Re: Bitcoin has higher market cap than the three biggest banks in the world
Even with bitcoin's quite expensive price, I still think that it is worth it when you buy it compared to other big companies like Apple or Google it seems pointless to try and buy some stocks. Bitcoin will still be able to give you profit even if you invest a small amount only. Of course, it is still most ideal if you can invest more for more profit.
I think those stocks are good to hold, if you are for the tech stocks they're still good stocks to own. But compared to Bitcoin, I'll choose of course our very own BTC.congrats to ethereum supporters as well because now that we are not expecting these things to come in this early days .
Way to go for Ethereum, it's following BTC.Yes bitcoin is growing but it is really nothing to be cheering about! Comparison has to be done between apple to apple. banks have their own limitations and rules to play with. They are bound to follow such rules and also they are limited geographically to some extent. On the other hand, Bitcoin has no such compulsion. It can easily reach people from to all over the world where internet connection exists. So the scope of Bitcoin is much much larger than banks. So having a bigger market cap makes sense! It will become a reason for worry if it's other way around or it becomes that way in the future.
Bitcoin is larger than banks in size but with less number of consumers! Thank what will happen when the human adoption of Bitcoin grows! Can you imagine the scope?
It's not actually a serious thing to look at but if we're going to appreciate Bitcoin on how it is going and keeps on going, you'd be proud of yourself that it's able to reach such market cap. We're even there before when people have been describing how Bitcoin is the digital gold and now, as gold is a reserve for most banks and even fiat currencies. I guess it's just hard to please people with what we're sharing. I can imagine about that and we're aware that we're not yet on that par in terms of users but this is just all about their market caps.Bitcoin is larger than banks in size but with less number of consumers! Thank what will happen when the human adoption of Bitcoin grows! Can you imagine the scope?
That's nice stats, showing that Bitcoin is bigger than some might think. Bitcoin also has a bigger capitalization than Facebook and Visa. That being said, I'm not sure that it's right to compare companies, assets, and cryptocurrencies, putting everything from gold to banks and supermarket chains into one big list.
For instance, while JPMorgan Chase has a market capitalization below $600 billion, they had $3.4 trillion worth of assets under management at the end of 2023. Or, if we take Visa, its marketcap is also below $600 billion, but it powers over 4 billion cards globally, while if we estimate the rough amount of Bitcoin users, we get under 500 million, even by generous estimates. So one could reasonably ask why we're focusing on marketcap while there are other crucial factors.
Yeah, I haven't mentioned the other tech and fintech companies. This is not a comparison though and I've just shared what I've read about how huge BTC in terms of market cap today compared to the rest. But you folks are right about there are other factors to look at but that's it for now.For instance, while JPMorgan Chase has a market capitalization below $600 billion, they had $3.4 trillion worth of assets under management at the end of 2023. Or, if we take Visa, its marketcap is also below $600 billion, but it powers over 4 billion cards globally, while if we estimate the rough amount of Bitcoin users, we get under 500 million, even by generous estimates. So one could reasonably ask why we're focusing on marketcap while there are other crucial factors.
I guess that for this very reason that bitcoin has always been the target of scorn of centralized institutions, they don't like the idea that bitcoin has more market capitalization than all of them and they know that not adapting and giving in isn't going to give them anything and at the end of the day, they're going to regret things. Nice to see that bitcoin can easily outlast 3 centralized banks alone, goes to show that the will of the people that's invested in bitcoin is so strong that it's such an insult that we're underutilizing that fact. Continue hodling and buying bitcoin, never sell until you meet the bitcoin price of your dreams.
I've seen some descriptions before that it's always been the banks that don't like Bitcoin. Hotels don't like airbnb and those other tech services that uses people and assets of others to offer it to consumers. While the bankers will have to look at that part if they'd join people holding Bitcoin, us, we've been on their side and have used their services and are now investors of BTC.The stats make logical sense if we think of Bitcoin as an international bank without boarders, unlike the said three banks JP Morgan Chase , Bank of America ,
ICBC which operate in a localised setup and can't compete with the likes of Bitcoin that have their doors open to every Jim and Jack with no questions asked when trying to bank with it and operate 24/7 which is a non compete advantage already!!!
If anything, I see money leaving these banks and going into crypto in the name of financial freedom and total control...unlike banks that control how you spend your money and will use your money to make their money and won't even share their profits with you... Bitcoins market cap is still growing for sure!!
That's what is happening. Big money is flowing to Bitcoin and as we're going into bull run or we're actually on it already, many investors and depositors of there are starting to be aware of the game every cycle.ICBC which operate in a localised setup and can't compete with the likes of Bitcoin that have their doors open to every Jim and Jack with no questions asked when trying to bank with it and operate 24/7 which is a non compete advantage already!!!
