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Apple’s market capitalization shows how small cryptocurrencies are staying

September 5, 2020

While the crypto space has seen tremendous growth over the past decade, This asset class still has little value when compared to traditional markets, especially given giants like Apple.

Apple stock (AAPL) has an exorbitant market cap of $ 2 trillion, dwarfing all of the hot money in the crypto space. which is only USD 342.8 billion at the time of this writing, agree with the CoinMarketCap data.

The crypto industry went from a simple concept to a billion dollar invested company in 2008 with the birth of the Bitcoin whitepaper. Bitcoin rose from less than $ 1 per coin to its all-time high of $ 20,000. with a market cap of approximately $ 194 billion at the time of this writing.

Apple’s market capitalization shows how small cryptocurrencies are stayingApple’s market capitalization shows how small cryptocurrencies are staying

Still, the entire industry is still at a fraction of the size of Apple’s total inventory. lThe overall market capitalization of the blockchain industry could triple and still miss Apple’s market valuation.

The tech company known for driving the smartphone revolution currently has the largest capitalization on the US stock market, according to Data by TradingView. “It will be the first US publicly traded company to reach a market capitalization of $ 2 trillion.” said CNBC on Apple in a nutshell August 19th.

At this point in time, Bitcoin itself has reached parity with the wealth of Jeff Bezos. Both of these fortunes have collided in terms of the total value of the US dollar in recent months.

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