A Visual Comparison Between Bitcoin and Other Markets

The market cap of cryptocurrencies, the world’s fastest growing asset class, has surpassed $677 billion. And bitcoin itself has surged past the payment processing company Paypal and the fast food company McDonald’s. Still, it looks tiny compared to other global markets.

Also Read: Chinese Bitcoin Mining Giant Bitmain Establishes Branch in Zug, Switzerland

A Visual Comparison Between Bitcoin and Other Markets

The site The Money Project has put together a series of interesting pictures describing the market cap of the world’s money and markets. Each block square is worth $100 billion.

Apple, a world leading tech giant, has a market cap of over $800 billion. But Bitcoin prognosticator Ronnie Moas, founder and director of Standpoint Research, predicted that “Bitcoin needs to be taken seriously as within five years it could reach $800 billion.”

A Visual Comparison Between Bitcoin and Other Markets

The world top 50 richest people are worth a whopping $1.9 trillion. Bitcoin’s pseudonymous creator Satoshi Nakamoto with his coins unmoved from day one is also in the billionaire league. And in recent weeks, ripple’s record highs have propelled its co-founder creator Chris Larsen to one of the world’s richest people. He owns 5.19 billion of its XRP cryptocurrency, which gives his holdings a rough value of $12.82 billion, according to Forbes.

A Visual Comparison Between Bitcoin and Other Markets

The total value of the Read More Here