- Bitcoin is valued at more than many big organizations like Paypal, Netflix, Bank of America, Shopify, and McDonald’s.
- Bitcoin is placed in the top 20 assets by Market Capitalization worldwide.
- The cryptocurrency is on track as it is currently in the 21st position in the league.
Bitcoin is worth more than Paypal, Netflix, and Bank of America
The cryptocurrency is on track as it is currently in the 21st position in the league. According to Asset Dash, they have valued Bitcoin at $ 288 billion. The incredible amount that the crypto coin has grown into is what pushes it past all other gigantic cooperations.
If the digital coin company were to go much further up the ranking, it would beat Apple, Google, and Tesla.
Bitcoin shall divide and conquer
The digital coin is currently miles ahead of the Bank of America (BoA). The bank is down 30% from where it was at the start of the year. Bank of America has fallen because of its decreasing interest rates and loan defaults because of Covid-19.
The stock for the Bank of America has not been great as the treasury yield is falling amid the shaky election results. The growth the digital currency has experienced is a great leap for a 12-year-old project.
The climb suggests that the coin is well on its way to becoming mainstream. The crypto firm is included on the front cover of the r/investing community on Reddit.
The top three companies are Saudi Aramco followed by Apple, which has a capital worth of $469 billion, making it a tough one to top. Microsoft follows, which is worth just under $344 billion. Other companies at the top are Facebook, Walmart, Tesla, Visa, and JP Morgan and Co.