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October 4, 2022
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Bitcoin

– Bitcoin, cryptocurrencies and blockchain technology.

Binance CEO Changpeng Zhao, in a tweet he published, pointed out that Etereum’s current capitalization of $ 73 billion is greater than that of famous companies such as Spotify, GM, Baidu, Ferrari and BMW. He also added that Binance Coin’s (BNB) market cap is significantly smaller than Ethereum, but larger than Xerox.

For comparison, the companies listed by CZ have the following market capitalization:

  • Spotify – $ 61.61 billion
  • General Motors (GM) – $ 59.51 billion
  • Baidu – $ 65.04 billion
  • Ferrari – $ 36.28 billion
  • BMW – $ 47.18 billion
  • Xerox – $ 4.48 billion

CZ noted that with ETH 2.0 and Binance Smart Chain, both Ethereum and Binance Coin (BNB) have a bright future ahead of them. Moreover, DeFi is constantly gaining acceptance as an alternative form of investing. Each of these networks will eventually be home to multiple DeFi protocols, thus increasing the value of their respective native digital assets.

BTC capitalization is ahead of Visa

CZ’s comments on Ethereum’s capitalization came after Bitcoin overtook Visa in terms of market cap. Bitcoin’s current market capitalization is $ 507 billion.

The oldest cryptocurrency may soon reach greater market capitalization than Visa and Mastercard combined. To achieve this goal, the BTC market cap would have to rise to US $ 822.76 billion, and its price would have to exceed US $ 44,300 in the near future. Looking at the recent surge in cryptocurrency interest among institutional investors, such a scenario is possible.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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