Bitcoin Market Cap Is Now Bigger Than Switzerland’s Economy

Just two days ago, Bitcoin crossed the $57,000 mark and at the time of writing this article, it is still trading at around $56,000USD. The market capitalization of the leading altcoin touched the $1 trillion mark, the highest since its inception in 2009.

$1 trillion market cap means by market capitalization, Bitcoin alone is bigger than Switzerland’s economy which stands at only $708 billion. It means by market size Bitcoin is standing along with the top 16 countries in the world that have a trillion-dollar economy.

Bubble Is Too Big To Burst

That’s more than impressive for a blockchain-based cryptocurrency that has come a long way in just over a decade. The bubble is how many conventional investors and economists described altcoins. Now the Bitcoin bubble is bigger than some top global economies. However, recently we haven’t heard the bubble remark coming very often.

Currently, there are 18.6 million Bitcoins in circulation. If we are to believe the media reports (with no substantial reason not to believe), corporate America is already in favour of accepting Bitcoin as legal tender. Top PSPs (Payment Services Provider) like PayPal and Square are already allowing their customers to sell and purchase Bitcoins.

Moreover, Visa and Mastercard are also having a favourable attitude to endorsing cryptocurrencies. Tech giants like Tesla and Twitter have already endorsed cryptocurrencies and also disclosed investments publicly.

For an average investor, an enthusiast or someone who is looking to mint a bit from the crypto market, this is the time to activate their interest. It is not just about Bitcoins. Did you know that in less than a year Ethereum prices have doubled as well? Currently, Ethereum has a market cap of over $220 billion. And did you know about Coinbase valuation?

Still Sitting On The fence?

With investors preferring bitcoins, markets and corporate giants welcoming the altcoins, the blockchain industry relentlessly working towards consistently delivering innovative and scalable solutions replacing complex conventional processes, it is time to be decisive.

Have you been sitting on the fence, still thinking about whether or not to get started with your cryptocurrency investments? I’m sure, you too have your own set of stories about missed opportunities, delayed decisions, or possibly you’re still waiting for that one good opportunity.

Here’s the hard-hitting fact: the opportunities don’t come to you, you’ll have to make them for yourself. The key to making better decisions in the cryptocurrency market is to know the right time. With everything going in favour of Bitcoins and many other popular altcoins like Ethereum, Polkadot, it is your call to make the best of it.

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