Here is some perspective: Beginning the year with a market cap of $15.5 billion, the total value of the Bitcoin market surpassed $50 billion this week, and throughout the year it became bigger than these four companies.
Target - Market cap: $31.8 billion
American Airlines - Market cap: $27.7 billion
Ford Motor Company - Market cap: $43.5 billion
Deutsche Bank - Market cap: $37.7 billion
The takeaway is either way you look at it, Bitcoin, for all its weird and wonderful intricacies is here to stay. More countries are relaxing rules for its use, and at $50 billion it's not far off from overtaking another global bank, Morgan Stanley ($88 billion), or major car maker, General Motors ($52 billion).
🐒 I may have isolated a possible chart pattern showing the possibility of Bitcoin rising in price .The pattern works like this when Polinex users ( Blue Column ) Fall Below 40,000 we can look for a rise in Btc price then exit the trade when Polinex users ( Blue Column ) Rise Above 40,000 .I have placed a Black # 1 within the column at bottom of chart to show when this has occurred.And this has happened now 3 times and so far it has worked 3 for 3 for BTC to rise in price .Below are the results of using this Buy pattern.
BITCOIN USERS BUY PATTERN
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Bitcoin and blockchain technology are the future! They will disrupt our banking systems if they do not adopt blockchain. Awesome share!
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Yes,you are absolutely right
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We think alike! Upvoted!
My analysis recently nailed the Bitcoin bottom and current rally. I've made lots of profitable calls and provide free TA analysis of your coins. Check it out: https://steemit.com/@haejin
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