Bitcoin Has a Higher Market Cap Than All Public Companies But 17

Bitcoin Has a Higher Market Cap Than All Public Companies But 17
HeadlinesNewsBitcoin Has a Higher Market Cap Than All Public Companies But 17

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Bitcoin Has a Higher Market Cap Than All Public Companies But 17

NewsBTC1 week ago
Published on November 22, 2020 05:00 GMT+0edited on November 22, 2020 05:08 GMT+0

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Bitcoin has seen a strong surge over recent weeks amid a muted background for the stock market. The price of the leading cryptocurrency has rocketed higher by approximately 70% in the past five weeks while the S&P 500 has only gained a few percent over that same time frame.

This rally in the price of BTC against other assets has allowed it to set some interesting milestones. For context, the market capitalization of Bitcoin is basically at all-time highs despite BTC being slightly shy of its all-time highs.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Bitcoin Surpassing Many Top Companies 

As noted by Anthony Pompliano, an investor in the cryptocurrency space, the number of companies (public) that have a bigger market capitalization than …