All the major speculative capital invested in the leading cryptocurrency Bitcoin [BTC] at the instant totals just a couple of billion dollars shy of Bank of America’s market valuation.
At the reporting time, Bitcoin’s present market capitalisation sits just over $216 Bln, consistent with CoinMarketCap, while Yahoo Finance shows Bank of America’s market cap holding slightly over $226 Bln – a comparison introduced within a recent article from the Next Web.
Bitcoin’s Price Growing Substantially This Year
Although it’s endured its justifiable share of dramatic price fluctuations, Bitcoin’s price has grown substantially within this year, rising past several different wealth comparisons along the way.
Earlier in March, just before the coronavirus measures turned the world on its head, the U.S. central bank pumped the economy with $168 Bln in capital. At the reporting time, Bitcoin’s market cap held near $145 Bln.
Also in April, Amazon CEO Jeff Bezos’ touted a net worth of roughly $140 Bln, with Bitcoin’s market capitalisation somewhat near $130 Bln. On paper, it seemed Bezos could have bought all the Bitcoin in circulation with a couple of billion to spare, although the mass purchase would likely prove impossible in real world due to factors like price inflation and liquidity.
Since then, Bezos’ net worth has reached a staggering $193 Bln. Bitcoin’s valuation, however, remains higher near $217 Bln.