Bitcoin highs years soaring over two times the market capitalization exceeded GM
Although the stock market and bond market bubble concerns have been anxious enough, but it is hard to ignore the digital encryption currency market and the current bitcoin market.
Bitcoin currency continued to rise on Tuesday and hit a new high. During the year have soared by more than two times, compared with the standard & Poor’s 500 stock index over the same period in the composition of the best performance of VertexPharmaceuticals shares have only doubled.
Bitcoin on Tuesday hit a record $3486.73, which means a bitcoin enough to pay a good holiday spending. In contrast, a shares of Vertex is $154.82, enough for you to eat a meal of high-grade dinner.
The following figure shows a bitcoin value can buy things, including but not limited to 100 boxes of 22 pounds of Hass avocado.
The overall market capitalization of bitcoin now at about $56 billion, which has more than general motors (35.39,0.09,0.26%), only slightly lower than the Tesla (365.22,10.05,2.83%). Of course, compared with the world’s richest wealth still have some gaps. Bill Gate’s wealth at about $90 billion.
But need to remember is that the bitcoin end is the latest wave of the air, or to replace the innovative technology of legal tender, is still unknown.
Bank of America (24.9, -0.06, -0.24%) strategist, wrote in a report on Tuesday, despite the sharp appreciation of bitcoin to early proponents of huge profits, but uncertain gains can be sustained, sure, there is no way to predict it.