Bitcoin is the largest financial service in the world.😂

[DIA7]

Bitcoin is the largest financially independently ( a bitconnect joke) have beaten all of the major financial systems in the world bigger than PayPal, VISA, MasterCard and EVERY bank in the world.

27k here we go

[Twentyonepaylots]

Largest perhaps in terms of value, but we still have a long way to reach the heights of the banking giants like Visa and Mastercard which have been already here ven before bitcoin was created. Not that it's not possible, just not achieavle as of the moment. But as soon as adoption ramps up, the idea of an decentralozed financial service toppling over large-scale banking institutions wouldn't be a far-fetched dream.

[verita1]

OMG! 😱🤩 I think we are going to witness something very big about Bitcoin and my heart tells me that it is positive. Thanks OP this is fresh news, we'll see specialists talking about it very soon. Although I think you forgot to post your source.

Congratulations to everyone who did not lose faith in Bitcoin and who are still here in this forum that is our home.
Long live Bitcoin! 🚀🚀🚀

[bL4nkcode]

Seeing the chart, yes, bitcoin is. But I just think that bitcoin isn't a company or any kind of organization to begin with. Can you post here your source as well?

[Edit] Found it here

[Kemarit]

Seeing the chart, yes, bitcoin is. But I just think that bitcoin isn't a company or any kind of organization to begin with. Can you post here your source as well?

[Edit] Found it here

Exactly, yes, its good to see the total valuation of Bitcoin as compare to other big financial services, but being decentralized and no central authority, I think there's no comparison whatsoever.

Bitcoin stands out, speculative asset, store of value, payment scheme, cross border payments or remittances and now used by companies as an hedge, nothing compares to BTC.

[Darker45]

And the best thing about Bitcoin is that it is not just a payment system. It is independent money itself with its own independent payment system totally apart from the current monetary and financial systems. Moreover, Bitcoin users and owners are also independent from traditional ways of owning and keeping money. That makes Bitcoin the one and only.

All the rest on the list are payment and banking systems completely dependent on fiat, over which they don't have any control.

[GreatArkansas]

Seeing the chart, yes, bitcoin is. But I just think that bitcoin isn't a company or any kind of organization to begin with. Can you post here your source as well?
[Edit] Found it here

Thanks for this. I'm surprised that there is a website like this.

I am surprised at what Bitcoin did, surpassing Visa and Paypal which is one of the companies or financial service companies that are comparing with Bitcoin a long time ago. I can say these companies are totally different from Bitcoin.
There are some parts with Visa/Paypal that can't compare with Bitcoin, I think there are some people who don't own some Bitcoin but know what Bitcoin is that can say, Bitcoin should not be in the list.

[yhiaali3]

In fact, Bitcoin does not beat large companies (such as Visa, Paypal and other global payment systems) with market value only, but in all other amazing features, Bitcoin is not a company essentially and there is no one who can control it (as is the case in these companies), Bitcoin also does not Centralized and maintains privacy and transparency, these and many other things make Bitcoin superior to these global companies.

[Xinarae*]

Bitcoin is very popular in the crypto market. Bitcoin has not yet become the largest financial service in the world. Many companies do not use Bitcoin and have no financial institutions. Is not controlled by the government. Bitcoin rises to the top in terms of its supply but many companies around the world consider Paying Bitcoin as a financial service to accept PayPal cryptocurrencies but are unable to do anything about disclosure due to lack of government control. Cryptocurrency is a digital asset that has changed the whole concept of the world’s payment system. The financial world is changing and cryptocurrencies have a big impact on it.

[ReiMomo]

That's a measure only by the market cap but we can't consider it is the largest financial service in the world unless bitcoin will fully be regulated by the government which is impossible to happen.

I guess when are on the road to the largest financial service in the world but as of now, it's too early to confirm regarding that matter. Bitcoin will remain as an investment to others, not by means of payment. We can't compare the centralized service companies when it comes to financing compared to the decentralized ones like bitcoin. For now, let's other institutional adopt and use bitcoin.

[pooya87]

You have to admit that it is very strange to compare bitcoin (a currency) with all those companies just because someone decided to "import" a concept called market capitalization from their world to bitcoin. At least the others in that list seem to be mostly banks and payment processors which makes the comparison less bad. But still I believe if we want to compare size, bitcoin should only be compared to other currencies.

[avikz]

Op didn't notice the basic difference between bitcoin and financial service providers. While bitcoin is a currency, Visa/Mastercard is a centralized payment network. So according to me, these two should not be compared at all! It's like comparing USD to Visa or USD to JPM Chase! Which makes no sense at all! But yes, it's encouraging to see the name of bitcoin topping a list of global brands! Kuddos to that!

