{"id":203448,"date":"2021-03-16T15:19:40","date_gmt":"2021-03-16T12:19:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-is-now-worth-more-than-visa-and-mastercard-combined\/"},"modified":"2021-03-16T15:19:40","modified_gmt":"2021-03-16T12:19:40","slug":"bitcoin-is-now-worth-more-than-visa-and-mastercard-combined","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-now-worth-more-than-visa-and-mastercard-combined\/","title":{"rendered":"# Bitcoin is now worth more than Visa and Mastercard combined"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af1aaf8bb232\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af1aaf8bb232\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-now-worth-more-than-visa-and-mastercard-combined\/#Bitcoin_market_cap_blasts_past_financial_stalwarts\" >Bitcoin market cap blasts past financial stalwarts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-now-worth-more-than-visa-and-mastercard-combined\/#Hot_on_golds_heels\" >Hot on gold&#8217;s heels<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin is now worth more than Visa and Mastercard combined <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) did more than hit $60,000 per coin last week \u2014 it also became worth more than the world\u2019s three biggest banks combined.<\/p>\n<p>According to publicly available data, the largest cryptocurrency surpassed the three highest-valued global banking giants by market capItalization.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_market_cap_blasts_past_financial_stalwarts\"><\/span>Bitcoin market cap blasts past financial stalwarts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At its all-time highs of $61,700, Bitcoin\u2019s market cap was roughly $1.15 trillion. The combined market cap of JPMorgan, Bank of America and The Industrial and Commercial Bank of China (ICBC) is $1.08 trillion.<\/p>\n<p>The achievements do not stop there \u2014 Visa and Mastercard, the biggest payment networks, have a combined market cap of $871 billion, also now significantly less than Bitcoin.<\/p>\n<p>Since then, BTC\/USD has seen a slight pullback, bringing its market cap down to $1.03 trillion, still holding the significant trillion-dollar-asset title. <\/p>\n<p>That level was previously tipped by analysts as a likely consolidation zone, something which remains the case after Monday\u2019s dip took Bitcoin back below its previous all-time high set in late February.<\/p>\n<p>Its ascent, others have noted, is impressive \u2014 Bitcoin went from zero to $1 trillion in network value 3.6 times faster than Microsoft, for example.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hot_on_golds_heels\"><\/span>Hot on gold&#8217;s heels<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ecoinometrics\/status\/1370754532024619009\">Analyzing<\/a> the market cap data, on-chain analytics resource Ecoinometrics added that as of March 13, Bitcoin equalled 45% of the gold held in investment vehicles and 10% of the physical gold market as a whole.<\/p>\n<p>To eclipse gold entirely \u2014 something which is already a topic of debate among market participants \u2014 BTC\/USD would need to trade at $590,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/236eb1fd-c526-45c6-86b1-d775267f5849.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin market cap comparative chart. Source: Ecoinometrics\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>As Cointelegraph reported, meanwhile, both Visa and Mastercard are coming to terms with the need to incorporate Bitcoin in their corporate strategies going forward.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-is-now-worth-more-than-visa-and-mastercard-combined\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin is now worth more than Visa and Mastercard combined &#8221; Bitcoin (BTC) did more than hit $60,000 per coin last week \u2014 it also became worth more than the world\u2019s three biggest banks combined. According to publicly available data, the largest cryptocurrency surpassed the three highest-valued global banking giants by market capItalization. Bitcoin&#8230;<\/p>\n","protected":false},"author":1,"featured_media":203449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvYzNlMWUxMWYtMWZlYi00MDIyLWFiNWEtZWE0YWVlNzE1YTI4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,75802,77423,77456,73785],"class_list":["post-203448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-jpmorgan","tag-mastercard","tag-visa","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/203448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=203448"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/203448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/203449"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=203448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=203448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=203448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}