At $ 15,000, Bitcoin is now bigger than PayPal, Coca-Cola, Netflix, and Disney

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In early September of this year, Bitcoin’s market cap (BTC) was around $ 190 billion when the BTC price was around $ 10,000.

However, in the past two months, the price of Bitcoin rose from over $ 15,000. This increased Bitcoin’s market capitalization from USD 190 billion to around USD 280 billion. This now makes Bitcoin more valuable than most large US companies.

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Bitcoin’s weekly price chart. Source: TradingView.com

Bitcoin is the 18th largest trading company in the US.

When the valuation of Bitcoin is compared to publicly traded companies in the US, it is the 18th largest company.

The 17th largest company in the US is Home Depot with a market capitalization of $ 306 billion. Verizon is falling behind with a valuation of $ 242 billion, leaving a huge gap in between.

Since Bitcoin’s market cap is currently around $ 280 billion, it is larger than any company in the US outside of the top 17.

The companies that Bitcoin has surpassed in the past few months include some big names like Netflix, PayPal, BofA, Coca-Cola, Salesforce, and Disney.

Top Companies in the US by Market Cap. Source: Dogs of the Dow

Bitcoin still lags behind the three largest financial institutions in the US, namely Visa, Mastercard and JPMorgan, by rating. For the top cryptocurrency to outperform all three, it would have to hit $ 23,000 or a market cap of $ 426 billion.

However, the price of BTC must be around $ 120,000 for Bitcoin to catch up with Apple, the world’s most valuable company with a market cap of $ 2 trillion.

Investors are becoming aware of the asymmetrical risk-return potential of Bitcoin

Meanwhile, analysts expect BTC to rebound over the course of 2020 and early 2021, and expect BTC to enter pricing and make new all-time highs.