Bitcoin Beats Coca-Cola: BTCs Market Cap Now Higher Than Everyone’s Favourite Pop Drink
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Over the past few weeks, the leading Cryptocurrency has seen some very bullish behaviour. During this bullish activity, the market capitalisation for bitcoin has surpassed that of Coca-Cola and Intel. These are some of the biggest companies in the world with
coca-Cola being a household name for decades now.
At the end of last month, there was a serious round of bullish activity on the market for bitcoin which saw it significantly increase, flying past the $200 billion threshold. With this in mind, the leading crypto currency is currently worth more than shares of major global companies such as the aforementioned Coca-Cola and Intel.
Ever since March, the markets for Coca-Cola have been trailing below $200 billion. This is mainly due to the coronavirus and the uncertainty brought about from it. For Intel, one of the biggest global tech companies in the world saw a noticeable decline over the last week as they posted a disappointing third-quarter earnings guidance on the 22nd of July. But when it comes to bitcoin, things are looking up. There have been many bullish moves this year, up more than $80 billion since the 1st of January. Who knows what the future will hold?