Re: Bitcoin has higher market cap than the three biggest banks in the world
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.
Then how do explain the 3.9 trillion in assets JPMorgan has?
There are 23! banks in the world each with more assets under control than the total marketcap of bitcoin
https://en.wikipedia.org/wiki/List_of_largest_banks
Thanks for the list.
But you said it would be impossible! Now suddenly it's possible?
You also said they abandoned fiat and ow you say that they didn't and the banks advantage is because they are older and other, no! It doesn't work like that, the fact is despite what people want to think that in the real world BIitcoin is STILL a drop in a barrel of water (not an ocean anymore), but it's not a bad thing, it doesn't mean it won't grow a lot but we have to a accept reality!
Fact is that the top 100 banks have 117 trillion in assets, so roughly 100 times what Bitcoin is priced at!
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 is now based on its market capitalization and thinks that this is a comparison where it's just a visualization of their market caps.
Just because you like something it doesn't mean we have to automatically accept every crap as being true, and trust me dailymail or watcher.guru, it's the same level of no facts all hype let's get clicks material! It hit the lowest of the low trying to make fun of banks on a gas leak explosion that killed people!
Anyhow, remember how Bitcoin works? Don't trust, verify!
It's not that hard to prove, you guys talk about the assets of these banks and they can be a different category.
Then wouldn't it be better to compare banks to exchanges?
