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RE: Bitcoin's network is now more valuable than the GDP of New Zealand
It's not that large compared to gold. Still in a nascent stage with a lot of potential to grow
It's not that large compared to gold. Still in a nascent stage with a lot of potential to grow
This is a great measuring stick as far as Im concerned. Gold is about 7 trillion because investors like non inflationary investments but BTC is that and more.
Its hard to carry a mill in gold bars not so hard to carry a pen drive w a 100 BTC on it. :)
Bitcoin will eventually have a cap of 1.5 to 3 trillion itself, when the coin market cap is between 4 to 6 trillion.
And I wouldnt be surpirsed if crypto market cap was 3 trill next year.