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News Link • Bitcoin

Bitcoin Markets Compared with Fiat, Gold, and Famous Billionaires

• https://fee.org, Wassim Bendella

Bill Gates, the richest man on earth with a net worth of $86 bln, has approximately the net worth of Larry Page and Bitcoin combined.

In order to put into perspective what Bitcoin represents amongst all of the world's money, Howmuch has produced a visualization full of insights.

Bitcoin equals Morocco

"Bitcoin is the Uber of cryptocurrencies: the biggest, baddest and best-known, but not the only one. Add it up to Litecoin, Monero and all the others, and the total volume of virtual money floating around the Internet, out of the reach of governments and banks, is a whopping $100 bln. That is about as much as the current GDP of Morocco the 60th-largest economy in the world," notes Raul Amoros.

Nowadays, tech companies are more than ever before dominating the stock market. The monetary value of giants like Amazon ($402 bln) and (Apple $730 bln) is equivalent to the GDP of much bigger economies like Nigeria and the Netherlands, respectively. Apple's monetary value is 18 folds the Bitcoin market capitalization.

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