Monday, November 20, 2017

Sam Blumberg- Bitcoin market capitalization greater than New Zealand GDP

Bitcoin, a digital, decentralized currency, had a huge price surge that makes it's market capitalization get bigger than the annual output of whole economies. The market tracker coinmarketcap.com puts the total value of all bitcoins at $190 billion. This is a lot of money: it out-sums that of New Zealand, Bill Gates, Warren Buffet, Goldman Sachs, Boeing, and even the Queen. This grow in popularity f bitcoin can mean a large change in economy in the near future- but many governments might just make their own digital currencies to outdo Bitcoin.


http://www.livemint.com/Money/1d3uviKbQo97BqKkZ1FScI/Bitcoin-now-bigger-than-Warren-Buffett-Boeing-and-New-Zeala.html?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle

No comments:

Post a Comment