Tuesday, January 2, 2018

These 3 Cryptos Have A Bigger Market Cap Than Exxon (Forbes)

These 3 Cryptos Have A Bigger Market Cap Than Exxon

Kenneth Rapoza , CONTRIBUTOR

Opinions expressed by Forbes Contributors are their own.

If only Exxon issued its own cryptocurrency. Discount on gasoline and other products for all holders of the XOM coin. Until that exists, or until it takes billions of shares off market, the big three cryptocurrencies are set to maintain a healthy pace ahead of America's largest oil company in terms of market capitalization. (AP Photo/Mark Humphrey)

The three largest cryptocurrencies -- bitcoin, ripple and ethereum -- now have a combined larger market capitalization than all of Exxon.

That means more money is pumping in and out of these three invisible assets then into a stock that has billions of more shares out there. So here we have a multinational company with bonafide hard assets and prime real estate, a company that controls a commodity needed to heat homes and keep the lights on with a lower market cap than three companies only an MIT student can explain.

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