That's right, Bitcoin's market cap has just surpassed that of several countries, including New Zealand.
Bitcoin currently sports a network value of $189 billion. Zew Zealand's latest GDP figures give it a value of about $185 billion, almost $5 billion behind where bitcoin currently stands.
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What's more, Bitcoin's network value is now larger than the GDPs of Qatar, Kuwait, and Hungary.
Those are countries by the way.
Some other things Bitcoin is now larger than:
14 Aircracft Carriers (Priced at $13B a piece)
Bill Gates and Warren Buffett (Combined)
The Queen of England
Ironically, Bitcoin is worth just about half of what JPMorgan is worth.
Perhaps that has something to do with why its chief officer spoke so harshly about it a few months back?!
This all sounds like Bitcoin's network value is rather large, and it is compared to companies, however, bitcoin isn't a company… READ MORE Is the Bank of Canada Talking Early Adoption of a Digital Currency!