Bitcoin surpasses the market capitalization of Wells Fargo & Co.... Only Bank of America and JP Morgan & Chase left... "WallStreet still struggling to comprehend"
Bitcoin surpasses the market capitalization of Wells Fargo & Co as it sails to another milestone of a market capitalization of 300 billion USD. At the time of writing, 1 bitcoin is currently price at $17,700.20 according to CoinMarketcap giving it a market capitalization of $296,248,689,905. Bitcoin also saw an impressive 24 hour trading volume of $14,715,600,000 with several exchanges experiencing an average 24 hour trading volume above $250,000,000.
Bitcoin Stats
.png)
Bitcoin journey of 2017 has seen it surpass the market capitalization of WallStreet biggest names including Morgan Stanley, Goldman Sachs and Citigroup. Wells Fargo & Co is now added to that list with Bank of America and JP Morgan & Chase just hanging on. Wells Fargo current market capitalization currently stands at $292.06 billion with a stock price as of today close of $60.33 USD. Bank of America current market capitalization is $303.01 billion and JP Morgan & Chase leading the pack with $367.55 billion USD. While JP Morgan lies some distance ahead, Bank of America could be another record added to Bitcoin collection of 2017. This certainly is remarkable and note worthy achievement of Bitcoin as it snails through America TOP4 financial powerhouse with ease.
Interestingly, Wells Fargo & Co has been place under scrutiny as struggles with numerous fraud charges that seems to grow by day as investigators unravel the "real scam". Even the President Trump has taken a go at the bank insisting that the penalties would not be reduced but could be increased as the story unravel of its mistreatment to customers. "WallStreet analyst" seem to forget this story as they try to paint a picture of fraud, ponzi, and scam on Bitcoin. Nonetheless, Bitcoin and the entire cryptocurrency ecosystem continues to march ahead achieving another today of half a trillion USD according to CoinMarketcap.
.png)
How long can Bank of America and JP Morgan & Co, or better put our legacy financial system remain relevant. Its interesting how these analyst continue to sing the "bubble" song without mentioning how the present financial system has displace so many and has eroded the wealth and sacrifice of so many families that barely get by. Probably WallStreet would get the message when Bitcoin and other cryptocurrency provide the freedom and opportunities that so many seek.
Sources
https://coinmarketcap.com/currencies/bitcoin/
https://www.marketwatch.com/investing/stock/wfc
I can't wait until Bitcoin surpasses Amazon and Apple. That would be the most epic day in the history of crypto!
Can you just imagine the headlines? CNBC and Bloomberg will be shitting bricks.
Lol... CNBC is already pumping none stop, I see Bloomberg is picking up the pace now... it would really be a frenzy and the mania would be crazy and its not so far fetch now, Bitcoin price moves are much sharper now and the hodlers hands are strong... with the kind of demand, we say moon but we probably be shorting ourselves
Nicely done bitcoin now its time to take out the other banks
I know this is very irrelevant on your post and I want to say sorry before hand. But my! You are both in medical sciences and into crypto as well. I applaud you sir.
But what coin should we buy everyone for Christmas? I have been in for months and I am jolly giddy.....but what should we tell our friends and family?
Get them on Steemit, its a good place to start...Tell your friends and family of Steemit, get them on board... Many awesome writers, you would surely get some great ideas of other coins by just reading post, but due diligence is always first but here is definitely a great start........
As for coins, low cap coin, POS/ POW scrypt algorithm, preferably mineable, workable product... alot of noise with regard to coins but eventually you would find your way
Bro it looks like I went ruined as I dont have much btc lol @daudimitch