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.

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.

There was this video around 2014 which I saw a few days ago, in which the person was saying BTC is a good investment while another rich man was saying it is a bubble that can pop anytime. And the dude who said BTC is good, he says because there was around 1.3$ Billion market cap of it at that time. And now the market cap is in trillions. I mean it's 1.37 trillion dollars. That's insane. I am getting the vibe in a few years this trillion figure is going to be changed as it changes from billion to trillion. I hope I am not expecting a lot from BTC. Although I am not expecting or hoping it to do that I am still just in case.

These banks are still considered safe by traditional people I wonder how will they behave after listening to this information. I hope they will at least start to consider it for investment but that's not my purpose in convincing them because with time as it will be adopted more by many countries left, they will auto be convinced to invest in it.

If we are to compare the worth and market cap of bitcoin to all other cryptocurrencies in the world, we are going to discover that bitcoin is still more far fetched than what they all constitute altogether in cryptocurrency, this tells us that bitcoin is the major global attraction on both the economic and financial regulatory part of the world and the government cannot do anything against it, all these were so because it provides the answer to every challenged situations regarding finances in the economy.

Some big banks have already confirmed their exposure to Bitcoin ETFs. JPMorgan Chase holds positions in BlackRock's, Fidelity's, Grayscale's, and several other ETFs. 
I haven't heard any news that Bank of American owns any Bitcoin ETFs, but some other US and European banks have smaller and bigger positions in various funds.

That's what Bitcoin prefers because it can be bought easily in any country even with non-KYC as you said, but fortunately what I see now is that some countries have been friendly to bitcoin as a commodity asset and should never be used as a transaction tool except in countries that are already legal western countries for example.

To buy foreign stocks such as the US then for me it is difficult to find a local broker on average that I know local stocks are more in demand because stocks from the US are too high.

I'm not comparing but still bitcoin has a wider range with a large enough capitalist especially if the price reaches $100K it will be even higher MC.

I agree with you, but don't you think that part JP Morgan assest was inherited and it means that those asset have been there from one generation to another generating profits which has increased the market cap of his asset. Bitcoin is still young and if as presumption, the price of bitcoin increases overtime, we might see bitcoin market cap above JP Morgan total asset market cap. Those banks have been in existence even before I was given birth to.

Thanks for the list.

Does that clearly mean that more and more people are into Bitcoin investment than banks? I can also see a reason where banks are only limited to residents, investors and it's users if I am not mistaken while Bitcoin since it is a decentralized revolutionary asset it literally means that whoever you are, wherever we are in the planet as long as we embrace the idea of Bitcoin we can invest on it anytime and anywhere that is what I think the reason why it has that capitalization I could be wrong but who knows? 😅

I find this comparison lame and nothing worth celebrating. Why don't you try comparing bitcoin with corporations like Apple, Nvidia or Microsoft? All three of the above corporations are in the United States and if I remember correctly, all three have a capitalization of over $3 trillion, double the capitalization of bitcoin or even higher than the entire cryptocurrency market.

In my opinion, bitcoin is an asset, an investment, and for a fairer comparison we should compare bitcoin with gold and silver, not with companies and corporations.
As Odohu said, these interesting comparisons are only intended to strengthen people's faith in bitcoin and have no meaning. I will really celebrate if bitcoin's capitalization can surpass that of gold, that's something for us to be proud of.

Comparing apples and hotdogs!
It's like comparing the total value of gold with the assets Caterpillar has!

And what are we even comparing here, all the money that Bitcoin is worth now with what?
If we compare with the total assets JPMorgan for example is having under its control those alone are 3.9 trillion!


Then how do explain the 3.9 trillion in assets JPMorgan has?
There are 23! banks in the world each with more assets under control than the total marketcap of bitcoin
https://en.wikipedia.org/wiki/List_of_largest_banks

This is a great news. Bitcoin adoption is growing worldwide. Individuals are adopting Bitcoin, big financial institutions are adopting Bitcoin, families are adopting Bitcoin and this is because they have seen its future potentials. To keep takeaway for me is that my small efforts in my country to talk about Bitcoin online and offline so as many people who shows the slightest interest in Bitcoin is not in vain. Because it is having a ripple effect worldwide.

You can buy bitcoin no matter where you are living and your nationality. You can do it legally if Bitcoin exchange is allowed by law in your country but if it is Alegal, you can buy it too without considerable potential problems by laws and with government.

