Gamza Khanzadaev
Tether and VanEck's Gabor Garbacs reveals the paradigm-changing reality of Bitcoin and major global banks like JPMorgan Chase
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Bitcoin’s advantage over big banks is highlighted by Gabor Gurbacs, strategic advisor at Tether and VanEck. With a staggering market capitalization of over $1.3 trillion, Bitcoin is worth more than the world's top four banks combined.
Bitcoin's market capitalization exceeds that of giant banks such as JPMorgan Chase, Bank of America, ICBC, Wells Fargo, Agricultural Bank of China, Bank of China, and China Construction Bank.Bitcoin's market capitalization is 2.4 times larger than that of JPMorgan Chase alone. It has doubled. Such feats confirm the growing importance of decentralized digital currencies in the global financial landscape.
Mr. Gurbax challenges the narrative surrounding Bitcoin's success and questions why journalists scrutinize Bitcoin's failures while not acknowledging its victories.
Gervax emphasized the importance of this milestone, noting that the success of cryptocurrencies challenges the traditional banking industry narrative. He questioned why Bitcoin's resilience is not seen in tandem with the perceived failure of the banking system, especially when Bitcoin's market capitalization exceeds the top four banks combined. did.
Bigger than anything?
Notably, Bitcoin's market capitalization puts it in the league of tech giants like Amazon and Meta (formerly Facebook), demonstrating Bitcoin's influence and relevance in the digital age. This position further solidifies Bitcoin's position as a formidable force in both the financial and technological fields.
Experts also emphasize the urgent need for institutions, including the Federal Reserve, to recognize the importance of Bitcoin. He argued that ignorance and contempt for BTC can no longer be tolerated given its formidable presence in the financial world.
About the author
Gamza Khanzadaev
