Saturday , March 6 2021
Home / FT Alphaville / Crypto finally becomes bigger than . . .  the world

Crypto finally becomes bigger than . . .  the world

Summary:
Remember when bitcoin was “the ninth-biggest asset in the world”? Pretty impressive stuff (even if not actually true). Well bitcoin had better move aside because there’s another, bigger crypto token in town. In fact every asset in the world had better move aside — all of them combined, in fact. Introducing “Wrapped Bitcoin”: Yes that’s a screenshot from earlier today on CoinMarketCap — the world’s most trusted visited crypto data site, which as of last year is owned by the world’s biggest crypto exchange, Binance — showing that Wrapped Bitcoin had overtaken bitcoin to become the number one token by “market cap”, with a value of. . . 2 quadrillion. To put that in perspective, that’s more than 1,000 times bigger than the estimated value of the entire world’s

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

John H. Cochrane writes GoodFellows interview with Ayaan Hrsi Ali

Martin Chorzempa, Tianlei Huang writes Lessons from East Asia and Pacific on taming the pandemic

Global Economic Intersection Analysis Blog Feed writes Radically Progressive Degrowth: Reducing Resource Use By Eliminating Inequality

John H. Cochrane writes What about work or starve?

Remember when bitcoin was “the ninth-biggest asset in the world”? Pretty...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *