CRYPTONAIRE
WEEKLY CRYPTO investment journal
Bitcoin at $15K is now bigger than PayPal, Coca-Cola, Netflix, Disney
Bitcoin surged from $190 billion to around $280 billion in recent months, surpassing some big-name companies, including banks, by market capitalization. In early September of this year, the market capitalization of Bitcoin (BTC) was hovering at around $190 billion when the BTC price was hovering around $10,000. In the past two months, however, the price of Bitcoin rose from to over $15,000. With it, the market cap of Bitcoin surged from $190 billion to around $280 billion. This now makes Bitcoin more valuable than most major U.S. companies.
Bitcoin is equivalent to the 18th largest commercial company in the U.S. If Bitcoin’s valuation is compared to publicly-listed firms in the U.S., it would match the 18th biggest firm. The 17th largest company in the U.S. is Home Depot with a market cap of $306 billion. Verizon falls behind it with a $242 billion valuation, leaving a large gap in between. Since the market cap of Bitcoin is currently around $280 billion, it is larger than all of the companies in the U.S. outside of the top 17. Companies that Bitcoin surpassed in recent months include some big names such as Netflix, PayPal, BofA, Coca-Cola, Salesforce and Disney. Read more...
Cryptonaire Weekly | November 10th 2020
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