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Bitcoin Equals Netflix In Total Market Cap

Bitcoin

Bitcoin has grown in recent times and it has gained further more prominence. The growth has also helped it come equal to the valuation of some large firms.

Bitcoin dominates the market and is the largest cryptocurrency by market cap. The market cap is usually evaluated by adding up the value of all outstanding shares, tokens, or coins multiplied by the current market price.

By adding these values, Bitcoin is currently at $216 billion and continues to grow larger. It is expected that Bitcoin might reach a total which is not seen since 2018.

Currently the Bitcoin cap is on par with Netflix, a household name, that stand at the head of their respective industries. 

In December 2017, the marketcap for Bitcoin was $300 billion. It has been estimated that if prices continue to grow at the same rate it might touch JP Morgan Chase and Mastercard, at market caps of $302 billion and $328 billion, respectively.

However, as of now it seems like a distinct dream. Most companies with market caps in the billions have spent decades building up their business, investing millions to build up proprietary infrastructure and business practices.

All the more impressive, then, that Bitcoin and Ethereum have risen to compete in overall valuation with some of the most well-known businesses in the US and across the world in a fraction of the time with completely open-source code and organically grown communities.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.