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21 September 2020

Bitcoin market cap will match JPMorgan’s if the $16.5K CME gap closes

Bitcoin market cap will match JPMorgan’s if the $16.5K CME gap closes


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At the following price points, Bitcoin would equal the market caps of the respective companies:.

If Bitcoin price were to reach $18,324 it could mirror Mastercard’s market cap if it reached $20,182 it would rival Tesla’s market cap.

Since the CME Bitcoin futures market closes during the weekends, it often causes gaps between CME and the rest of the cryptocurrency market to emerge.

“As it turns out, bitcoin is better at being gold than gold — and not just incrementally, but by an order of magnitude or 10X better.

Currently, the market cap of the entire cryptocurrency market is smaller than the market cap of Tesla but as demand for Bitcoin increases and the decentralized finance sector grows this imbalance could begin to change.

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cointelegraph.com
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