Bitcoin’s price surge has made the digital currency bigger and greater, and the estimated worth of it has put it along some of the world’s top billionaires. The current price of Bitcoin is around $11,000 and experts say that it can grow even more this year. The more than 1000% percent growth has created a total value of bitcoins which is now somewhere around $190 billion.
This comes a long way from August when one coin was a couple of thousand dollars and two months ago when the price of Bitcoin was around $5,000. Having a value that is greater than most of the billionaire’s wealth, Bitcoin is now able to affect a lot of things on the market.
Below, we are listing some of the most significant ones eclipsed by the surge of the currency.
New Zealand’s GDP
The Gross Domestic Product of New Zealand is now valued at $185 billion which is below bitcoin. The cryptocurrency cap also beats the GDP of Qatar, Kuwait and Hungary.
Goldman Sachs and UBS
The run-up of Bitcoin has also made it more valuable than two of the world’s most influential banks – Goldman Sachs and UBS – institutions with a market cap that is below $100 billion.
Boeing
Bitcoin also beats Boeing in terms of market cap – and the jumbo jets company (and the largest aerospace company) which market cap is $162 is also less than the one of a digital currency that didn’t actually exist 10 years ago.
Bill Gates, Buffet and the Queen
Bitcoin is now more valued than the wealth of Bill Gates, Warren Buffett and the Queen of England. Despite their claims of it being a bubble, Bitcoin has shown the opposite with this amazing growth.
Do you think the price of Bitcoin is going to rise – along with the market cap?
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