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JUST IN: Bitcoin market value closes in on GDP of Africa’s largest economies

The Bitcoin market’s valuation of $1.08 trillion almost equals the GDP of Africa’s three biggest economies which include Nigeria ($443 bi

Published

4 years ago

March 12, 2021

Babs Ayandayo

How to earning passive income from Cryptocurrency

The Bitcoin market’s valuation of $1.08 trillion almost equals the GDP of Africa’s three biggest economies which include Nigeria ($443 billion), Egypt ($362 billion), and South Africa ($283 billion) combined ($1.088 trillion).

However, it’s no longer news that the world’s most valuable crypto, Bitcoin in recent days has been enjoying a record-buying spree among institutional investors, leading it to break above $1 trillion once again.

READ ALSO: BREAKING: “Lori ro” government and the new fuel price of N212.6 per litre

Also, Bitcoin HODLers right now are extremely strong BUYERS, meaning that Bitcoin seems to be in its first great consolidation of the 2021 bull market.

However, crypto experts anticipate that Bitcoin is still in a bull cycle amid prevailing price correction in play. It’s no doubt that the year 2021 as shaped a bullish outlook on the fast-rising cryptocurrency.

Which we can say made top blue-chip companies like Mastercard, and America’s oldest bank, BNY Mellon, to give more credibility to the cryptocurrency.

Moreso, on a corporate level Bitcoin’s market value, has already surpassed Tesla’s, the world’s most valuable car company that currently has a market valuation of $664 billion.

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JUST IN: Bitcoin market value closes in on GDP of Africa’s largest economies

Latest News

JUST IN: Bitcoin market value closes in on GDP of Africa’s largest economies

READ ALSO: BREAKING: “Lori ro” government and the new fuel price of N212.6 per litre

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