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In the letter
- Bitcoin is now the 20th largest asset by market capitalization.
- This is according to AssetDash, a site that tracks key global assets.
- Many of the other companies on the list have been heavily influenced by Bitcoin.
With a market capitalization of nearly $ 300 billion, Bitcoin is now the 20th most valuable asset by market cap, according to AssetDash, a site that tracks this sort of thing.
Bitcoin pushed home improvement retailer Home Depot to take 20th position and has already beaten Verizon and PayPal (possibly that is because PayPal is starting to offer Bitcoin). Still to be conquered are the payment companies Mastercard (18th) and Visa (11th).
Bitcoin reached the 20th position after its price exploded to $ 16,117, an increase of more than $ 5,000 since the beginning of October, when its price was about $ 10,500 and its market capitalization (the sum of a coin’s price and total circulation) was about $ 200 billion.
Bitcoin has already affected almost all the companies that precede it. NVIDIA (17th) is fighting a lawsuit that the graphics card company did not explain how much it relied on Bitcoin mining hardware.
JPMorgan (15th) is building its own cryptocurrency, JPM Coin and Facebook (5th) has tried damn launch your own global world currency project, Libra. Walmart (10th) tracks its lettuce on the IBM-built supply chain blockchain system (88th).
Elon Musk, CEO of Tesla (12th) tweets about Bitcoin every now and then and recently pushed the price of his favorite Bitcoin Dogecoin spinoff up after acknowledging its fetid existence. Warren Buffett’s Berkshire Hathaway also owns Bitcoin – well, he hates the stuff, but he got one from TRON CEO Justin Sun.
Ethereum falls behind in 199th position. Tether, the US dollar stablecoin company, is far behind at 545 °. XRP is 754 °.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
