In just a few years, Bitcoin has become the 6th most powerful currency in the world and has more value than many developed nations and industry giants.
Bitcoin is radically changing the way we do things, and even, possibly, our way of life. And, most probably, the cryptocurrency might be causing a shift in the global economic balance of power in inexplicable ways. In less than a decade, it has become worth more than some of the most powerful industries on the planet, such as IBM, Disney, Nike, and McDonald’s.
Indeed, Bitcoin’s spectacular price trajectory has pushed its market capitalization, as of this writing, to more than $194 billion USD. As a result, Bloomberg reports:
Bitcoin’s extraordinary price surge means its market capitalization now exceeds the annual output of whole economies and the estimated worth of some of the world’s top billionaires.
Specifically, the Bloomberg article reports that Bitcoin is now stronger in asset value than New Zealand, Boeing, Bill Gates, Queen Elizabeth, and the Oracle of Omaha, super-billionaire Warren Buffett.
In November, other reports indicated, “Bitcoin has surpassed the M1 values of Ireland, Denmark, Singapore, and others in the top 30 currencies worldwide.”
Source/More: Is Bitcoin Shifting the Economic Balance of Power? – Bitcoinist.com
