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As bitcoin approaches $10,000 it now has a higher market cap than IBM

As bitcoin approaches $10,000 it now has a higher market cap than IBM
[Photo: Carlos Muza/Unsplash]

The cryptocurrency hit an all-time high of $9,700 on Monday putting it within easy reach of that $10,000 sweet spot, reports the Guardian. At its current price, bitcoin now has a market cap of $160 million higher than Disney, GE, IBM, and McDonald’s. It’s also worth seven times more than gold. Not bad considering at the beginning of 2017 one bitcoin was only worth $1,000 and it just recently passed the $5,000 mark back in October.

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