If Bitcoin exchange is prohibited (illegal) in your nation, you can still purchase it through non KYC exchanges but you surely must concern about legal issues potentially with government.

https://newhedge.io/terminal/bitcoin/legality-map

But, we can still able to buy US's company stock even we're not an American, I'm not sure in your country, but in my country I can use local broker to buy US's company stock. Although it's true Bitcoin is more widely since no one can stop people to own Bitcoin.

If most people think like this, those three banks would be bankrupt or they have very low market cap.

Of course I am not surprised at this, because bitcoin is a commodity and whoever buys bitcoin is adding to the market cap. Bitcoin is bitcoin worldwide, but those banks are in various places and their operations is in fiat. Those banks can print more money but bitcoin has limited supply of 21 million.

It will be impossible for centralized bank to have higher market cap than Bitcoin because gradually fiat is depreciating and bitcoin value appreciates, which is giving people more confidence to invest in bitcoin and abandon fiat because of lack of confidence in fiat. Banks are run by individuals but bitcoin is decentralized.

It is possible that in the next 4 years Bitcoin will occupy the top 5 positions, with its worldwide popularity and can be adopted by anyone, the potential to encourage a larger market cap can no longer be stopped. After this year's halving, many institutions have opened up to Bitcoin and are no longer afraid of its volatility. Because with the remaining supply of bitcoin dwindling, people and institutions are increasingly fighting over the remaining bitcoin. Since this is a value issue, I think banks are eager to recognize that Bitcoin's market cap will shift them as adoption increases across a wide range of financial institutions.

I don't care about ranks of Bitcoin and three biggest banks especially banks but through your thread, I would like to say one thing.

These banks have longer histories than Bitcoin, they are all centralized, while Bitcoin is decentralized and no government, no founder, no core team developers control Bitcoin protocol. No terminate button to freeze any Bitcoin wallet or address like with commercial banks, your account always has risk to be terminated, fund can be frozen.

Similar risk with centralized cryptocurrency exchanges.

• Reminder: do not keep your money in online accounts

And what if some of these banks are making their investments behind the scene. Well, we can never tell. Seeing silver ahead of Bitcoin was quite surprising. I remembered how Bitcoin surpassed silver in it's last ATH break out. Seeing the entire list, Bitcoin has a better potential as there are more price discovery to be seen. As Bitcoin continue to break it's ATH with more investors coming on board, Bitcoin will unarguably climb to compete with the top 5 on the list. As Bitcoin continue to grow and break it's ATH, we won't even be competing with most of this banks and companies in terms of market capitalization. As for those of us here, HODL shouldn't be a debate again as the journey keeps getting interesting.

Not surprised about this since.

Bitcoin global investors reach on any parts of the world.

While the Businesses of those 3 giant companies are just operating in limited jurisdictions.

So expect that Bitcoin would really dominate in terms of marketcap since its more accessible to a lot of investors that's why there are some entities want to disrupt it and push their personal interest since there's really huge money involve that might transfer to what they are promoting. That's why maybe they push CBDC since they know that its more beneficial for controlling bodies to operate this rather than bitcoin which they are totally out of control on this asset.

I saw this post yesterday when I visited CMC but I didn't pay much attention to it because it was not too important to me as I'm already invested in Bitcoin. I think the post is all about telling people to have faith in Bitcoin given how well it has performed and the potential it holds, being an asset with limited supply amidst growing demands. Indeed those who have not come to terms with the fact that Bitcoin is a huge opportunity can clearly see how the future might look like... a situation where Bitcoin will be the dominant topic in the financial world and those who are invested in it confident and proud as those controlling the shares of these famous banks.

While scrolling on coinmarketcap, I've seen this post of watcher.guru that Bitcoin has a higher market capitalization compared to the three biggest banks in the world, even combining them all.


X link source: https://x.com/WatcherGuru/status/1799853290538365141

Based on: https://companiesmarketcap.com/assets-by-market-cap/
Here are their current rankings:

Bitcoin currently ranked at #9
JP Morgan Chase ranked at #16
Bank of America ranked at #35
ICBC ranked at #45

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I do hope that people will realize the full the potential of Bitcoin. It has surpassed the combined market cap of these known banks globally and if they value their money, it's not too late to invest in Bitcoin. Everyone is also free to check out that link above about to see what are the other notable and top coporations that has surpassed by Bitcoin in terms of its market capitalization.

PS: Ethereum ranked at #24 which is higher than the two above.