Bitcoin’s market cap is measured by adding up the value of all of its outstanding shares, tokens, or coins, to then multiply them by the current market price.
From that, it's calculated that the popular cryptocurrency has reached a market cap of more than $200 billion.
With it only getting larger, Bitcoin at this time ranks alongside recognizable companies, like Netflix.
Bitcoin’s market cap peaked in December 2017, when it reached more than $300 billion, but quickly fell when its price plummeted.
If that didn't happen and the prices rose to generate similar figures as it is now, Bitcoin would on par with businesses like JP Morgan Chase and Mastercard, at market caps of over $300 billion.
Closing behind Bitcoin, is Ethereum.
While still substantially smaller than Bitcoin, the cryptocurrency has a market cap of around $44 billion.
What makes cryptocurrencies unique is that, they can rise into popularity, and gaining market caps in the billions, in a fraction of the time most companies out there can manage.
And all that while being open-source and supported by organically-grown communities.
Most companies with market cap beyond $100 billion on the other hand, have spent decades or even more to build up their business empire. They have invested millions if not billions of dollars to build proprietary infrastructure and business practices, filing trademarks and more.
On a yearly basis Bitcoin now uses an estimated 66 terawatt hour of electricity. That’s an equivalent of Czech Republic’s energy consumption.
