• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Is Bitcoin Shifting the Economic Balance of Power?

Is Bitcoin Shifting the Economic Balance of Power?

Julio Gil-Pulgar
by Julio Gil-Pulgar
7 years ago
·
Posted in News, Bitcoin, Bitcoin Price, Markets and Prices, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In just a few years of existence, Bitcoin has become the 6th most powerful currency on the globe. The popular digital currency now has more value than many developed nations and industry giants, while eclipsing some of the wealthiest people in the world.


Bitcoin Is Surpassing the Powerful

Bitcoin Is Surpassing the Powerful

Bitcoin is radically changing the way we do things, and even, possibly, our way of life. And, most probably, the cryptocurrency might be causing a shift in the global economic balance of power in inexplicable ways. In less than a decade, it has become worth more than some of the most powerful industries on the planet, such as IBM, Disney, Nike, and McDonald’s.

Indeed, Bitcoin’s spectacular price trajectory has pushed its market capitalization, as of this writing, to more than $194 billion USD. As a result, Bloomberg reports:

Bitcoin’s extraordinary price surge means its market capitalization now exceeds the annual output of whole economies and the estimated worth of some of the world’s top billionaires.

Specifically, the Bloomberg article reports that Bitcoin is now stronger in asset value than New Zealand, Boeing, Bill Gates, Queen Elizabeth, and the Oracle of Omaha, super-billionaire Warren Buffett.

In November, other reports indicated, “Bitcoin has surpassed the M1 values of Ireland, Denmark, Singapore, and others in the top 30 currencies worldwide.”

Bitcoin Is Defying the Economic Status Quo

Bitcoin is already one of most valuable currencies in the world. SmallBusinessPrices.co.uk published the results of a research study entitled “Bitcoin Now Worth More Than All UK Pound Banknotes & Coins In Circulation.” One of the research findings is that Bitcoin is now the 6th largest currency in the world, as shown in the table below.

Bitcoin Is Defying the Economic Status Quo

Certainly, the rapid rise of Bitcoin baffles and upsets many economists and financial experts such as Joseph E. Stiglitz, and Warren Buffett, respectively.

For example, Bloomberg quotes Buffett as having said:

People get excited from big price movements, and Wall Street accommodates … You can’t value bitcoin because it’s not a value-producing asset.

Buffet also  asserts that Bitcoin is a “real bubble.” He made these statements when Bitcoin was below $5,800 USD.

Bitcoin and its blockchain technology have placed our civilization at the threshold of a new, far-reaching technological, economic, and social revolution. This revolution provides us with a unique opportunity to shift the obsolete and unfair existing monetary and banking system toward a more equitable and just economic system.

What do you think will be the impact in the global economy when Bitcoin reaches a market capitalization of $500 billion? Tell us in the comments below.


Images courtesy of Pixabay, Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Julio Gil-Pulgar

Julio Gil-Pulgar

Follow

Julio has worked for Fortune 100 companies and the United Nations. He has led projects involving IT, operational, and compliance audits, in the U.S. and throughout the world. His expertise is in cryptocurrencies, IT engineering, risk management, and security. Julio is also a tango dance enthusiast.

Full Profile

Related Posts

solana-analyse-tendance-leviers-techniques

Solana en route vers les 300 $ : analyse de la tendance des leviers techniques

5 hours ago
Bitcoin

Bitcoin Mining Can’t Keep Up: Companies Buying At Quadruple Pace – Report

6 hours ago
Bitcoin

Bitcoin Treasury Race Heats Up As Dutch Firm Shoots For $23-M Launch

1 day ago
Bitcoin

Unexpected Bitcoin Player: Japanese Nail Salon Targets $3-B In BTC Holdings

1 day ago
Bitcoin

Bitcoin Fortress: El Salvador Shields $678-M From Quantum Threat

2 days ago
Strategy

Strategy Investors Pull Back Class Action Suit Over Bitcoin Accounting Revision – Details

2 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • XRP retreats under pressure, while DOT Miners generates...

    5 hours ago
  • Rich Miner Launches New Cloud Mining Strategy: Secure 1,000...

    6 hours ago
  • XRP's

    Amidst XRP’s volatile price, holders are flocking to...

    6 hours ago
  • BAY Miner Launches Mobile App, Unlocking Daily Income...

    7 hours ago
  • BTC & XRP ETFs Fuel Market Buzz as Cloud Mining Surges...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.