Published On: Tue, Nov 28th, 2017

Bitcoin Now Worth More Than Nike, Disney, McDonald’s, and IBM

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Derided by most financial analysts for years, Bitcoin has surged dramatically in 2017 and now has a higher market capitalization that most corporations, such as Disney, Mastercard, Boeing, IBM, and McDonalds.
One measure of financial worth for a person is computing the sum total of the monetary value of everything they own. In the high-flying world of finance and huge corporations, this is done by figuring out what is called market capitalization, which is a fancy term for the market value of a company’s outstanding shares. For many financial analysts, it must be galling to acknowledge that Bitcoin now has a higher market capitalization than most major corporations.

Bigger Than the Mouse House and Mickey D’s
For those lucky enough to have bought Bitcoin at the start of the year, the current price of Bitcoin is a very good thing indeed. Bitcoin had been worth roughly $800 at the end of 2016, but it recently broke $9,000 and now sits at $9,700.
So, what does that roughly $10,000 per Bitcoin translate into when figuring out the cryptocurrency’s market capitalization? The full worth of Bitcoin now sits at a staggering $160 billion USD. While this total does not put Bitcoin into the …

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