With a market value of over $ 500 billion, Bitcoin is now the world’s largest financial service

These days, news centered on Bitcoin ciphers have spread across the web. The price of bitcoin has broken records several times in recent months, and this trend seems to be continuing. Market analysts say that Bitcoin is theoretically the 11th largest company in the world today in terms of market value, and is higher than well-known companies such as Samsung, Walmart, Berkshire Hathaway, Coca-Cola and others.

According to official news, Bitcoin is now the largest financial service in the world and its market value is from Visa (Visa) has passed. According to the latest Companiesmarketcap data, the bitcoin market value is currently $ 508.97 billion and the Visa market value is $ 460.06 billion.

At the time of writing, according to data released by Coindesk, the price of bitcoin has crossed $ 27,000 and reached its highest point in history. At first glance, Bitcoin and Visa are not comparable; Because one of them is Peer-to-Peer software system and the other is a non-profit business. But if Bitcoin were a company, it would be the 11th largest company in the world today.

Alfred F. Kelly Jr.In an interview with CNBC last month, the chairman and CEO of Visa announced that Visa is very interested in cryptocurrencies. The financial institution is said to be currently working with 25 border companies around the world and plans to include visas in their systems. In such systems, the user can convert Fiat currency-based cryptocurrencies into money and use them wherever a visa is accepted.

In the midst of a significant increase in the price of bitcoin, Brian ArmstrongCo Coinbase CEO and co-founder recently warned investors about the inherent risks of investing in Bitcoin. He says it can never be fully believed that “investing in cryptocurrencies is not risk-free”; For this reason, investors need to pay close attention. He says the value of the bitcoin market is rising and falling much faster than other financial markets.

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Bitcoin price on December 27, 2020 in Google search

The price of bitcoin at the time of writing is according to the Google search page

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As of December 27, 2020, the top 10 financial services companies ranked lower than Visa include JPMorgan Chase worth $ 379.56 billion, Mastercard worth $ 334.96 billion, and PayPal worth $ 279.61 billion. Bank of America worth $ 259.17 billion, Industrial and Commercial Bank of China worth $ 257.97 billion, China Construction Bank worth $ 185.31 billion, Agricultural Bank of China worth $ 163.92 billion, SoftBank is worth $ 140.75 billion and Bank of China is worth $ 129.82 billion.

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