the number of clients or assets or anything else, Tesla is one of those, for example, one out of hundreds.

The scary part about it is that there are some useless coins that have a bigger market cap than companies with a solid business with dedicated customers and a known brand behind it while most of all those coins will be gone and dead in a few years.

In order to compare BTC with other and different markets, I don't think it is necessary because the market is different from the peer like Mastercard.
And it is true that the word asset can be misleading in my opinion.

The title actually blows the mind. Surely,it means a lot for the bitcoiners. The previous record of bitcoin says that it is changing the  people mind into digitalization and day by day it is increasing a lot. So,this is crossing the moon hieght.

I expect much more from Bitcoin taking into account that it is an asset and not a stock. However only by small and steady steps you get the trophy.

I'm wondering if JP Morgan will declare anything once Bitcoin overpasses them. I think we'll see that happening soon.

Some people would probably use this fact to say that Bitcoin is better than Mastercard, but actually Bitcoin is still incredibly far from even becoming Mastercard's competitor, since so little payments are done with it. Usually, when someone compares marketcaps and performance of two stocks in the same field, they imply that one company is doing better than the other and has more investor faith in it, but you can't say the same about Bitcoin, which is right now mostly a speculative asset.

They don't have to declare anything if Bitcoin surpasses their entire market cap value. It's already known that they're also into bitcoin after their CEO once told that bitcoin is a fraud.

And we got some interesting news and claims again from him.

‘Not My Cup of Tea’: Jamie Dimon Is Still Not a Bitcoin Fan

As speculative asset, people want to buy, hold and take profit. The usecase as transaction mean is not common with bitcoin. I do know people use bitcoin for transaction but there are other means to move money and bitcoin is one of them. I don't think bitcoin is the most favorite cryptocurrency for people to move their money. Tether USD is an example. Before 2020, people use ERC20 chain to move USDT or OMNI layer on bitcoin network. This year, with the growth of TRON and acceptance to list the coin and include its chain and contracts as means for deposits and withdrawals on exchanges, people have more preference to use TRC20 for their USDT transactions.

I don't suggest people to move their money with altcoins (but they do it everyday in life) as altcoin networks have smaller hashrates and are more easily to be attacked. Lightning network can derivative products and adoption for LN can help bitcoin is used more regularly for transactions.

I agree that although it may not look it, BTC is actually bigger than a lot of corporations and even entire economic systems like the GBP.  So hearing that it is now closing in position to JP Morgan and VISA is not that surprising to me. All of these factors though should add up to fuel BTC's mass adoption.