As Bitcoin reaches an all-time high of $9,721 USD per unit, the cryptocurrency’s market cap is now worth more than IBM, McDonald’s and Disney. With over 16.7 million units in circulation at the moment, the total value of Bitcoin now stands at a staggering $160 billion USD.
Although the legitimacy of the modern currency is still up for debate, hedge funds are beginning to include Bitcoin into their portfolios as a single coin is presently worth more than seven ounces of gold. Despite the lucrative prospects the cryptocurrency holds many industry insiders are warning a bubble burst is near after seeing a 1,195 percent spike this year. As Bitcoin nears the $10,000 USD mark, stay tuned for more news regarding the cryptocurrency.
Also, learn more about the WhopperCoin cryptocurrency Burger King recently launched to modernize its fast food transactions.
Bitcoin’s market cap just passed Disney’s.
— Charlie Bilello (@charliebilello) November 26, 2017