Bitcoin is Bigger Than: #2 | Bitcoin Crosses the $335B Market Cap for 1st Time. BTC is Bigger than IBM, McDonald's, Goldman Sachs, IBM, and Ford.

in #bitcoin7 years ago (edited)


A series to show how large the crypto currency is, compared to other well known things in the world, to help translate and show value and perspective!

It is a TLDR / Short Form Series, covering ONLY that topic

It is specifically designed this way to keep it short and simple.


People can then search out extra info if they wish, or share this relevant info / company names with people to help show the growth, reality and legitimacy of $BTC/$XBT and cryptocurrency!


I've never seen a regular series or resource running on Steemit to continually address this basic need so I decided to do it.


With BTC (Core/Legacy chain only) crossing the $200B market cap just Dec. 5th, 2017 ago for the 1st time (aprx. 1:30 pm UTC time or 8:30 am EST) and with more countries relaxing rules for its use, it is a real thing.

Today 2 weeks later (Dec. 19th, 2017, 2:50 pm EST) --- we literally crossed the $335B mark a few days ago.... JUST for the one Bitcoin chain -- and we just crossed the total crypto market cap of HALF A TRILLION $$ now around the same day.


Today that is over .6 TRILLION. (12/19/2017)

-- meaning over $600B.


BTC crossed the $300B market cap / 1st time on Dec. 8th, approx. 12:15 am UST/ or ~7:15 pm EST



BTC began the year at about $15.5B total market cap and we have not included the forks of BTC in these numbers either!


1 Year Bitcoin (Core/legacy chain) Chart:


-- With the $200 billion mark now long eclipsed, it's overtaken giants like Oracle ($201 billion), and major drug maker, Pfizer Inc. ($213 billion).


1 Month Chart for BTC - Note days ago, we DID cross the $300B Market Cap:


Bitcoin is Bigger Than:


This Week's List!

Source

-- Bank of America with a 307.3B Market Cap!


Previous Weeks!


-- General Electric (Market cap: $157 billion)

-- Walt Disney (Market cap: $154 billion)

-- McDonald's (Market cap: $134 billion)

-- IBM (Market cap: $140 billion)

-- Goldman Sachs (Market cap: $95 billion)

-- Target (Market cap: $31.8 billion)

-- American Airlines (Market cap: $27.7 billion)

-- Ford Motor Company (Market cap: $43.5 billion)

-- Deutsche Bank (Market cap: $37.7 billion)



Some of the Backstory/History:


20 years ago a Florida man paid someone in Bitcoin to deliver him two Papa John's pizzas--which may go down as the worst financial transaction of all time.

Today, a slice of Pizza will cost you still a few dollars, as opposed to the price of Bitcoin which is now touching $12,000 $USD.

Look up Bitcoin Pizza Day: A Yearly Celebration for the $20+ Million Pizza Order)

The biggest player in the cryptocurrency market, Bitcoin, set another record when its total value topped $200 billion for the first time Dec. 5th/2017 as discussed earlier.


Past Episodes:

https://steemit.com/bitcoin/@barrydutton/bitcoin-is-bigger-than-e-1

https://steemit.com/bitcoin/@barrydutton/crypto-history-bitcoin-crosses-the-usd300b-market-cap-for-1st-time-btc-is-bigger-than-mcdonald-s-ibm-goldman-sachs-ibm-and-ford


Trading Candle Cheat Sheet:

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Further Reading/Source/Resources


Friend of the People -- Enemy of the State.

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Thanks for reading, have a nice day.


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https://steemit.com/hohono/@barrydutton/hohono-steemit-christmas-series-9-or-7-day-photo-challenge-with-friends-you-are-invited-too-complete-rules-in-post

https://steemit.com/money/@barrydutton/investment-language-101-series-term-of-the-day-what-is-inverse-transaction-or-e-38-or-trading-candle-cheat-sheet-incl-each

https://steemit.com/bitcoin/@barrydutton/25r31b-crypto-101-video-wcn-bitcoin-morning-brief-w-jimmy-song-tone-vays-daily-stream-from-today-30-mins-or-bitcoin-morning-brief-w

https://steemit.com/homesteading/@barrydutton/7pvmnf-steemit-exclusive-christmas-giveaway-contest-advance-notice-i-will-be-giving-away-a-swiss-army-knife-shortly-tied-to-my-offgrid

https://steemit.com/bitshares/@barrydutton/breaking-by-the-numbers-or-today-we-saw-more-history-together-total-crypto-market-cap-crossed-the-6-trillion-usd600b-mark-for

https://steemit.com/litecoin/@barrydutton/litecoin-skyrock-smashes-past-usd350-again-then-usd360-today-to-new-ath-s-closing-in-on-moon-fast-i-love-you-usdltc

https://steemit.com/bitcoin/@barrydutton/dec-18-2017-bitcoin-in-canadastan-remains-around-usd24-000-usdcad-again-usd19-200-usdusd-or-1-year-ago-it-had-just-broken

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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.

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@barrydutton BTC market cap of 1 trillion by end of 2018! Happy riches everyone

Market Cap Keep Increase Crazy Every Day Lot Of Money Pumped into the market , Lot Of People Start in Cryptocurrency & Try To benefit From it :) Also The King " Bitcoin " Has great value in name " Many People Know Just Bitcoin " & it's increasing always People Start Unsing it as Store Of value Than Banks So Bitcoin Take Half of Market Cap & More :)

Given its transaction delays and lack of functionality, I am not sure BTC is the ultimate answer to government coercion and corruption, but I am pretty sure that crypto generally will be a valuable weapon in fighting government tyranny.

BTC should be looked at as a store of value and not a currency IMO!

  • Word good info to know,

    MikQuote™

Not surprising, those corporations are nationalist in outlook, whereas bitcoin is global. Yet still in its infancy, in time bitcoin might out do all corporations put together.

What a way to put things into perspective. The rise in price has been unlike anything I've seen in my lifetime. The price is down a bit today, but for whatever reason I think this bull has more wind left in it.

I posted a link to your amazing work at https://honeybadgerdaily.com/ I hope that you don't mind. Cheers!

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