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Bitcoin Smashes Through $60k; BTC Is Now Worth More Than Half Of The Entire US Banking System

Bitcoin Smashes Through $60k; BTC Is Now Worth More Than Half Of The Entire US Banking System



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  1. How could it be half of the banking system when:

    There is approximately US $37 trillion in circulation: this includes all the physical money and the money deposited in savings and checking accounts

  2. tldr; Bitcoin now has a market capitalization of $1.05 trillion, beating more than 50% of all banks in the US. JPMorgan Chase CEO Jamie Dimon has said cryptocurrencies are a “serious emerging issue” that should be properly regulated. The king coin is expected to break $70k next.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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