The South Pacific nation\u2019s farm-and-tourism-led economy is valued at $185 billion, according to World Bank data as of July, putting it some $5 billion below bitcoin. The cryptocurrency\u2019s market cap is also bigger than the likes of Qatar, Kuwait and Hungary.<\/p>\n
Goldman Sachs, and UBS<\/strong><\/p>\n Bitcoin\u2019s run-up has even seen it valued more highly than two of the world\u2019s most influential banks. Goldman Sachs Group Inc.\u2019s market cap was $97 billion as of Friday, while Zurich-based UBS Group AG came in at about $67 billion. Add those numbers together and it still falls short of bitcoin.<\/p>\n Both financial heavyweights have taken a hands-off approach to the digital currency, with Goldman CEO Lloyd Blankfein saying it\u2019s too early to draft a bitcoin strategy and UBS – the world\u2019s biggest wealth manager – saying it won\u2019t allocate it in portfolios because of the threat of a government crackdown.<\/p>\n Boeing<\/strong><\/p>\n It may make jumbo jets but Boeing Co.\u2019s market cap of $162 billion is also less than that of a digital currency that didn\u2019t exist 10 years ago. The Chicago-based company, which describes itself as the world\u2019s largest aerospace firm, is more than a century old and employs 140,000 people in more than 65 countries, according to its website. Rival Airbus SE fares no better – it\u2019s got a market value of 66 billion euros ($78 billion).<\/p>\n Fourteen Aircraft Carriers<\/strong><\/p>\n If bitcoin\u2019s market cap could be used to buy military equipment, it would pack a mighty punch. The USS Gerald R. Ford, the first of a new class of nuclear-powered supercarriers, was delivered to the U.S. Navy in May. It cost an estimated $13 billion, so if investors put all their bitcoins together they would be able to buy a fleet of fourteen ships.<\/p>\n Bill Gates, Buffett and the Queen<\/strong><\/p>\n They sit atop Bloomberg\u2019s Billionaires Index, but even if Bill Gates and Warren Buffett pooled their fortunes they wouldn\u2019t have enough to buy all the bitcoins in circulation. Gates is worth $90 billion and Buffett has $83 billion, according to the index.<\/p>\n Not even Queen Elizabeth II could get them over the line if she brought her $383 million to the table. While we don\u2019t know what he told Katy Perry, Buffett has called bitcoin a \u201creal bubble\u201d in the past.<\/p>\n
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