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23 Oct 2020

Bitcoin officially flippens PayPal

Bitcoin officially flippens PayPalSince PayPal announced adding Bitcoin ( BTC ) to its platform, the asset’s market cap has exceeded that of PayPal itself. Ironic? At press time, Bitcoin holds a market cap of $239,877,416,968, just recently surpassing PayPal on AssetDash’s list of the largest stocks, ETFs, and crypto assets. Bitcoin now holds the 21st spot on the list, with PayPal right below at $238,578,822,000. Whenever a company, asset, or otherwise overtakes a rival in valuation, the crypto space loosely refers to the event as a “flippening.” In 2017, a number of folks speculated on  a potential Ethereum ( ETH ) flippening, which would see ETH’s market cap rise higher than BTC’s. As of press time , no crypto asset has ever flippened Bitcoin’s market cap. On Oct. 21, PayPal  confirmed rumors that PayPal plans t

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