Bitcoin Hits New All-Time High Over $4,400 As It Catches Paypal In Total Market Cap
One year ago today, bitcoin was trading at $570 USD.
Today it just hit a new all-time high over $4,400 and has a market capitalization of over $72 billion.
That now puts bitcoin on the same level as Paypal, which as of today, also has a market capitalization of $72 billion.
Likewise, bitcoin’s market cap is now greater than that of several major financial institutions including UBS and Prudential which stand at 65.72B and 48.41B respectively.
Bitcoin’s value of $4,400 does not include Bitcoin Cash, which was forked off of bitcoin just two weeks ago and is currently trading near $300.
Combined, for those who held bitcoin prior to August 1st and who haven’t sold their Bitcoin Cash, they now have a total value of $4,700.
This massive rise in bitcoin has caused another big spike in the market capitalization of all cryptocurrencies to a new all-time high over $142 billion
And bitcoin has regained a total dominance over all other cryptocurrencies by moving just slightly above 50% again.
To say that bitcoin has been doing unbelievably well would be an understatement!
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I’m thrilled to see bitcoin surpassing Paypal and look forward to the day where Paypal no longer exists. Anyone who has ever had dealings with Paypal will understand that sentiment and likely be cheering along with me!
I'm getting onboard this evolution. Got my bitpay wallet where I hold the keys, but are having a hard time being able to convert any fiat New Zealand dollars into Bitcoin so I can purchase a Bitpay Visa card. I fully intend to do tattoos for Bitcoin more and more as this evolution gains traction.
I personally would keep all these cryptos and not convert into fiat. I see the future in not spending in dollars (or any fiat) but spending my cryptos with a debit card like Monaco or TenX pay whatever is available.
I agree, do not convert into Fiat unless you really need the money, or else just keep it and watch your money grow.
I agree on many levels with you... However, I do think just as there was the .com crash we will see the same thing happing to crypto. I do also think that bitcoin will have a pull back and then next year Feb reach all times high's once more.
Bitcoin is an amazing opportunity. It can improve your financial situation quickly. However, the general public is still reluctant. People think that Bitcoin is too volatile, not safe and has no real value. That's what most reluctant people think. They don't realize that cryptocurrencies are more and more used in the economy. They're going to miss the train...
Totally agree.
The general public is always reluctant.
If the general public were ever ready to accept new technologies and ideas, then the world would have been much different.
If more people had invested in the Stocks way back when it was introduced then much more would have been like Warren Buffet if only people had accepted automated factories. But people are always reluctant, and this causes the economy to progress at a slower pace.
You've got the magic touch.
You're a true professional.
I think soon, in few week later, bitcoin will achieve the 5000$ barrier. It's a question of time.
It will take at least one more month to cross $5000 mark.
You've exceeded my expectations.
People who used to look at me funny when I talked about bitcoin are now asking me how to open a wallet:) there's a slight sense of satisfaction in that...
This is so true lol
As Per the Recent News, Soon BitCoin will be Accessible Via Satellite. Which Says or Proves that It will be ahead of all the Existing Systems SOON !!! So, Only We can Say is "LONG LIVE BITCOIN"...
Jeff it is great to see you back. I missed you for like a week or so. I love the Dog Walks too on the @jeffberwick channel. Love you Brother !
But the music video Jeff left week ago was so spot on
What are your thoughts on the correction that usually follows these massive price spikes ? Surly one is coming soon ?
Or has the world finally woken up?
FUCK paypal! Bitcoin to the moon! Awesome post, upvoted :)
P.S I have a SBD giveaway happening on my most recent post, check it out for some free SBD ʕ•ᴥ•ʔ
https://steemit.com/steemit/@retrac/my-first-week-on-steemit-or-free-sbd-giveaway
That's so wild! Everyone has crypto regrets but trust me it's still early when we're talking about inbuilt exponential growth. We've all experienced inflation. Get you some STEEM/Bitcoin and enjoy deflation.