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Title: Bitcoin is bigger than Boeing! Post by: Bit4UTeam on November 30, 2017, 07:49:43 AM Bitcoin is now worth more than some of the world's biggest companies.
It's market cap has reached $167 billion, more than Boeing's $158 billion value. How do you think will it become an asset bubble? Title: Re: Bitcoin is bigger than Boeing! Post by: hatshepsut93 on November 30, 2017, 08:14:56 AM It's wrong to compare Bitcoin with companies because Bitcoin is not a company. And in economics no one goes around comparing market caps of gold and companies or currencies or commodities. Since Bitcoin has properties of currency or "digital gold", it can to some extent be compared with fiat currencies and real gold or other precious metals, but still there are many factors that make those comparisons not very useful, because Bitcoin is entirely new type of money, and also its market lacks liquidity, and the price can be quite volatile.
Title: Re: Bitcoin is bigger than Boeing! Post by: youghten on November 30, 2017, 10:43:17 AM Bitcoin is now worth more than some of the world's biggest companies. It's market cap has reached $167 billion, more than Boeing's $158 billion value. How do you think will it become an asset bubble? Because it is new technology (started at 2009) , increase fast (start "2015" and have huge one "2017") and it is "digital Money" any problem will make price back to zero Title: Re: Bitcoin is bigger than Boeing! Post by: Nilda on November 30, 2017, 04:19:57 PM You’re comparing apples with oranges. Bitcoin is a currency, Boeing is a company. No CEO for bitcoins. Someday planes ordered from Boeing can be paid using bitcoins. Passengers or these airlines can book flights using bitcoins.
Title: Re: Bitcoin is bigger than Boeing! Post by: dansmith_99 on November 30, 2017, 04:30:58 PM Guys chill out. He can make that comparison if he wants to. Its impressive that bitcoin, as new as it is, has raised its market cap so substantially.
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