Bitcoin has had a wild week. Today alone, bitcoin has swung from a low of $13,963 to a high of $17,153, and now sits at $15,285.
Despite the volatility, one thing is clear, bitcoin’s surge in price means its market cap is now greater than that of the world’s richest billionaires, as well as the GDPs of all but 41 of the world’s countries.
At its price as I write this, bitcoin’s market cap sits at over $267 billion. Here are a few things that bitcoin has eclipsed in terms of market cap.
The GDPs Of Chile & Finland
According to the World Bank’s World GDP Ranking, Bitcoin’s market cap is now greater than the GDPs of Chile (at $247 billion), and Finland (at $236 billion), as well as the GDPs all but 41 of the world’s countries.
Intel, Cisco & Comcast
Bitcoin’s market cap is now higher than three of the world’s largest companies.
Intel, the world’s biggest semiconductor company, has a market cap of just over $200 billion. Tech giant Cisco’s market cap is $184 billion. And Comcast, the largest broadcasting and cable television company in the world by revenue, has a market cap of $177 billion.
Twenty Aircraft Carriers
If bitcoin’s market cap could be used to buy a lot of military equipment…
The USS Gerald R. Ford was delivered to the U.S. Navy in May of this year, and was the first in a new class of nuclear-powered super-carriers. If all bitcoin investors pooled their bitcoins together, at a price tag of $13 billion, they could buy twenty and a half of these new super-carriers.
Bezos, Gates & Buffett
They may be at the top of Bloomberg’s Billionaires Index, but bitcoin is worth more than all of them. In fact, if just Bezos and Gates—who are the two richest people on the list—pooled their fortunes, they wouldn’t have enough to buy all of the bitcoin in circulation. They’d be about $80 billion short.