bitcoinvaluation

Imagine for a moment that Bitcoin is not a cryptocurrency but a publicly traded company. That raises an uncomfortable question for the market: how much is this business really worth if we value it the same way we value any other economic system?
As of November 2, 2026, Bitcoin is worth around $78,000, and its market capitalization is approximately $1.57 trillion. Around 20.1 million BTC are in circulation. The network processes hundreds of thousands of transactions per day, and its computing power is approaching 1 ZH/s. This is enormous infrastructure. But infrastructure alone does not constitute a cash flow.