The surge in bitcoin’s price on Friday has propelled the cryptocurrency past Facebook’s market cap. Next, bitcoin stands to flip Tesla, Google, Amazon, Microsoft, and then Apple.
Bitcoin Surpasses Facebook in Market Cap
Bitcoin’s frequent rise past all-time highs this week has made the size of the cryptocurrency larger than Mark Zuckerberg’s Facebook.
The price of bitcoin broke another all-time high early Friday morning, reaching $41,970. At the time of writing, BTC stands at $41,147; its market cap is about $770 billion while Facebook’s market cap is approximately $752 billion. Gemini cryptocurrency exchange’s founder Cameron Winklevoss commented:
Bitcoin has surpassed Facebook in market cap. Makes sense that a money network would be more valuable than a social network.
List of the largest public companies by market cap compared to bitcoin. Source: Assetdash.com
The Winklevoss twins have been major holders of bitcoin since April 2013 when they bought $11 million worth of BTC, an equivalent of a full 1% of