Posts

Showing posts with the label Bitcoin's Market Cap

At $160 Bln, Bitcoin's Market Cap is Larger Than That of Once World's Largest Company

Image
Bitcoin has surpassed the market cap of General Electric, which was once the largest company in the world, by $30 bln. View image on Twitter Charlie Bilello ✔ @charliebilello At $160 billion, Bitcoin's market cap just passed GE's. Yes, that GE: Founded in 1892 Once the largest company in the world 295,000 employees $123 billion in revenue $ BTC.X   $ GE 9:06 AM - Nov 27, 2017   79 79 Replies     867 867 Retweets     1,190 1,190 likes Twitter Ads info and privacy GE, with a $123 bln annual revenue and 295,000 employees globally, still remains as a leading US-based conglomerate. In July of 2016, the market valuation of GE briefly surpassed $300 bln, nearing the market cap of other major firms like  JPMorgan . But, since 2015, GE has struggled, as its market cap fell by nearly 50 percent. Meanwhile, since 2015, the market cap of Bitcoin has increased from $2.5 bln to $185 bln, by 74-fold. Unfair c