Topic: Bitcoin has higher market cap than the three biggest banks in the world - page 2. (Read 459 times)

Well, if Bitcoin has a market cap of $1.37 trillion, the money is not owned by one person (Satoshi) alone but a compound sum of money from lots of investors from all over the world. When referring to the banks, it is a centralized organization, and they have some other investments and real assets that are worth a large sum of money, but when calculating their market cap, I think only investors assets and funds are what are being summed up; they don't include their own profit and assets. In my opinion, Bitcoin should not really be compared with those banks. 

I think those stocks are good to hold, if you are for the tech stocks they're still good stocks to own. But compared to Bitcoin, I'll choose of course our very own BTC.

Way to go for Ethereum, it's following BTC.

It's not actually a serious thing to look at but if we're going to appreciate Bitcoin on how it is going and keeps on going, you'd be proud of yourself that it's able to reach such market cap. We're even there before when people have been describing how Bitcoin is the digital gold and now, as gold is a reserve for most banks and even fiat currencies. I guess it's just hard to please people with what we're sharing. I can imagine about that and we're aware that we're not yet on that par in terms of users but this is just all about their market caps.

Yeah, I haven't mentioned the other tech and fintech companies. This is not a comparison though and I've just shared what I've read about how huge BTC in terms of market cap today compared to the rest. But you folks are right about there are other factors to look at but that's it for now.

I've seen some descriptions before that it's always been the banks that don't like Bitcoin. Hotels don't like airbnb and those other tech services that uses people and assets of others to offer it to consumers. While the bankers will have to look at that part if they'd join people holding Bitcoin, us, we've been on their side and have used their services and are now investors of BTC.

That's what is happening. Big money is flowing to Bitcoin and as we're going into bull run or we're actually on it already, many investors and depositors of there are starting to be aware of the game every cycle. And speaking of ICBC, they're counting on Ethereum as digital oil and Bitcoin as digital gold.
Source: World’s Largest Bank Calls Bitcoin Gold and Ethereum ‘Digital Oil’

It's not a comparison, it's a fact. How I will compare BTC's market cap with US dollars? it's got an infinite supply.  
You're right that it's no guarantee that BTC's price will move up forever but we can zoom out always the charts.

That's fine, I don't understand why a bitcoin holder wouldn't be happy to see that where in fact years ago, everyone is optimistic that Bitcoin is going to surpass these banks in any aspect of it and now, it's with their market cap.

I guess that it's been said about 400+ times that it has died and keeps on dying on their thoughts everytime they see it fall in price. But this time, we have the idea on how huge names in the banking industry discouraging people from buying it where they're the ones who are actually buying it.

I think before you write, you have quoted the image with a bit of reseach about that. The actual market cap of BTC was really higher than of those thanks to upcoming bull run and the effect of halving and its demand. It's not that hard to prove, you guys talk about the assets of these banks and they can be a different category. I'm not sure why you're not happy when you guys are preaching to buy Bitcoin and then some folks over the internet shares some encouragement on how far is Bitcoin is now based on its market capitalization and thinks that this is a comparison where it's just a visualization of their market caps. Anyway, the message from me is just about people who are still doubting Bitcoin and how big it is and the opportunity that they're missing while they can see it.

I have more details about lies from Jamie Dimon and JP Morgan bank. You can read more details with Bitwise report: https://s3.amazonaws.com/static.bitwiseinvestments.com/Research/Bitwise-Crypto-Market-Review-Q4-2023.pdf

JP Morgan Chase are participating in 5 categories of cryptocurrency. Jamie lies!

The table taken from the report shows how Jamie and JP Morgan Chase did oppositely to what they usually say on media.

I think before you guys write in support of what you read online, especially the social media handles like X (formerly Twitter) you should first verify the claim so that you are not writing nonsense. I don't know how you can prove what you wrote in favour of Bitcoin here and I do not know why you guys can't just let Bitcoin be and stop comparing it with everything. It was all about the Gold comparison before, however, with some true support from unbiased people to prove Gold's supremacy overall, such comparison has subsided but seems shifted to other things like the world's bank. This is laughable.

Well, if you must know, only JP Morgan Chase bank will buy the whole of Bitcoin almost 3 times over. The bank is worth $4 Trillion dollars according to their official report, with $303B in shares and $3.7T in assets.

Do you still have something to say about this?

This is a left hook for BTC-haters who bury bitcoin every year (it’s been a while since I heard the news that BTC will die soon ). This digital asset becomes more valuable than traditional banks (the three biggest American ones in this case). But one day the day will come when the capitalization of bitcoin will become greater than the total capitalization of all banks in the world. Can you imagine it? Based on the pace of investor interest, this doesn't seem unimaginable.

