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Dear investors,

Today is going to be a short post about my thought about the current market. Today will be about short term price swings, in the long run I am condident that we will see bigger gains than we have now. In this post I will be comparing crypto valuations with existing companies. Although it's hard to put a valuation on cryptos, putting it next to many companies does create a rather asthonishing comparison.

Let's start with getting out the overall market cap of the whole crypto market.

Remarks:

• We are now at a 290 billion market cap
• When zoomed out we are still in an uptrend

Crypto vs Companies

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Below I posted the top 10 cryptocurrencies which we will comare with with well-known companies.

#Apple 930 billion
#Samsung 340 billion
#Macdonalds 162 billion
#Disney 160 billion
#Starbucks 73 billion
#Tesla 64 billion
#Sony 63 billion
#Toyota 24 billion
#SpaceX 21 billion

So looking at the sizes of these companies, I am quite shocked how the market has gone. I say again it's hard to valuate cryptos but if we look for example at macdonalds. Bitcoin in its peak was almost twice as big as macdonalds. And currently bitcoin is almost Sony and Tesla combined. And Ethereum is around 4/5th of Tesla and Sony. And is more worth than SpaceX and Toyota combined. EOS is half of SpaceX while it just start kicking off.

Looking at this I think we have yet to see the bottom. But on the other side we are still quite young and it could be possible to another bull run if the hype in crypto is ignited again in the short term.