Bitcoin reaches historic high, reaches US $ 4,400 and is already worth as much as Netflix

Bitcoin renewed its historic high again on Tuesday (15) and is now beginning to equate with large publicly traded companies such as Netflix and PayPal. The price of the crypto-currency reached a record high of $ 4,483 This morning, according to CoinDesk data.

Despite the spike, the currency underwent a slight correction this afternoon, with a sharp decline of 8.3%, to $ 4,018. However, at its maximum, the digital currency came to have a total market value of $ 73.5 billion, as shown by Coinmarketcap.

According to CNBC, if bitcoin was a stock, it would be the 74th in market value among those that are part of the S & P 500, falling behind Adobe and Netflix, already leaving behind giants like PayPal and Salesforce. The first is worth about $ 73.6 billion today, while Netflix has a total value of $ 73.8 billion. On the Nasdaq, bitcoin would be the 24th largest stock.

The recent rally has been boosted by rising demand from Japan, which helps to increase the interest of institutional investors, and the fact that bitcoin is seen as a safe investment against geopolitical tensions.