Do you mean that there are places where they only accept a specific fiat currency hence why bitcoin's popularity is increased because it can be used as is by anyone in the world?

because if so then yes I agree with your statement. Now just imagine if more countries weren't hostile with bitcoin and accepted it as a legal tender. More people across the globe will definitely use it.

actually it is not comparison mate ,  we are just happy showing bitcoin dominance against banks  and if I were you mate? maybe you should celebrate with all of us here because this is phenomenon considering that those giant banks have been around for decades if not century and knowing bitcoin is just 15 years old .
congratulations to all bitcoin holders here and there .

And why do we have to compare Bitcoin market cap with banks market cap? Is Bitcoin a bank or something?
Bitcoin is supposed to be a currency. Why don't you compare the BTC market cap with the amount of US dollars in circulation?
NVIDIA has a market cap of 3 trillion. And so what? Micro-chips are a product that is in demand. The demand for Bitcoins isn't growing that fast. All those market cap comparisons are kinda pointless. After several months or years, the Bitcoin market cap might drop below 1 trillion.
There's no guarantee that the BTC price will keep growing up forever.

The stats make logical sense if we think of Bitcoin as an international bank without boarders, unlike the said three banks JP Morgan Chase , Bank of America ,
ICBC which operate in a localised setup and can't compete with the likes of Bitcoin that have their doors open to every Jim and Jack with no questions asked when trying to bank with it and operate 24/7 which is a non compete advantage already!!!

If anything, I see money leaving these banks and going into crypto in the name of financial freedom and total control...unlike banks that control how you spend your money and will use your money to make their money and won't even share their profits with you... Bitcoins market cap is still growing for sure!!

I guess that for this very reason that bitcoin has always been the target of scorn of centralized institutions, they don't like the idea that bitcoin has more market capitalization than all of them and they know that not adapting and giving in isn't going to give them anything and at the end of the day, they're going to regret things. Nice to see that bitcoin can easily outlast 3 centralized banks alone, goes to show that the will of the people that's invested in bitcoin is so strong that it's such an insult that we're underutilizing that fact. Continue hodling and buying bitcoin, never sell until you meet the bitcoin price of your dreams.

That's nice stats, showing that Bitcoin is bigger than some might think. Bitcoin also has a bigger capitalization than Facebook and Visa. That being said, I'm not sure that it's right to compare companies, assets, and cryptocurrencies, putting everything from gold to banks and supermarket chains into one big list.
For instance, while JPMorgan Chase has a market capitalization below $600 billion, they had $3.4 trillion worth of assets under management at the end of 2023. Or, if we take Visa, its marketcap is also below $600 billion, but it powers over 4 billion cards globally, while if we estimate the rough amount of Bitcoin users, we get under 500 million, even by generous estimates. So one could reasonably ask why we're focusing on marketcap while there are other crucial factors.

Yes bitcoin is growing but it is really nothing to be cheering about! Comparison has to be done between apple to apple. banks have their own limitations and rules to play with. They are bound to follow such rules and also they are limited geographically to some extent. On the other hand, Bitcoin has no such compulsion. It can easily reach people from to all over the world where internet connection exists. So the scope of Bitcoin is much much larger than banks. So having a bigger market cap makes sense! It will become a reason for worry if it's other way around or it becomes that way in the future.

Bitcoin is larger than banks in size but with less number of consumers! Thank what will happen when the human adoption of Bitcoin grows! Can you imagine the scope?

this is the kind of thread that we keep looking and that is the success of Bitcoin over everything in world ,
and seeing bitcoin beating these banks is really amazing , congrats bitcoin and congrats bitcoiners.

congrats to  ethereum supporters as well because now that we are not expecting these things to come in this early days .

It's worth mentioning that Silver is just one place ahead with not that huge of a margin. Soon enough, it might surpass silver as one of the most valuable assets to own.
Even with bitcoin's quite expensive price, I still think that it is worth it when you buy it compared to other big companies like Apple or Google it seems pointless to try and buy some stocks. Bitcoin will still be able to give you profit even if you invest a small amount only. Of course, it is still most ideal if you can invest more for more profit.

We're already here and that's why we feel that it seems not to be important at all. But to those that are still in doubt of Bitcoin, this is a good one for them. The traditional investors that would solely trust their funds to the banks should see this.

IMHO even if they're going to push for CBDC, that's not all about investing at all. They're good to be used for payments as what Bitcoin used to be but in the long run, we're seeing how changes happen and everyone is treating Bitcoin more of a blue chip stocks and the same as gold as a better store of value.

In fact one of the top shareholders of JP Morgan has been bashing Bitcoin several years ago not until he's been vocal about investing in Bitcoin. And with that, it's possible that most of them are also putting their assets into Bitcoin. These are banks and they're here to make money compared to those that have been fully dedicated to keep on buying more like MSTR.

You spitted a fact in there. What I'd like to deliver from this thread is about people's choice and to those doubters that still don't think that Bitcoin isn't going to last. With its market capitalization and it's more than these three combined, they're missing a lot if they keep on dwelling with that doubt.

