Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Bitcoin Now Worth More Than the Largest 4 US Banks Combined

CryptocurrencyApr 11, 2021 09:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Bitcoin Now Worth More Than the Largest 4 US Banks Combined

  • Bitcoin is now worth more than America’s top four banks combined.
  • The banks in question are JP Morgan, Wells Fargo (NYSE:WFC), Citibank, and Bank of America (NYSE:BAC).
  • Bitcoin currently has the 8th highest market capitalization.

Bitcoin now worth more than the largest 4 banks in the United States combined. Namely, the top four banks referred to are JP Morgan, Wells Fargo, Citibank, and the Bank of America.

Documenting Bitcoin recently posted the claim on Twitter. Based on Infinite Market Cap, data Bitcoin has a market cap of $1.12 trillion, which makes it the 8th ranking market cap.

In comparison, JP Morgan has a market cap of $473.85 billion. While Wells Fargo, Citigroup (NYSE:C), and Bank of America are worth $167.43 billion, $151.11 billion, and $345 billion respectively.

Further, the top crypto continues to defy expectations as it briefly surged over $60,000 yesterday, March 10, 2021. However, BTC price is currently trading at $59,603.34 after dipping 2% in the last 24 hours.

Added to that, JP Morgan has long taken an interest in Bitcoin and offered several predictions regarding the crypto. Notably, the bank recently amended its 2021 prediction to $130,000 by year-end.

Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) have also started offering their investors exposure to crypto. In fact, Goldman Sachs is rumored to be serving as Coinbase’s underwriter when the top crypto exchange is expected to go public.

This article was first published on coinquora.com

Continue reading on CoinQuora

Bitcoin Now Worth More Than the Largest 4 US Banks Combined
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email