Bitcoin (BTC) Surpasses JP Morgan Chase and Saudi Riyal (SAR) by Market Cap

While Bitcoin (BTC) inches closer to the $35,000 threshold, it is accomplishing a number of spicy milestones

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Bitcoin (BTC) has printed one ATH after another for several days in a row. CryptoComes has some facts that show how splendid Bitcoin's (BTC) supremacy is right now.

1 Bitcoin = 1 Tesla (Not TSLA!)

Documenting Bitcoin, a Twitter account that commemorates interesting and impressive milestones in the life of the flagship cryptocurrency, has noted that, now, some new models of Tesla's electric vehicle cost less than one Bitcoin (BTC).

Bitcoin (BTC) price surpasses one Tesla
Image via Twitter

While the splendid run of the Bitcoin (BTC) price pushed it above $34,000 for the first time ever, the new Tesla Model 3 in the Standard Range Plus pack costs $33,690.

At the same time, the net market capitalization of Bitcoin (BTC) began surpassing the total value of the currency supply of some large countries. According to the calculations of Documenting Bitcoin, the king coin is now the 17th currency in the world by market capitalization.

That said, Bitcoin (BTC) has already surpassed the Saudi Riyal and is on its way to leaving the Mexican Peso in the dust.

Be your own bank

Gabor Gurbacs, VanEck's digital asset director, has shared the comparison of net capitalizations of the world's top-tier banks. According to his tweet, Bitcoin's (BTC) market cap is far greater than that of any competitor.

Gurbacs: Bitcoin (BTC) way more expensive that every top bank
Image via Twitter

Bitcoin's closest competitor, U.S.-based JP Morgan Chase, is worth 37 percent less. The most expensive Chinese banking giant, ICBC, has a capitalization 60 percent less impressive than Bitcoin's.

Recently, Bitcoin (BTC) became the world's most valued payment system, surpassing all centralized competitors including PayPal. It is interesting because some top payment mechanisms allow for operations with Bitcoin (BTC).

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Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)