We'll see that and there's only one way for Bitcoin to go and that's up. In the world of stocks, NVIDIA is showing its own story on how it went to the top. Soon, we'd see more people and prominent ones talking more about Bitcoin. It's only a matter of time but even it will take time to be there, it's only a matter of time.

Considering the population of the world, there's really an upperhand for Bitcoin because it sets the global market for itself. While these banks are limited for where they are. However, in terms of investing, I think there were stats before that we as Bitcoin investors are still few in here. So, the sky is going to be the limit once most of those nocoiners start to get involved and many of them are likely the bigger players in the global market and have their fair share.

You keep it up brother. That small efforts that you're doing is going to be worth it and fruitful in the upcoming years. Those that you have approached before and yet ignored your talks will come by again to you and will ask you to help you out with "how-to" invest in Bitcoin.

I think even if JP Morgan has that total assets at all, it's still different from the actual market cap that it has got as a company alone. Anyway, I've just shared it here as there have been discussions in the past about comparing Bitcoin to gold and other assets and how big it is going to be in the future and now we're here and it's not yet on its peak.

The bigger the market cap is, the bigger the price is means that there's more demand on it and yes, more people are into it. Banks aren't just into servicing particular areas where they're operating, they're also investors and keep their wealths into other assets that they think will be profitable for them.

They're coming in, I don't know what to feel. Years ago, we'd be happy to discuss if they join the game. Now that they're here through BTC ETFs, they'd help the demand up. Some may feel fear that they'd manipulate the market. We've been talking about that as well for years.

Right, anyone is free to invest in Bitcoin and there's no limitation on how much you can invest and there's no minimum amount that you can on it. However, due to the exchanges minimum limits, everyone who's going to use them needs to follow that rule. But if you're buying from a friend or a friend of a friend, you can receive it however you want and any amount you'd buy from them.

We all are expecting a lot from BTC but we have to calm it down because of world events and news that are coming up together is greatly affecting it rightaway. But there are more times that it doesn't. And that's why many of us really liked it, the decentralized nature of it is what makes people want to join this emerging asset and as well as this revolution, globally. I've also watched a lot of videos in the past that these great men are telling on their videos to invest in Bitcoin even for a couple of dollars and I wonder if those that have watched them obliged and obeyed.

We're already in the digital economy and everything that's being digitized is getting its world share. Well, this might be helpful to those that still don't know whether to invest or not in Bitcoin. If they want another example, they need to take a look back on how people reacted about internet's infancy.

No doubt that they've got bigger assets than Bitcoin but that won't also stop the growth of Bitcoin when it's got on its back the entire world. People that like to get out of their situation that they're even given hard time to withdraw their money on their own bank accounts. But that's another discussion to discuss with and I'd like to stay on just their plain market caps.

Of course you can tell this is power of decentralisation, there is no much big explanation to that.

Through Bitcoin ETFs big companies put in more more in bitcoin knowing the level of freedom their finances can be in bitcoin as it wouldn't be freezed my any government.

It only has to keep growing because even with this market cap those centralised banks still has more assets than bitcoin total market cap, so even though we believe it's still growing we should be aware we are on earth being governed by governments which owns banks, We don't have to make too much comparison. bitcoin is making big moves for sure.

Even if we already have invested in bitcoin, it’s still nice to know how much there is really has adapted bitcoin. It just shows how far bitcoin has come. Bitcoin was made for this very purpose and now bitcoin has surpassed centralized banks. It’s only going to be a matter of time before everyone realizes that there is more to bitcoin despite its huge success already.

One of the biggest contributors to bitcoin being the currency that has the most market cap is those miners and, of course, investors. Those miners are the ones that mine the bitcoin itself, and that will be added to the total market cap, as will those holders or investors that are buying bitcoin in the market and actually keeping it or holding it. As supply and demand increase, the bitcoin price will most likely increase, and I do hope it happens again. Showing that bitcoin has the highest market cap out of other companies' means bitcoin is getting and getting more powerful, and if people or investors become more focused on holding their assets and not just for the short term, then there will be more marker cap and demand, so bitcoin will increase its price more, and many existing investors or holders of bitcoin assets will receive the rewards of holding bitcoin.

Yes, seems very happy to see the growth of bitcoin, actually its a very good idea, with so much digitization around and constant upgraded internet reach and speed, also may be more future companies will invest in satellite based internet to cover the whole planet, we really needed this, we are always supporting it, and glad to see it surpassing big banks with fiat.

I support this since bitcoin is being used globally, everywhere in the world. We can use Bitcoin, so we are not surprised if the market cap surpasses these banks. You know banks are using fiat, and the fact that there are some places where they will not accept fiat makes it easy for bitcoin to make it up to this market cap. The fact that I know bitcoin is digital also makes it obvious that bitcoin can definitely reach here. We all know how bitcoin started and see where it is now, so people believe that it will be more than this in the future, so before they miss out, that is why they are taking the necessary decision now.