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BITCOIN IN TOP 50 LARGEST COMPANIES IN THE WORLD

BITCOIN IN TOP 50 LARGEST COMPANIES IN THE WORLD


As of July 30th, Bitcoin’s total market cap is at $169 billion, according to Coinmarketcap data. The dominance level maintains above 64%, demonstrating that Bitcoin is still the boss in the cryptocurrency market. However, if it were a company, Bitcoin would be on the 50th place.

According to the Forbes Global 2000 list, which includes 2,000 largest public companies in the world, Apple was the largest company as of May 5, 2019. The iPhone maker boasted a market cap figure at $961.3 billion, followed by Microsoft and Amazon with $946.5 billion and $916.1 billion, respectively. Each of these three companies is about six times larger than Bitcoin.

The cryptocurrency would be placed on the 50th position in the Forbes list, between HSBC Group ($175.5 billion) and Citigroup ($161.1 billion).

The situation has changed as of July when most of the companies already presented their financial reports for the second quarter. Thus, Microsoft outperformed Apple and is the only one to exceed the $1 trillion mark as of today. In the updated list, which can be seen on Value Today website, Bitcoin would be on the 49th place. It would follow PetroChina $172.5 billion and precede HSBC Group $168.9 billion.

Bitcoin’s market cap peaked at over $232 billion in July. That figure would have helped the cryptocurrency be the 26th largest company as per the Forbes Global 2000 list.

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