#ETHOvertakesNetflix
Why is the comparison not entirely accurate?
• With digital currency, all units of ETH in the market are counted when calculating market value, while a company like Netflix is considered a 'central entity' that differs in the nature and essence of its value.
• As users on Reddit pointed out:
Market cap means nothing for a currency like ETH, as it is not a company.
"ETH is a new phenomenon, and comparing it to companies like Netflix is not straightforward."
A historical perspective on openness:
• In November 2024, the market value of ETH reached $354.7 billion, before surpassing Netflix at that time.
• Over the years, ETH has surpassed several major companies like Disney and Nike in 2021 when its market value was around $317 billion, while Netflix was only at $228 billion.