As the value of the pioneer cryptocurrency has surpassed the $10,000 level, the amount of bitcoins in circulation has become worth more than some major companies and even countries. Here are some facts about bitcoin.
According to the PwC rating of the 100 largest companies, with a $167 billion market capitalization, bitcoin is bigger than Citigroup ($165bn), IBM ($164bn), HSBC ($162bn) and Pepsi ($160bn). If bitcoin is compared to the Gross Domestic Product of countries, it has surpassed Algeria’s $156 billion and Qatar’s $152 billion.
If the digital currency gains another $250, it will become bigger than Iraq. If bitcoin were a country, it would be the 53rd wealthiest nation in the world.
Some 30 terawatt-hours of electro-energy were spent in 2016 on mining bitcoins, according to Digiconomist. The largest bitcoin exchange in the US, Coinbase, added about 100,000 accounts between last Wednesday and Friday — just around Thursday's Thanksgiving holiday — to a total of 13.1 million, CNBC reported
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