In China, Bitcoin 'Nothing At All'

In China, Bitcoin 'Nothing At All'

Jakarta - Although Bitcoin is a pioneer of all cryptocurrencies, it does not make its position strong in every country around the world. This is evident from its position in the list of top virtual currencies released by the Chinese government.

In a list called the Global Public Chain Assessment Index released by China Center for Information Industry Development (CCID), part of the Ministry of Industry and Information Technology of the Bamboo Curtain country, Bitcoin only ranks 13th. The index itself contains 28 blockchain-based projects classified cryptocurrency.

The first rank is occupied by Ethereum, a virtual currency that arguably became one of the major competitors of Bitcoin in terms of market capitalization. Both are the largest cryptocurrency market rulers with Bitcoin having a capitalization of USD 140 billion, while Ethereum USD 69 billion. Overall, the market capitalization of over 1,500 cryptocurrencies circulating in the world nearly reached USD 380 billion