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Bitcoin’s capitalization is bigger than of some vast corporations

16 August 2017 21:00, UTC

Bitcoin persistently grows, right now (17.08.2017) it costs 4300.01 USD. Its capitalization has reached $73.5 billion when the price was even higher, tells the data from Coinmarketcap. What if it was a stock? CNBC did the math and tells that it would become the 74th biggest by market capitalization on the S&P 500, on the NASDAQ it would become the 24th.

The situation might change, but right now this cryptocurrency’s capitalization is $20 billion higher than Rosneft’s capitalization. Rosneft is one of the key corporations on the oil market, both in Russia and internationally. It’s even bigger than Gazprom (the capitalization of which is now $42.65 billion). As for American companies, the neighbors of Bitcoin in the S&P 500 list would be such big and respected companies as Netflix and Adobe.

This all tells that Bitcoin has proven its value to investors over the years, evolving from a project made by a small group of programmers, a project that many considered to be a hoax or a pyramid scheme, to a very perspective investment opportunity.