What if bitcoin went to zero?

THE RECENT expansion of the crypto-universe is a thing of wonder. Only a year ago there were about 6,000 currencies listed on CoinMarketCap, a website. Today there are 11,145. Their combined market capitalisation has exploded from $330bn to $1.6trn today—roughly equivalent to the nominal GDP of Canada. More than 100m unique digital wallets hold them, about three times the number in 2018.

Holders have become more sophisticated and deep-pocketed, too. Institutions account for 63%…


Source link

About bitcoin

Check Also

Bitcoin slides on environmental concerns but backers hope for a $100k high

The amount of bitcoin held on exchanges like Coinbase and Binance, have dropped to lower …

Leave a Reply

Your email address will not be published. Required fields are marked *