If Bitcoin Were A Stock, It Would Be Valued Similar To Netflix

If bitcoin were a stock where would it rank within the S&P 500 index?

On Tuesday, the price of one bitcoin hit a historical all-time high of $4,483.55, which would value the digital currency at around $73.5 billion, CNBC reported. If bitcoin were to be a stock then it would rank in the top 100 valued companies — at No. 74, to be precise. For instance, Ronnie Moas of Standpoint Research expects the price of bitcoin to surge to $50,000 in 2027 — roughly 12 times its current price. This would give it a valuation of around $882 billion in the next decade, which also happens to be close to Apple's valuation today. Related Links: The Major Services And Retailers That Accept Bitcoin Bitcoin Investors Just Received A Big Breakthrough

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In fact, bitcoin's valuation at its peak would be just shy of Netflix, Inc. NFLX, which was valued at $73.8 billion at the time. In fact, had bitcoin held onto its gains by Tuesday afternoon it would have exceeded Netflix's valuation, which dipped to $73.06 billion.

Bitcoin is, however, more valuable than many notable companies, including Paypal Holdings Inc PYPL at $72.07 billion, salesforce.com, inc. CRM at $64.84 billion, and Costco Wholesale Corporation COST at $69.03 billion.

On the other hand, bitcoin's valuation has a long way to go if it wants to catch up to Apple Inc. AAPL, which is $160 billion shy of the coveted $1 trillion mark. But even if some analysts are accurate in forecasting bitcoin's ultimate trajectory then it will still far short of being the most expensive commodity.