Interesting comparison of Bitcoin price with major companies.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: HeRetiK on August 15, 2017, 06:29:20 PM

Quote from: RobJ on August 15, 2017, 06:18:41 PM

This chart freaked me out somewhat so I'm interested to get the opinion of some Bitcoin experts.
Bitcoin's total value has now surpassed most major corporations. In the past few weeks it's leapfrogged some of Wall Street's biggest names.
Is that a sign that things are getting crazy or is it natural that a new major currency player should be worth a lot more than even the biggest firms?

https://www.facebook.com/thesharesguy/photos/a.1918619358392204.1073741828.1872336579687149/1918618831725590/?type=3

Apples and oranges. Corporations make money and pay dividends, the other is money. Look at the gold market cap for a better comparison (and a glance at the moon).

Correct any business is just a small player in terms of the economy no matter how big, bitcoin is money and as such a better comparison will be not only against gold, but against the dollar and the top 20 currencies of the world, that comparison will show you the true potential of bitcoin and be a useful tool to those that are holding hoping for a price increase.

djuvantebit

member

Activity: 83

Merit: 10

Be a part of the revolution

Bitcoin and companies are not in the same category, companies have assets and liabilities, their stocks is influenced by micro and macro economics, less volatility and less exposure, company access the market for expansion and more value in their stocks. Bitcoin is in the class of gold, haven of investment

RobJ

newbie

Activity: 5

Merit: 0

Quote from: HeRetiK on August 15, 2017, 06:29:20 PM

Quote from: RobJ on August 15, 2017, 06:18:41 PM

This chart freaked me out somewhat so I'm interested to get the opinion of some Bitcoin experts.
Bitcoin's total value has now surpassed most major corporations. In the past few weeks it's leapfrogged some of Wall Street's biggest names.
Is that a sign that things are getting crazy or is it natural that a new major currency player should be worth a lot more than even the biggest firms?

https://www.facebook.com/thesharesguy/photos/a.1918619358392204.1073741828.1872336579687149/1918618831725590/?type=3

Apples and oranges. Corporations make money and pay dividends, the other is money. Look at the gold market cap for a better comparison (and a glance at the moon).

So I've just checked and the market cap of gold is around $7 trillion. So Bitcoin x 100 = gold. I guess it could happen! (probably by next month Wink

)

xaxistech

sr. member

Activity: 322

Merit: 250

Yes it is amazing how bitcoin is growing, and also is worth much more than some big companies. But you can not compare those with bitcoin, bitcoin is a currencie, those are on big big companies, that pays dividends and have many products. Bitcoin is just like gold, they are a new way to pay and hold money, that can be a passive income in a near future.
So they are two different things, but bitcoin has a lot of value right now, and it is getting more precious with the time.

HeRetiK

legendary

Activity: 2912

Merit: 2066

Quote from: RobJ on August 15, 2017, 06:18:41 PM

This chart freaked me out somewhat so I'm interested to get the opinion of some Bitcoin experts.
Bitcoin's total value has now surpassed most major corporations. In the past few weeks it's leapfrogged some of Wall Street's biggest names.
Is that a sign that things are getting crazy or is it natural that a new major currency player should be worth a lot more than even the biggest firms?

https://www.facebook.com/thesharesguy/photos/a.1918619358392204.1073741828.1872336579687149/1918618831725590/?type=3

Apples and oranges. Corporations make money and pay dividends, the other is money. Look at the gold market cap for a better comparison (and a glance at the moon).

RobJ

newbie

Activity: 5

Merit: 0

This chart freaked me out somewhat so I'm interested to get the opinion of some Bitcoin experts.
Bitcoin's total value has now surpassed most major corporations. In the past few weeks it's leapfrogged some of Wall Street's biggest names.
Is that a sign that things are getting crazy or is it natural that a new major currency player should be worth a lot more than even the biggest firms?

https://www.facebook.com/thesharesguy/photos/a.1918619358392204.1073741828.1872336579687149/1918618831725590/?type=3

Topic: Interesting comparison of Bitcoin price with major companies. (Read 335 times)