Continuing with my previous post where i compared 23 crypto currencies, link is following :
Following same basis, just compared the one of the top companies i.e. Reliance industries limited with Bitcoin and Ethereum and found really interesting facts.. So thought of sharing with you all. Look at the following picture :
Explanation : Assuming the Reliance Industries & Ethereum touches the market cap of Bitcoin, and reverse calculated the price of Reliance & Ethereum considering actual total no. of shares in market. Surprisingly if the Bitcoin touches the $ 4500; reverse calculation resulted into the price of Reliance industries as INR 916. And today's closing was at INR 914. Moreover the price of ethereum comes out to be $919 and current price is $900.
Although it is obvious that there can not be any relation between Reliance industries & Bitcoin but it is definitely a unique method of comparing prices of different items. Please note : This article is not saying bitcoin may fall to $4500.
Now if you check out the above link, where 23 crypto currencies have been compared; will through some interesting facts.