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Author Topic: [2016-06-12] cointelegraph. com | Bitcoin Valued at More Than Twitter Inc  (Read 325 times)
eye4bd (OP)
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June 12, 2016, 05:07:12 PM
 #1

Bitcoin Valued at More Than Twitter Inc, Crosses $10Bn in Market Capitalization

Heavy demand in China has propelled bitcoin's price to $643 and the total value of all bitcoins in circulation to $10 Bn, which is higher than Twitter Inc’s market capitalization ($9.5 Bn)....

http://cointelegraph.com/news/bitcoin-valued-at-more-than-twitter-inc-crosses-10bn-in-market-capitalization

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June 13, 2016, 01:41:47 AM
 #2

Bitcoin Valued at More Than Twitter Inc, Crosses $10Bn in Market Capitalization

Heavy demand in China has propelled bitcoin's price to $643 and the total value of all bitcoins in circulation to $10 Bn, which is higher than Twitter Inc’s market capitalization ($9.5 Bn)....

http://cointelegraph.com/news/bitcoin-valued-at-more-than-twitter-inc-crosses-10bn-in-market-capitalization




$10 Bn is a significant milestone. Crossing Twitter's market capitalization isn't.
Think of the obscene valuation you would give, if somebody asked you to value the internet.
Bitcoin is something similar.


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June 13, 2016, 06:23:04 PM
 #3

But will bitcoin not come back to its usual $500 with time? I mean the rise in price is partly due to the approaching halving, when that is over, the $10 billion mark might also be over... Undecided Undecided

Not that I am a prophet of doom.
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