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Cryptocurrency bitcoin is now more valuable than the world’s two biggest payment networks Visa and Mastercard, which have a combined market capitalization of $871 billion.
According to data, bitcoin’s market cap is currently over $1 trillion. The digital coin went from zero to $1 trillion in network value 3.6 times faster than Microsoft.
Bitcoin also achieved a higher valuation than the world’s three biggest banks combined, when it hit an all-time high of $61,700 last week, as its market cap approached roughly $1.15 trillion. The combined market cap of JPMorgan, Bank of America and The Industrial and Commercial Bank of China (ICBC) is $1.08 trillion.
The on-chain analytics resource Ecoinometrics said, as cited by Cointelegraph, that as of March 13, bitcoin equalled 45% of the gold held in investment vehicles and 10% of the physical gold market as a whole. To eclipse gold entirely bitcoin would need to trade at $590,000, it added.
Bitcoin was trading at $54,865 per coin as of 13:26 GMT on Tuesday.
Cryptocurrency bitcoin is now more valuable than the world’s two biggest payment networks Visa and Mastercard, which have a combined market capitalization of $871 billion. Read Full Article at RT.com Read More
Greek police deployed tear gas and clashed with demonstrators in the Nea Smyrni suburb of Athens after several thousand people took to the streets on Tuesday, angered by footage of the recent brutal arrest of a local man. Up to 6,000 showed up for the march against police brutality on Tuesday, according to local media […]
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There is the old adage: A picture is worth a thousand words. Well, grit your teeth, comrade, and click on this link. Behold a snapshot of infamy that’s worth enough words to fill a multi-volume encyclopedia with the title: The 3 C’s of our Ruling Class: Collusion, Corruption, Coercion. The photo captures Eleanor Roosevelt mugging with a […]