Bitcoin, the world’s largest cryptocurrency, currently has a total market value that is higher than that for both Coca-Cola and Intel.
Bitcoin has been doing well lately. Although the cryptocurrency fell sharply on Sunday, it is still trading at just over $ 11,200.
This means that bitcoin’s total market value is currently just above the slightly inconceivable figure of 208 billion dollars, figures from Coinmarketcap show .
This is how bitcoin stands up to the giants
To put that figure in perspective, the crypto site Cointelegraph has compared this figure with the total market value of a couple of the world’s largest companies.
Far to Apple
To another of the world’s most valuable companies, Apple, however, bitcoin still has a long way to go. The hardware giant currently has a total market value of 1.8 trillion (or if you prefer: $ 1.8 trillion), figures from Macrotrends show .
For bitcoin’s total market value to reach even one trillion dollars, a price of about 50,000 dollars is required – something that, according to some experts, is certainly not impossible at all .