Re: Bitcoin has higher market cap than the three biggest banks in the world
Not to burst the bubble though, every bull run that we have, Bitcoin will suddenly goes up in terms of market cap and then compete not only with banks but top tier companies in the world and everyone thinks that it's a good measurement.
However, when we go on a bear market, numbers are going to go down hard as well and then we are out of the top 10 or top 20. So for me, this numbers are not worth to look at, most valuable companies are consistent as compare to Bitcoin, just saying.
However, when we go on a bear market, numbers are going to go down hard as well and then we are out of the top 10 or top 20. So for me, this numbers are not worth to look at, most valuable companies are consistent as compare to Bitcoin, just saying.
But you need to admit with me that the value and capitalization of bitcoin is still increasing over time and it will not stop at the current capitalization of 1.32 trillion USD. When bitcoin was first born, it only had a capitalization of a few thousand, tens of thousands of dollars...and in just 14 years it has increased to 1.32 trillion, and no asset or organization has done this great.
I remember there was a time when we were even above silver's cap but I just checked again that we are below but the gap is not huge and bitcoin will easily overtake silver in the near term. If compared, I like to compare bitcoin with the capitalization of other assets instead of comparing with companies, and I believe we will soon climb to the top position in the future.
https://companiesmarketcap.com/assets-by-market-cap/
