Bigger, Stronger, Better
Nevertheless, bitcoin provides a useful snapshot of where bit coin is at right now, and of how far its come. It’s also a helpful way of quantifying an intangible asset.It was four years ago today that bit coin surged past $1,000 for the first time. That milestone seems quaint now: bitcoin has gained $100 billion in the last month alone. The virtual currency is officially now bigger than several venerable institutions and major countries.
Bitcoin surged past PayPal weeks ago, and is on course to double the market cap of the payment processing company soon.
The world’s most famous fast food company has a market cap of $135 billion. Bitcoin, at $163 billion, looks supersized in comparison.
The enterprise computing giant has a market cap of $140 billion. Bitcoin is worth almost $25 billion more.
Disney
The current value of all Walt Disney stock is $155 billion. Who needs Disneyland when you’ve got the bitcoin rollercoaster?
General Electric
You might have heard of GE; they were once the largest company in the world and still retain almost 300,000 employees. Bitcoin, on the other hand, has zero official employees, and yet is worth several billion dollars more.