The market capitalization of the most popular cryptocurrency, Bitcoin, has surpassed the market value of many large companies and financial holdings.
In particular, over the past few days, Bitcoin has bypassed the capitalization of such world-famous giants as Netflix ($ 84.5 billion), Morgan Stanley ($ 89.1 billion), and Goldman Sachs ($ 92.9 billion).
As CNBC notes, in its total market value, Bitcoin could take the 15th place in the Nasdaq index and the 58th line in the NYSE listing.
Today, on October 13, Bitcoin came close to the psychological mark of $6000, but then the quotation fell to $5680 at the moment of writing. The capitalization of the cryptocurrency at the moment exceeds $93 billion.
On Friday, Bitcoin went up by $244 or 4.50% to $5,684 amid rumors of new rules for regulating trade in China’s cryptocurrency market. At one point, the quotation reached $5,874.
On Thursday, Bitcoin for the first time in its nine-year history exceeded the $5100 level amid rumors that trades in China could be continued with the introduction of additional rules.
Analysts believe that the high demand for Bitcoin can also be associated with the upcoming hard fork, which will lead to the creation of Bitcoin Gold. Bitcoin owners will receive Bitcoin Gold automatically.
Many prominent businessmen and officials begin to show interest in Bitcoin and cryptocurrencies in general. The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, said yesterday that cryptocurrency might show an incredible jump during this period.
However, there are enough people on the other side of the line. In Russia, Vladimir Putin said the coin posed some risks.
Bitcoin Cash has fallen in price by 0.56% to $308.99, and Ethereum has risen in price by 8.46% to $328.75.