At $160 Bln, Bitcoin's Market Cap is Larger Than That of Once World's Largest Company

Bitcoin has surpassed the market cap of General Electric, which was once the largest company in the world, by $30 bln.

GE, with a $123 bln annual revenue and 295,000 employees globally, still remains as a leading US-based conglomerate. In July of 2016, the market valuation of GE briefly surpassed $300 bln, nearing the market cap of other major firms like JPMorgan