currently the total speculative capital invested in Bitcoin (BTC) is only a few billion dollars dwarfed by the Bank of America market valuation.
According to the Coin Telegraph, the current market value of Bitcoin cryptocurrency is just over $ 217 billion, while Yahoo Finance shows that Bank of America's market value is slightly higher. About $ 226 billion - a comparison made in a recent article from The NextWeb.
Although Bitcoin has been subject to massive fluctuations in prices, its price has grown dramatically in 2020, surpassing the many different fortune comparisons along the way .
Back in March, before the measures of the Coronavirus (Covid 19) turned the world upside down, the US Central Bank pumped the economy with capital of 168 billion dollars. At that time, the market value of Bitcoin was approaching $ 145 billion.
And last April, Amazon CEO Jeff Bezos announced that his net worth is close to $ 140 billion, with Bitcoin's market value approaching $ 130 billion.
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Since then, Bezos's net worth has reached $ 193 billion. However, Bitcoin's value is still higher, near $ 217 billion.
Bitcoin can reach astronomical heights
On an August 4 cross-podcast episode with Peter McCormack, host of the What Bitcoin Did podcast, Morgan Creek Digital co-founder Anthony Pompliano recently predicted the Bitcoin market cap In the future by more than $ 80 or $ 90 trillion sometime before the end of time.
However, Pompigliano said he's not sure whether Bitcoin will reach such a market cap in his lifetime.
(Amazon Fun Knowledge)
