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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
This article was originally published on GR in May 2017. The Text below is the transcript of the interview between Alex Knyazev of Russia TV24 and Peter Koenig. Questions Russia TV24: What were the reasons Mr. Gaddafi was … The post Libya – Why Was Muammar Gaddafi Killed – May We Never Forget appeared […]
Let’s not go into a great detail about 2022. It was a bad, horrible and simply disastrous year in all aspects for the freedom and wellbeing of the humanity, as it was the one before and the one before too. Further listing, compiling and documenting all infringements is waste of precious time and resources, if […]
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