31 Dec '17, 9am

#Cryptocurrencies Surpass World’s Top #Unicorns In #Valuation https://t.co/IItP2Sav7j

Valued at $505 billion, the world’s top 20 cryptocurrencies have overtaken the world’s top 20 billion-dollar startups by valuation—as pointed out in a tweet by Charlie Belillo, director of research at investment adviser Pension Partners. Bitcoin makes for nearly half the cryptocurrency pool, with a $212.7 billion market cap as of yesterday. In comparison, the top 20 startup unicorns are together valued at $465 billion, with the largest—China’s Ant Financial—at $70 billion. Cryptocurrencies have had a stellar run this year with bitcoin reaching as high as $19,511 on Dec. 18. While it has since plunged more than 30 percent to about $13,000, the price of a bitcoin is still 1,200 times higher than what it was on Jan. 1, 2017. The valuation of Uber, the second most valued unicorn, stands at $48 billion as of yesterday after an investor group led by Japan’s SoftBank Group Corp. ...

Full article: https://www.bloombergquint.com/technology/2017/12/31/star...

Tweets

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highsnobiety.com 22 Dec '17, 3pm

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