Bitcoin exceeded the capital market of General Electric

The well-known energy, infrastructure and electrical industry company has become one of the largest in the US, but its capitalization market has fallen. Meanwhile, Bitcoin grows.

General Electric, with an annual income of 123 billion dollars and 295 thousand employees worldwide, remains a leading conglomerate in the US. The company, born in 1892, was one of the founding companies of the Dow Jones economic index and is the only one that still remains in the index. Now it is a giant conglomerate that has companies in the areas of energy, electricity, finance, technology, etc., and has absorbed several companies in the field of communication, including NBC and Universal Pictures. In 2011, Fortune magazine ranked it as the 6th largest company in the United States. In July 2016, GE's market valuation briefly exceeded $ 300 billion, approaching the market limit of other major firms such as JPMorgan. But, since 2015, GE has had problems, since its market capitalization fell almost 50 percent. Today its value is 155 billion dollars.

Meanwhile, since that same year 2015, the stock market capitalization of Bitcoin has increased 4.534%, from 4.3 billion dollars (in January) to 195 billion dollars today.

Actually, Bitcoin's market valuation should be compared with other assets, stock stores and currencies such as gold and reserve currencies. However, it is important to recognize the rapid rate of growth of Bitcoin compared to companies in leading industries because the transformation that Bitcoin has brought to the financial industry has been truly impressive. Bitcoin has also outperformed the main currencies in the M1 index (indicator of the most liquid assets) this year. This week, for example, the Bitcoin market valuation exceeded the total money supply of the pound sterling.