Bitcoin Market Cap Briefly Surpasses That of JPMorgan, World’s Largest Bank

Bitcoin’s market valuation briefly surpassed that of JPMorgan, the world’s largest bank, earlier today, on December 8.

Tech Sector Called Amazon a Bubble Since 1997; Bitcoin Sees Same Trend

Since 1997, for more than 20 years, the technology sector and so-called “analysts” have described Amazon, the $474 billion electronic commerce and cloud computing company, as a bubble. Analysts in the finance sector have treated Bitcoin in a similar way, since its launch in 2009. — Brent Beshore (@BrentBeshore) October 18, 2017 As Adventur.

$95 Billion: Bitcoin is Bigger than Goldman Sachs

On October 13, the market cap of Bitcoin surpassed that of Goldman Sachs after a meteoric rise in the past three days. With a market cap of $95 billion, Bitcoin surpassed Goldman Sachs by more than $3 billion. Goldman Sachs, the second largest investment bank in the world, has sustained a market cap of $92 billion throughout the past 12 months but has struggled to demonstrate an increase in growth in terms of market cap.