Article from CNBC by Arjun Kharpal.
Bitcoin’s market capitalization has surpassed major stocks such as Goldman Sachs and Morgan Stanley, after the cryptocurrency hit an all-time high on Friday.
The virtual currency hit a record high of $5,856.10 in the early hours of Friday morning, according to data from industry website CoinDesk. Its market capitalization, which is the total value of all the bitcoin in circulation, reached $96.7 billion, according to Coinmarketcap.com.
Of course, bitcoin is not a stock. But if it were, its market cap would surpass that of some big companies, including the following:
- BHP Billiton with a market cap of $96.6 billion
- Goldman Sachs with a market cap of $92.9 billion
- Morgan Stanley with a market cap of $89.1 billion
- Netflix with a market cap of $84.5 billion.
Read the entire article at CNBC.
Image Credit:Â By Web-dev-chris (Own work) [CC0], via Wikimedia Commons