[witcher_sense]

You have to admit that it is very strange to compare bitcoin (a currency) with all those companies just because someone decided to "import" a concept called market capitalization from their world to bitcoin. At least the others in that list seem to be mostly banks and payment processors which makes the comparison less bad. But still I believe if we want to compare size, bitcoin should only be compared to other currencies.

I agree, of all metrics that can be taken into consideration, the market capitalization of bitcoin is arguably the most useless one. Not only does it say nothing about the value of bitcoin, but also it is wrong given that we don't know precisely how many bitcoins are lost. However, we shouldn't compare bitcoin to other currencies either. Because, what parameters should we consider in this case? What metrics do we have to show that Bitcoin is really better? The only metric I can think of is the ability of bitcoin to grow in value in terms of other currencies. But this metric doesn't tell us much since bitcoin is a nascent currency, an emerging store of wealth, its future is still uncertain, and its volatility is still huge albeit it has a tendency to decline as time goes by.

[Aliceooo78]

Largest perhaps in terms of value, but we still have a long way to reach the heights of the banking giants like Visa and Mastercard which have been already here ven before bitcoin was created. Not that it's not possible, just not achieavle as of the moment. But as soon as adoption ramps up, the idea of an decentralozed financial service toppling over large-scale banking institutions wouldn't be a far-fetched dream.

sure~it requires the cognition of the overwhelming majority to achieve its status among bank giants, and that is exactly the work left for us ahead.

[davis196]

This chart is just comparing the Bitcoin price and market cap with the stock prices of a bunch of banks and payment services.Is Bitcoin a stock?Are we shareholders?
You have to realize that all those banks and companies have accumulated debt.They have assets and liabilities,while Bitcoin is an asset by itself and there are no debts and liabilities,that are linked or somewhat influencing the price of BTC.
It would be way more accurate(and yet still wrong  ) to compare Bitcoin to Gold,Silver,Oil and other financial assets,rather than comparing it to stocks.

[Aliceooo78]

OMG! 😱🤩 I think we are going to witness something very big about Bitcoin and my heart tells me that it is positive. Thanks OP this is fresh news, we'll see specialists talking about it very soon. Although I think you forgot to post your source.

Congratulations to everyone who did not lose faith in Bitcoin and who are still here in this forum that is our home.
Long live Bitcoin! 🚀🚀🚀

yeah!!!now we should hold our cryptocurrencies tightly and see how it brings us money those who have lost faith might regret...

[irixo10]

When I see news like this I am always happy in the aspect of Bitcoin proving a lot of people and cooperations wrong, these people and cooperation which are now getting involved in one way or the other as seen in the aspect of PayPal and Visa, which of course are now below Bitcoin in terms of marketcap. The simple truth is, they never for once thought that, a day will come when Bitcoin will be more valuable than them, or a time will come when they will be looking for a way to adopt it, in whichever way it is, this is just the beginning and the tip of the iceberg. Nevertheless, when it comes to more adoption, those platforms are way ahead of Bitcoin thus Bitcoin needs more exposure to be able to actuallize the aims of mass adoption, and funny enough in one way or the other, these platforms will contribute a lot towards Bitcoin reaching more audience.

[darewaller]

Well, that’s a really nice move there. That’s why I find it funny when a lot of people say that Bitcoin is getting adoption, because everyone in the world is not making use of Bitcoin doesn’t mean it’s not progressing, it’s all with time. Even PayPal that is similar to Bitcoin and has been around since the 90’s is not being used by everyone around the world, so that’s the same thing with Bitcoin.

Even if everyone is going to use it, it doesn’t happen in a day, it will take time to grow into that. This is still the beginning, Bitcoin has stayed ten years, before it completed its second decade it will be bigger than this.

[hatshepsut93]

What's the point of comparing the sum of all Bitcoins with the sum of all shares of a company, especially the payment companies? It's quite misleading and noobs might think that Bitcoin is "bigger" than Visa. A more accurate comparison would be to compare the amount of money Visa holds vs Bitcoin's marketcap, and the amount of money being transfered every day, and the number of transactions per day. Bitcoin would lose in all 3 cases, especially the last two.

[dothebeats]

Just goes to show how strong bitcoin has become over the years, effectively outdoing other investments and companies that have been in existence for far longer. It also tells something about people’s belief in the cryptocurrency and how well it has been received, because had it not been for the positive reception of people bitcoin wouldn’t be here. Sure, scams are still rampant, but this never deterred people from investing and trying out the cryptocurrency for themselves.