Years ago, if someone had said that Bitcoin would surpass companies like PTT, many would have laughed. Looking back five years, Bitcoin had a market value of 50 billion baht, while PTT was valued at 900 billion baht. Today, not only has Bitcoin's market value surpassed PTT's, but it has also exceeded half of Thailand's GDP.

So, how big is Bitcoin now?

Bitcoin was created in 2009, and in its early days, about eight years ago, one coin was worth only 1-2 baht, not even enough to buy a piece of candy.

As I write this article, one Bitcoin is priced at 550,000 baht, and with just one coin, you can purchase the following:

Buy 11 iPhone Xs
Buy 2,500 bowls of bingsu
Buy 1 eco car to drive around
Buy 10 round-trip tickets to Japan
Buy 1,300 shares of PTT for speculation

Let's take a broader view: how big is Bitcoin compared to real businesses?

Currently, 16,729,525 Bitcoins have been mined (80% of the total), with a market value of approximately 9.7 trillion baht.

When compared to leading companies in Thailand, Bitcoin is…
8 times larger than PTT
14 times larger than CP All (7-Eleven)
17 times larger than Siam Cement
18 times larger than Kasikorn Bank
More than one-third of the total market value of all companies on the Stock Exchange of Thailand.

And now, Bitcoin's market value accounts for 65% of Thailand's GDP.

Now, let's compare it to global companies. If Bitcoin were a company, it would rank 11th in the world.

Here are some examples of companies that Bitcoin has surpassed:
Wells Fargo, Wal-Mart, Visa, Chevron, AT&T, Verizon, Citigroup, Boeing, Walt Disney, MasterCard, IBM, McDonald's, Nike.

It is evident that whether in finance, energy, aviation, communication, or technology, these businesses are valued less than Bitcoin.

Currently, Bitcoin's market value is:
35% of Apple
40% of Google
45% of Microsoft
53% of Amazon
57% of Facebook.

If Bitcoin were a country, it would rank 38th in the world. Here are some examples of countries that Bitcoin is larger than in terms of GDP:
Singapore, Malaysia, Vietnam, Finland, Portugal, Greece, New Zealand, Iraq, Qatar, South Africa.

Bitcoin was conceived eight years ago with a limited supply, and now it holds a value greater than major companies that sell real goods or countries with millions of inhabitants.

There is a thought-provoking question to consider:

If given two items valued at 9.7 trillion baht each:

Item A is the total number of Bitcoins in the world.

Item B is the assets of PTT, including refineries, gas stations, Thai airports, Suvarnabhumi Airport, Don Mueang Airport, 7-Eleven, Central, Kasikorn Bank, Siam Commercial Bank, all branches combined, plus 5.5 trillion baht in cash.

Which would you choose to own: Item A or Item B?

Note: This article does not intend to encourage buying stocks on the Stock Exchange of Thailand or purchasing Bitcoin. The intention is to present another perspective. Please use discretion when reading and research thoroughly before making any investment decisions.

Thank you for the information from longtunman.com