Fun Fact: $BTC now has a larger market cap than Bank of America and Bank of China combined.
BTC is sitting around $1.67 trillion, while the two banks are valued at roughly $380 billion and $326 billion respectively.
Bitcoin has reached a valuation level that puts it above two major global banks, with about 20.1 million BTC circulating and a maximum supply of 21 million.
The market is increasingly pricing Bitcoin as a major global asset, not simply as a crypto market asset.
#BTC, the evolving ecosystem# #Macro Insights#
BTC is sitting around $1.67 trillion, while the two banks are valued at roughly $380 billion and $326 billion respectively.
Bitcoin has reached a valuation level that puts it above two major global banks, with about 20.1 million BTC circulating and a maximum supply of 21 million.
The market is increasingly pricing Bitcoin as a major global asset, not simply as a crypto market asset.
#BTC, the evolving ecosystem# #Macro Insights#