If anything, I see money leaving these banks and going into crypto in the name of financial freedom and total control...unlike banks that control how you spend your money and will use your money to make their money and won't even share their profits with you... Bitcoins market cap is still growing for sure!!
And why do we have to compare Bitcoin market cap with banks market cap? Is Bitcoin a bank or something?
Bitcoin is supposed to be a currency. Why don't you compare the BTC market cap with the amount of US dollars in circulation?
NVIDIA has a market cap of 3 trillion. And so what? Micro-chips are a product that is in demand. The demand for Bitcoins isn't growing that fast. All those market cap comparisons are kinda pointless. After several months or years, the Bitcoin market cap might drop below 1 trillion.
There's no guarantee that the BTC price will keep growing up forever.
It's not a comparison, it's a fact. How I will compare BTC's market cap with US dollars? it's got an infinite supply. Bitcoin is supposed to be a currency. Why don't you compare the BTC market cap with the amount of US dollars in circulation?
NVIDIA has a market cap of 3 trillion. And so what? Micro-chips are a product that is in demand. The demand for Bitcoins isn't growing that fast. All those market cap comparisons are kinda pointless. After several months or years, the Bitcoin market cap might drop below 1 trillion.
There's no guarantee that the BTC price will keep growing up forever.
You're right that it's no guarantee that BTC's price will move up forever but we can zoom out always the charts.
And why do we have to compare Bitcoin market cap with banks market cap? Is Bitcoin a bank or something?
Bitcoin is supposed to be a currency. Why don't you compare the BTC market cap with the amount of US dollars in circulation?
NVIDIA has a market cap of 3 trillion. And so what? Micro-chips are a product that is in demand. The demand for Bitcoins isn't growing that fast. All those market cap comparisons are kinda pointless. After several months or years, the Bitcoin market cap might drop below 1 trillion.
There's no guarantee that the BTC price will keep growing up forever.
actually it is not comparison mate , we are just happy showing bitcoin dominance against banks and if I were you mate? maybe you should celebrate with all of us here because this is phenomenon considering that those giant banks have been around for decades if not century and knowing bitcoin is just 15 years old .Bitcoin is supposed to be a currency. Why don't you compare the BTC market cap with the amount of US dollars in circulation?
NVIDIA has a market cap of 3 trillion. And so what? Micro-chips are a product that is in demand. The demand for Bitcoins isn't growing that fast. All those market cap comparisons are kinda pointless. After several months or years, the Bitcoin market cap might drop below 1 trillion.
There's no guarantee that the BTC price will keep growing up forever.
congratulations to all bitcoin holders here and there .
This is a left hook for BTC-haters who bury bitcoin every year (it’s been a while since I heard the news that BTC will die soon 
). This digital asset becomes more valuable than traditional banks (the three biggest American ones in this case). But one day the day will come when the capitalization of bitcoin will become greater than the total capitalization of all banks in the world. Can you imagine it? Based on the pace of investor interest, this doesn't seem unimaginable.
I guess that it's been said about 400+ times that it has died and keeps on dying on their thoughts everytime they see it fall in price. But this time, we have the idea on how huge names in the banking industry discouraging people from buying it where they're the ones who are actually buying it.). This digital asset becomes more valuable than traditional banks (the three biggest American ones in this case). But one day the day will come when the capitalization of bitcoin will become greater than the total capitalization of all banks in the world. Can you imagine it? Based on the pace of investor interest, this doesn't seem unimaginable.I think before you guys write in support of what you read online, especially the social media handles like X (formerly Twitter) you should first verify the claim so that you are not writing nonsense. I don't know how you can prove what you wrote in favour of Bitcoin here and I do not know why you guys can't just let Bitcoin be and stop comparing it with everything. It was all about the Gold comparison before, however, with some true support from unbiased people to prove Gold's supremacy overall, such comparison has subsided but seems shifted to other things like the world's bank. This is laughable.
Well, if you must know, only JP Morgan Chase bank will buy the whole of Bitcoin almost 3 times over. The bank is worth $4 Trillion dollars according to their official report, with $303B in shares and $3.7T in assets.
Do you still have something to say about this?
I think before you write, you have quoted the image with a bit of reseach about that. The actual market cap of BTC was really higher than of those thanks to upcoming bull run and the effect of halving and its demand. It's not that hard to prove, you guys talk about the assets of these banks and they can be a different category. I'm not sure why you're not happy when you guys are preaching to buy Bitcoin and then some folks over the internet shares some encouragement on how far is Bitcoin on it and thinks that this is a comparison where it's just a visualization of their market caps.Well, if you must know, only JP Morgan Chase bank will buy the whole of Bitcoin almost 3 times over. The bank is worth $4 Trillion dollars according to their official report, with $303B in shares and $3.7T in assets.
Do you still have something to say about this?