Bitcoin Ranked 49th In the Forbes Global 2000 List

According to Coinmarketcap, as of July 30, the total market capitalization of Bitcoin (BTC) is $169 billion. The dominance level remains above 64%, demonstrating that the first cryptocurrency is still the market leader. However, if it were a company, Bitcoin would be in the 49th place.

According to the Forbes Global 2000 list, Apple was the largest company as of May 5, 2019, with a market capitalization of $961.3 billion, followed by Microsoft and Amazon with $946.5 billion and $ 916.1 billion, respectively. Each of these companies is about six times larger than Bitcoin. The same month, the cryptocurrency was placed at the 50th position in the Forbes list.

The situation has changed as of July when most companies submitted financial statements for the second quarter: Microsoft has surpassed Apple and is the only one that has exceeded $ trillion. In the updated list, which can be seen on the Value Today website, Bitcoin is fixed at 49th place between PetroChina ($172.5 billion) and the HSBC group ($168.9 billion).

This comparison shows that the cryptocurrency market is still only a minimal share of the stock market. According to the World Bank, the total value of all companies listed on stock exchanges of the world in 2018 amounted to 68.6 trillion US dollars. To date, the market capitalization of the entire cryptocurrency market is $264 billion. This suggests that the size of the crypto space is only 0.38% of the global stock market.

Image courtesy of Bitcoin Exchange Guide