Quote from: Dzwaafu11 on Today at 04:01:56 PM

Quote from: Frankolala on Today at 12:03:59 PM

Of course I am not surprised at this, because bitcoin is a commodity and whoever buys bitcoin is adding to the market cap. Bitcoin is bitcoin worldwide, but those banks are in various places and their operations is in fiat. Those banks can print more money, but bitcoin has limited supply of 21 million.

It will be impossible for centralized bank to have higher market cap than Bitcoin because gradually fiat is depreciating and bitcoin value appreciates, which is giving people more confidence to invest in bitcoin and abandon fiat because of lack of confidence in fiat. Banks are run by individuals, but bitcoin is decentralized.

I support this since bitcoin is being used globally, everywhere in the world. We can use Bitcoin, so we are not surprised if the market cap surpasses these banks. You know banks are using fiat, and the fact that there are some places where they will not accept fiat makes it easy for bitcoin to make it up to this market cap. The fact that I know bitcoin is digital also makes it obvious that bitcoin can definitely reach here. We all know how bitcoin started and see where it is now, so people believe that it will be more than this in the future, so before they miss out, that is why they are taking the necessary decision now.

One of the biggest contributors to bitcoin being the currency that has the most market cap is those miners and, of course, investors. Those miners are the ones that mine the bitcoin itself, and that will be added to the total market cap, as will those holders or investors that are buying bitcoin in the market and actually keeping it or holding it. As supply and demand increase, the bitcoin price will most likely increase, and I do hope it happens again. Showing that bitcoin has the highest market cap out of other companies' means bitcoin is getting and getting more powerful, and if people or investors become more focused on holding their assets and not just for the short term, then there will be more marker cap and demand, so bitcoin will increase its price more, and many existing investors or holders of bitcoin assets will receive the rewards of holding bitcoin.