Bitcoin bigger than new zealand - bank ...

Bitcoin bigger than new zealand

Bitcoin latest: Now cryptocurrency is bigger than NEW ZEALAND'S economy

Bitcoin: The 'volatile' currency that jumped 1000% this year

Here are five market capitalisations that bitcoin has surpassed. 

New Zealand's GDP is valued at $185billion as of July, according to World Bank data, placing its worth $5billion less than bitcoin.

Both Goldman Sachs Group's and UBS’s market capitalisation are less than bitcoin’s – with the former’s at $97billion while the latter’s is at $67billion. 

Both banks have come out publicly against the cryptocurrency. 

Even when you add the market capitalisation of both banks together it still does not breach bitcoin’s.

And the market capitalisation of Boeing, the maker of jumbo jets, comes in at $162billion.

Bitcoin only came in to existence 10 years ago and has already trumped companies and banks that have been around since 1869, bitcoin bigger than new zealand, such as Goldman Sachs. 

Boeing is more than 100 years old, employs 140,000 people in more than 65 countries. 

In May, the USS Gerald R Ford, the first of a new class of nuclear-powered super carriers was delivered to the US. 

It is estimated at $13billion, so if all bitcoin bigger than new zealand investors put their bitcoin together they would be able to buy 14 of the ships.

Even billionaires such as Bill Gates and Warren Buffet cannot compete with bitcoin after they combine their fortunes. Mr Gates is worth $90billion and Mr Buffet is worth $83billion.

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