Dec 19, · Bitcoin has a current market cap of about $ billion, while that of gold's stands at roughly $10 trillion. This week the cryptocurrency gained Author: Shalini Nagarajan. Market Capitalization = (Priceof BTC) x (Totalbitcoins in circulation) Similar to the way the Market Capitalization of a company reflects the perceived worth of its business, the Market Capitalization of Bitcoin Core (BTC) reflects the perceived worth of Bitcoin Core (BTC) as a value network. It's also an important metric for liquidity and utility of the network (for example, it would be difficult to perform . Dec 19, · Bitcoin has a current market cap of about $ billion, while that of gold's stands at roughly $10 trillion. This week the cryptocurrency gained Author: Shalini Nagarajan.
What is bitcoin market capitalization• Bitcoin market cap | Statista
But Bitcoin is more than just one thing. Bitcoin is actually more than that. It is a symbol of something. It is a working product. It is a revolutionary tech invention. Anyway, if you are thinking about investing in Bitcoin check this guide out.
And number two on the list is Ethereum or more correctly, its cryptocurrency Ether. Ethereum was holding fairly strong since the fall of the crypto market, though not as solid as Bitcoin. In my personal opinion, Ethereum will have to step up with its 2. If cryptocurrencies will be widely accepted, there is a need for several stable coins.
Not sure but it seems highly likely. Yet, stable coins are offering a more stable cryptocurrency, unlike the high volatility of top digital assets such as Bitcoin, Ethereum, etc. The use of stable coins can be more significant in the future as it can be a bridge between the blockchain world and the non-blockchain world.
Vitalik agrees with me. Ripple has made a huge success by integrating its technology to banks and large financial institutions around the world so does Ethereum. Yet, there are questions revolving around the Ripple coin and the technology behind it. Is Ripple decentralized? Is it a true blockchain? On the other hand, there are people who believe that Ripple has huge potential. Last on the list is Bitcoin Cash. Here, my opinions will shine through. That is about 17 million wallets created since December The exchange saw a broadening of adoption and ownership of crypto assets this year as more people continued to want in on acquiring the token.
As many as million people own crypto assets today, according to Hileman. He noticed a lot of the recent price action was driven by institutional investors, based on transactions that occur on the chain, and is unlike the retail investor frenzy of On-chain demand and other metrics suggest that the rally was driven more by institutional hedge funds, family offices, and money managers.
Hileman expects to see continued buy-in from retail and Wall Street investors going forward, rather than corporates. That's because it is harder for bigger players to participate than professional investors who already have accounts and easy access to major exchanges, he explained.
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