Many jumped on the bitcoin train in 2020 because of its store of value properties and lucrative “digital gold” narrative.

However, we must not forget that bitcoin is also a global financial network, enabling cheap and fast transactions worldwide, without the use of any third-party.

Many jumped on the bitcoin train in 2020 because of its store of value properties and lucrative “digital gold” narrative.

However, we must not forget that bitcoin is also a global financial network, enabling cheap and fast transactions worldwide, without the use of any third-party.

Bitcoin’s market cap is now just below $600 billion after the recent sell-off.

Bitcoin started 2020 with a market cap of ~$130 billion, far behind the leading financial services companies worldwide.

Now, bitcoin is worth more than any global financial services company and almost $100 billion ahead of the second place, Visa.