Topic: Bitcoin has higher market cap than the three biggest banks in the world (Read 459 times)

I think one factor is its price, in the past, many doubted it and never thought that it would be as big as it is now. You're right, most of the people who have it now are treating it as an investment, a store of value, and not a currency. With the volatility of its price together with the fees, many don't like to use it as what it should be but it's not a problem as this is what's good about Bitcoin. You can use it however you want.

That's davinci, I knew him but not from 11 years ago. I only knew him when that video of his went viral I think somewhere from 2017 - 2021. I can't remember exactly. And speaking of market cap still, NVIDIA is now the #1.

It really hard to understand what is motivating people to invest or adopt BTC. It might be due to its past nature like how it made people millionaires, or how it helped people gain their life goals or how it made us independent of centralized authorities or etc. I think at the current stage people are adopting it to make a profit out of it. They are taking it as an asset, not a currency. This also hurts the main idea of the BTC but in the long run, it is beneficial for BTC.

Speaking of videos, there was this dude who says buy BTC of 1$ only (https://www.youtube.com/watch?v=Cw29h7LhEuE) and now he is living a luxurious life (https://www.youtube.com/watch?v=zRYoRR40NIw) which means he must have bought BTC for himself too. You can watch the videos I provided to confirm. He recently uploaded the same video where he is begging people to buy BTC but this time it is not of $1 well he asks everyone to buy BTC in his every video now.

It's not worth to look, ok. That's fine if that's what your preference is. It's true that the numbers will definitely going to come down once it goes in a bear market. But we do get the idea here I think that for every bull run, if Bitcoin doesn't get more than 2x on the next bull run from what we've got right now, it's probably the same measure again. Actually, this isn't a measure but it's just a fact about its market capitalization with the combination of the three. And so if it won't more than 2x or just stay at 2x in the upcoming years, sure these market caps of banks will also multiply but we know the attitude of Bitcoin every cycle that it moves up.

I guess I've explained what it is all about and it doesn't have to be long. But yes I agree, you're right.

Yes, but the point isn't about comparing their assets to Bitcoin. It's just all about the sums that these three have and how much Bitcoin reached from now on. And just a simple reminder that those doubters of Bitcoin are seeing that it's grown a lot and has a market cap as big as these banks and even more combined.

I guess, that even the spread of being happy on what Bitcoin has met with its market cap doesn't make you folks happy. Because for me, even if I'm not as old as the others that has entered this market, from the low market cap that it has got when I started to invest on it. Now that it has grown a lot and seeing how much it is a trillion dollar market cap makes me happy.

Bitcoin reflects a notable shift in how value is perceived and stored in the modern economy. Bitcoin market capitalization has surpassed that of the world three largest banks , highlighting the cryptocurrency strong future, rapid growth, growing impact on global finance.
But the fact that the value of Bitcoin is increasing is not something to be happy about . Every bank has its own constraints, rules within which it has to operate. But in the case of Bitcoin, this catchment barrier has no rules and no obligations.  It can be given to people of all countries who have internet and android mobile connectivity. So Bitcoin has much more reach than a single bank or a centralized bank. But all these bitcoins are held by a small number of people .
Bitcoin will increase in value and become more accessible as people all over the world start accepting it.

Bitcoin brings many benefits and we have many reasons to choose bitcoin, such as it gives us the best privacy, full control over our assets...But I think the biggest reason we chose bitcoin is because of its volatility, people take advantage of its volatility to make profits. That's why many investors are willing to store their bitcoins on centralized exchanges, buying bitcoins through ETFs. So do you think that if bitcoin becomes stable and no longer brings much profit, will people still be interested in it?

Decentralization and volatility make bitcoin special. So I guess not too many people expect bitcoin to become stable, and losing one of those characteristics would make bitcoin less attractive.

If we talk about stocks and Bitcoin, then it's clear and very good that Bitcoin has a higher market capitalization than the stocks of many other banks but it's still not a right comparison. These banks operate locally, for specific countries and populations while Bitcoin has no borders. Anyone from any part of the world can easily buy Bitcoins but it's not that easy to buy stocks, at least in my country it wasn't easy till 2020.
Besides stock market capitalization, it's fair to say that Bitcoin can't stand close to the value of assets that JPMorgan, Bank of America and IC Bank of China.

They definitely do. I think this is what pushed bitcoin etf to be finally pushed through. This is so big companies will be able to officially buy bitcoin even if it is indirectly bought.
Now banks and other big companies will surely be looking into what makes bitcoin so appealing and unique and try to implement that on their own brands just to compete again with bitcoin.

We already know Bitcoin and have invested well in Bitcoin, this is not new for us because we know everything related to Bitcoin but this post is for newcomers and those who don't trust Bitcoin much and think that Bitcoin is like any other coin and if you invest your money in it, it will sink. We know about Bitcoin and think that the whole world is aware of it but it is not so, there are still many people who do not know about Bitcoin and there are also many such traders.

Those who like to trade in alternative coins other than Bitcoin because they feel that Bitcoin investment may take a long time and also Bitcoin may deceive us and the market will fall. BTC also could not get back to a stable condition, so such posts are meant to clear the concepts of such people so that they can see what is the performance of not only us, but the overall Bitcoin and the importance of Bitcoin. And I think such a post should be heard so that beginners can get help from it and understand the importance and usefulness of Bitcoin.

