Today I was thinking about the total market capitalization in the whole cryptocurrency space.
I got thinking, what is the "size" compared to it's direct competitors, banks?
Right now the total market cap is 112b USD
RBC (Royal Bank of Canada) $105b USD
ScotiaBank $70b USD
TD Canada Trust $90b USD
Bank of America $235b USD
As you can see the whole space, of which almost half is dominated by BTC alone, is valued at about the price of a well rounded established, banking and investing firm. And it is STILL growing.
Definitely a force to be reckoned with at this point nobody can deny that.
