Post
Topic
Board Bitcoin Discussion
Re: Blockchain bite: After Tesla, will Bitcoin see "reflexive" purchases?
by
pooya87
on 10/02/2021, 05:45:31 UTC
This time the market value of Bitcoin is estimated at 834.2 billion U.S. dollars, which is more valuable than all listed companies in the world except seven
You are comparing apples and oranges here. Bitcoin is not a company nor does it have shares. It is a currency and if you want to compare it with anything you should only compare it with other currencies. Additionally since bitcoin is not one nation's currency but a global currency you should add the value of ALL currencies in the world together and then compare bitcoin's total value with that sum.
US alone has $90 trillion (that's when you include "broad money" not just bank notes and coins). That's just US, when you add other countries the total comes to some ridiculous number!
Meanwhile bitcoin is barely reaching billions.