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/

I think there will come a time when Bitcoin will be more stable than it is now, and when it reaches its peak price, the investor will not want to have dollars, but will leave Bitcoin in his wallet. Of course these are lyrics. But nevertheless, we strive precisely for the unquestionable value of Bitcoin.

I of course read it well before I replied to you and also researched very well in addition to what I knew already before making my contribution which refuted what you wrongly claimed. Also, why should I add the image when the gist on it is also replicated in the writing here? I don't know the difference it will make when it is even directly buttressing the title in the OP, which of course is not correct.

Besides, it is laughable for you to say we should stop ascribing the worth of a company to its assets. If I may ask you, what does an asset mean? Is it not a worth? If JP Morgan Chase bank is sold today, the valuation will be based on its worth which includes its asset, or do you think otherwise? Just like Bitcoin if all of it were sold today, it is the market capitalization that is its worth because it is a liquid asset. This liquid asset is not even as reliable as a physical asset which JP Morgan Chase has in abundance.

So, it can't be a heretic claim by the bank to have $3.7T worth of assets and $303B shares holding. If it is even the shares holding you are alleging, it would have been better, but saying their asset is not contributory to their worth can only prove you don't even know how worth is being evaluated.

im new in electrum, bitcoin:bc1qlj4u7h88ywf4qvh86jks9l8yj9dpxx33dh3cum?amount=0.1&message=testing%20payment%20for%20me&time=1718261215&exp=604800 testing send for me

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.

Yes, it's just a market cap and the same goes for other companies like Google, Amazon, etc. They're valuation of the entire companies and with Bitcoin as a whole. And it's not really a comparison against the banks, it's just how we view Bitcoin's growth over the past decade and so.

And from that point, you're able to witness how's the growth of Bitcoin from the time you've start investing on it and from the current time. And not just that, it's going to continue to grow for the upcoming years. There will be some ups and downs for sure but it's only going upwards.

And not just from being told so, they are able to witness the actual thing for Bitcoin. The bears and bulls are visible on it and there's nothing to hide with its market. I remember those days when a lot of articles were popping about Bitcoin's dead, Bitcoin's a bubble, a fad, whatsoever but here it is and have broken all of those negative impressions and FUD that have been spread.

Yep and thanks for the reminder about verifying it. I'd do better next time but I did a search about its market caps and that's what it shows and for sure it will change over time.

Agree, and that's much better.

Possible to change but I'm feeling that it's gonna be positive than that. There's so much in project and most of it are going to fly by night and will soon be gone and the market cap from those projects are surely going to flow if not with some other known altcoins, surely it's going to be Bitcoin's.

And not only that, we can even compare Bitcoin Market Cap with some country's GDP (Gross Domestic Product).

And it's crazy how a decentralized project can be worth that much, and it can be worth more, there is no limit since countries can get in infinite debt to capitalize a project like Bitcoin and Cryptos.

Something that feels weird to me is the fact that bitcoin Market capitalization is more than 50% of the total crypto market cap, i feel like that's something that will change in the future.

That is possible and as they say that those who spread FUD's are also the ones who take advantage of its effects and we know that lots of banks are showing how they hate Bitcoin. On the other hand, indeed that it's surprising how Silver performs now because this asset was only chilling before. I mean it's not like the other who are being talked about much. Silver isn't bad at all so I'm happy for what it achieved. May this gives a motivation to other slow performing assets or projects to also do the same thing. BTC was still newer than them so I agree that there is still a chance for it to rise more and surpass them in the future.

But, it was being debated before? I guess not. You can't go wrong with it.

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!


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!


Then wouldn't it be better to compare banks to exchanges? 

It's a good feeling to know that Bitcoin will continue to grow. As you said, it doesn't mean much that Bitcoin has a larger market cap than banks, so for Bitcoin it's nothing yet. This is good news in terms of Bitcoin's spread and increase in investors, and when we look at its development, Bitcoin's success is huge.

If Bitcoin continues like this, many states will accept it as legal and the value of Bitcoin will rise even more.

To be honest, If you see, now more people than before will have understood the potential of Bitcoin. That is, now these people have been told that Bitcoin is really one of the best investment assets. Earlier people used to see this Bitcion as a bubble and they thought that it will end after rising i.e. popping up. But the reality is not like that, now slowly the world has come to know that there is nothing better than Bitcoin and Bitcoin has proved it in many cases i.e. it has left behind banks and fiats.

Hmm yep mate!
It is not too late to invest in Bitcoin. If you want to invest, the quality of Bitcoin is that it gives you an opportunity because of its volatility. Investing in Bitcoin will keep you in profit because Bitcoin follows a long time bullish pattern.

This doesn't really mean much, but it is still good to see it because it is a feeling that makes us realize that we are doing something right. When it was much lower, it wasn't a feeling that we liked to see the market cap small, it was only a few billion dollars when I joined, not trillion, when I first joined it was like 4-5 billion dollars for the whole bitcoin marketcap, and now look at where it is.

When you grow from there to here, you realize two things, one is the fact that we are going to keep growing maybe not as quickly but still keep  growing, and the other is that if I invested and not sold then I could have been a very wealthy person without a doubt. Instead of focusing on the second, I try to focus on the first.