03 Dec '17, 12pm

At $160 Bln, Bitcoin's Market Cap is Larger Than That of Once World's Largest Company

At $160 Bln, Bitcoin's Market Cap is Larger Than That of Once World's Largest Company

Bitcoin has surpassed the market cap of General Electric, which was once the largest company in the world, by $30 bln. At $160 billion, Bitcoin's market cap just passed GE's. Yes, that GE: Founded in 1892 Once the largest company in the world 295,000 employees $123 billion in revenue$BTC.X $GE pic.twitter.com/XDqjW2l5Ns — Charlie Bilello (@charliebilello) November 27, 2017 GE, with a $123 bln annual revenue and 295,000 employees globally, still remains as a leading US-based conglomerate. In July of 2016, the market valuation of GE briefly surpassed $300 bln, nearing the market cap of other major firms like JPMorgan . But, since 2015, GE has struggled, as its market cap fell by nearly 50 percent. Meanwhile, since 2015, the market cap of Bitcoin has increased from $2.5 bln to $185 bln, by 74-fold. Unfair comparison As a store of value and a digital currency, the market valua...

Full article: https://cointelegraph.com/news/at-160-bln-bitcoins-market...

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