Bitcoin Hits All-Time High, Now Worth More Than Disney, McDonald’s, IBM
By Yoon Sann Wong, 29 Nov 2017
With cryptocurrency surging ahead, it’s no wonder that even Burger King launched its very own version in August called ‘WhopperCoin’.
On Monday, bitcoin rose to an all-time high of $9,721. Its worth is now more than seven times an ounce of gold, with a market cap that has surpassed that of Disney, McDonald’s, and IBM. The total value of the 16.7 million bitcoin units currently in circulation amounts to more than $160 billion.
The price, however, has been volatile and investors have been warned about an impending bubble. Learn more about bitcoin and whether it could be a bad investment here.
Bitcoin's market cap just passed Disney's.— Charlie Bilello (@charliebilello) November 26, 2017
Yes, that Disney:
12 Theme Parks, 51 Resorts, 387 stores
$55 billion in revenue$BTC.X $DIS pic.twitter.com/ka16BZ2VAn
[via The Guardian, main image via Shutterstock]
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