by 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:
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...