Quote from: Odohu on June 11, 2024, 10:50:41 AM

I saw this post yesterday when I visited CMC but I didn't pay much attention to it because it was not too important to me as I'm already invested in Bitcoin. I think the post is all about telling people to have faith in Bitcoin given how well it has performed and the potential it holds, being an asset with limited supply amidst growing demands. Indeed those who have not come to terms with the fact that Bitcoin is a huge opportunity can clearly see how the future might look like... a situation where Bitcoin will be the dominant topic in the financial world and those who are invested in it confident and proud as those controlling the shares of these famous banks.

We're already here and that's why we feel that it seems not to be important at all. But to those that are still in doubt of Bitcoin, this is a good one for them. The traditional investors that would solely trust their funds to the banks should see this.

Quote from: avp2306 on June 11, 2024, 11:03:28 AM

Not surprised about this since.

Bitcoin global investors reach on any parts of the world.

While the Businesses of those 3 giant companies are just operating in limited jurisdictions.

So expect that Bitcoin would really dominate in terms of marketcap since its more accessible to a lot of investors that's why there are some entities want to disrupt it and push their personal interest since there's really huge money involve that might transfer to what they are promoting. That's why maybe they push CBDC since they know that its more beneficial for controlling bodies to operate this rather than bitcoin which they are totally out of control on this asset.

IMHO even if they're going to push for CBDC, that's not all about investing at all. They're good to be used for payments as what Bitcoin used to be but in the long run, we're seeing how changes happen and everyone is treating Bitcoin more of a blue chip stocks and the same as gold as a better store of value.

Quote from: Felicity_Tide on June 11, 2024, 11:05:26 AM

And what if some of these banks are making their investments behind the scene. Well, we can never tell. Seeing silver ahead of Bitcoin was quite surprising. I remembered how Bitcoin surpassed silver in it's last ATH break out. Seeing the entire list, Bitcoin has a better potential as there are more price discovery to be seen. As Bitcoin continue to break it's ATH with more investors coming on board, Bitcoin will unarguably climb to compete with the top 5 on the list. As Bitcoin continue to grow and break it's ATH, we won't even be competing with most of this banks and companies in terms of market capitalization. As for those of us here, HODL shouldn't be a debate again as the journey keeps getting interesting.

In fact one of the top shareholders of JP Morgan has been bashing Bitcoin several years ago not until he's been vocal about investing in Bitcoin. And with that, it's possible that most of them are also putting their assets into Bitcoin. These are banks and they're here to make money compared to those that have been fully dedicated to keep on buying more like MSTR.

Quote from: tranthidung on June 11, 2024, 11:33:14 AM

I don't care about ranks of Bitcoin and three biggest banks especially banks but through your thread, I would like to say one thing.

These banks have longer histories than Bitcoin, they are all centralized, while Bitcoin is decentralized and no government, no founder, no core team developers control Bitcoin protocol. No terminate button to freeze any Bitcoin wallet or address like with commercial banks, your account always has risk to be terminated, fund can be frozen.

You spitted a fact in there. What I'd like to deliver from this thread is about people's choice and to those doubters that still don't think that Bitcoin isn't going to last. With its market capitalization and it's more than these three combined, they're missing a lot if they keep on dwelling with that doubt.

Quote from: naira on June 11, 2024, 11:40:59 AM

It is possible that in the next 4 years Bitcoin will occupy the top 5 positions, with its worldwide popularity and can be adopted by anyone, the potential to encourage a larger market cap can no longer be stopped. After this year's halving, many institutions have opened up to Bitcoin and are no longer afraid of its volatility. Because with the remaining supply of bitcoin dwindling, people and institutions are increasingly fighting over the remaining bitcoin. Since this is a value issue, I think banks are eager to recognize that Bitcoin's market cap will shift them as adoption increases across a wide range of financial institutions.

We'll see that and there's only one way for Bitcoin to go and that's up. In the world of stocks, NVIDIA is showing its own story on how it went to the top. Soon, we'd see more people and prominent ones talking more about Bitcoin. It's only a matter of time but even it will take time to be there, it's only a matter of time.

Quote from: Frankolala on June 11, 2024, 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.

Considering the population of the world, there's really an upperhand for Bitcoin because it sets the global market for itself. While these banks are limited for where they are. However, in terms of investing, I think there were stats before that we as Bitcoin investors are still few in here. So, the sky is going to be the limit once most of those nocoiners start to get involved and many of them are likely the bigger players in the global market and have their fair share.

Quote from: Davidvictorson on June 11, 2024, 02:50:52 PM

This is a great news. Bitcoin adoption is growing worldwide. Individuals are adopting Bitcoin, big financial institutions are adopting Bitcoin, families are adopting Bitcoin and this is because they have seen its future potentials. To keep takeaway for me is that my small efforts in my country to talk about Bitcoin online and offline so as many people who shows the slightest interest in Bitcoin is not in vain. Because it is having a ripple effect worldwide.

You keep it up brother. That small efforts that you're doing is going to be worth it and fruitful in the upcoming years. Those that you have approached before and yet ignored your talks will come by again to you and will ask you to help you out with "how-to" invest in Bitcoin.

Quote from: stompix on June 11, 2024, 02:54:20 PM

Comparing apples and hotdogs!
It's like comparing the total value of gold with the assets Caterpillar has!

And what are we even comparing here, all the money that Bitcoin is worth now with what?
If we compare with the total assets JPMorgan for example is having under its control those alone are 3.9 trillion!

I think even if JP Morgan has that total assets at all, it's still different from the actual market cap that it has got as a company alone. Anyway, I've just shared it here as there have been discussions in the past about comparing Bitcoin to gold and other assets and how big it is going to be in the future and now we're here and it's not yet on its peak.

Quote from: 0t3p0t on June 11, 2024, 03:03:29 PM

Does that clearly mean that more and more people are into Bitcoin investment than banks? I can also see a reason where banks are only limited to residents, investors and it's users if I am not mistaken while Bitcoin since it is a decentralized revolutionary asset it literally means that whoever you are, wherever we are in the planet as long as we embrace the idea of Bitcoin we can invest on it anytime and anywhere that is what I think the reason why it has that capitalization I could be wrong but who knows? 😅

The bigger the market cap is, the bigger the price is means that there's more demand on it and yes, more people are into it. Banks aren't just into servicing particular areas where they're operating, they're also investors and keep their wealths into other assets that they think will be profitable for them.

Quote from: Pmalek on June 11, 2024, 03:37:51 PM

Some big banks have already confirmed their exposure to Bitcoin ETFs. JPMorgan Chase holds positions in BlackRock's, Fidelity's, Grayscale's, and several other ETFs.
I haven't heard any news that Bank of American owns any Bitcoin ETFs, but some other US and European banks have smaller and bigger positions in various funds.

They're coming in, I don't know what to feel. Years ago, we'd be happy to discuss if they join the game. Now that they're here through BTC ETFs, they'd help the demand up. Some may feel fear that they'd manipulate the market. We've been talking about that as well for years.

Quote from: Aanuoluwatofunmi on June 11, 2024, 03:41:56 PM

If we are to compare the worth and market cap of bitcoin to all other cryptocurrencies in the world, we are going to discover that bitcoin is still more far fetched than what they all constitute altogether in cryptocurrency, this tells us that bitcoin is the major global attraction on both the economic and financial regulatory part of the world and the government cannot do anything against it, all these were so because it provides the answer to every challenged situations regarding finances in the economy.

Right, anyone is free to invest in Bitcoin and there's no limitation on how much you can invest and there's no minimum amount that you can on it. However, due to the exchanges minimum limits, everyone who's going to use them needs to follow that rule. But if you're buying from a friend or a friend of a friend, you can receive it however you want and any amount you'd buy from them.

Quote from: Faisal2202 on June 11, 2024, 03:48:37 PM

There was this video around 2014 which I saw a few days ago, in which the person was saying BTC is a good investment while another rich man was saying it is a bubble that can pop anytime. And the dude who said BTC is good, he says because there was around 1.3$ Billion market cap of it at that time. And now the market cap is in trillions. I mean it's 1.37 trillion dollars. That's insane. I am getting the vibe in a few years this trillion figure is going to be changed as it changes from billion to trillion. I hope I am not expecting a lot from BTC. Although I am not expecting or hoping it to do that I am still just in case.

These banks are still considered safe by traditional people I wonder how will they behave after listening to this information. I hope they will at least start to consider it for investment but that's not my purpose in convincing them because with time as it will be adopted more by many countries left, they will auto be convinced to invest in it.

We all are expecting a lot from BTC but we have to calm it down because of world events and news that are coming up together is greatly affecting it rightaway. But there are more times that it doesn't. And that's why many of us really liked it, the decentralized nature of it is what makes people want to join this emerging asset and as well as this revolution, globally. I've also watched a lot of videos in the past that these great men are telling on their videos to invest in Bitcoin even for a couple of dollars and I wonder if those that have watched them obliged and obeyed.

Quote from: zakservers on June 11, 2024, 05:26:13 PM

Yes, seems very happy to see the growth of bitcoin, actually its a very good idea, with so much digitization around and constant upgraded internet reach and speed, also may be more future companies will invest in satellite based internet to cover the whole planet, we really needed this, we are always supporting it, and glad to see it surpassing big banks with fiat.

We're already in the digital economy and everything that's being digitized is getting its world share. Well, this might be helpful to those that still don't know whether to invest or not in Bitcoin. If they want another example, they need to take a look back on how people reacted about internet's infancy.