One year ago today, bitcoin was trading at $570 USD.
That now puts bitcoin on the same level as Paypal, which as of today, also has a market capitalization of $72 billion.
Bitcoin’s value of $4,400 does not include Bitcoin Cash, which was forked off of bitcoin just two weeks ago and is currently trading near $300.
This massive rise in bitcoin has caused another big spike in the market capitalization of all cryptocurrencies to a new all-time high over $142 billion
We’ve been receiving a lot of happy comments from subscribers to the TDV newsletter (subscribe HERE) in our private Facebook group, like these:
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I’m thrilled to see bitcoin surpassing Paypal and look forward to the day where Paypal no longer exists. Anyone who has ever had dealings with Paypal will understand that sentiment and likely be cheering along with me!
About the Author
Anarcho-Capitalist. Libertarian. Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world’s freedom, investment and cryptocurrency conferences including his own, Anarchapulco, as well as regularly in the media including CNBC, Bloomberg and Fox Business. Jeff also posts exclusive content daily to the new blockchain based social media network, Steemit.