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22 April 2021

Bitcoin Above $1 Trillion for 10 Days As Crypto Outgrows US Banking Industry - Decrypt

Bitcoin Above $1 Trillion for 10 Days As Crypto Outgrows US Banking Industry - Decrypt


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Bitcoin Above $1 Trillion for 10 Days As Crypto Outgrows US Banking Industry.

Global crypto markets continue to grow beyond the $2 trillion mark that made headlines yesterday.

That valuation, according to Jim Bianco, head of analytics company Bianco Research, now makes crypto more valuable than the US banking system. ?

Not wanting to stop there, Bianco said if crypto doubles again, it would be larger than the entire US financial system, including banks, brokers, insurance, exchange firms, and asset managers. .

While that’s no doubt impressive, it has been the rest of the market that has made up for most of crypto’s gains.

Stock markets are riding high on the US economy’s accelerating recovery, and crypto is feeling the benefits of a more active investor community. 

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