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Bitcoin Now Worth More Than JPMorgan Chase, Bank of America and Wells Fargo Combined



Bitcoin’s market cap has surpassed $900 billion for the first time.

Bitcoin, the largest cryptocurrency, has exceeded the cumulative market capitalization of JPMorgan Chase, Bank of America, and Wells Fargo.

6419_1Image by companiesmarketcap

Earlier today, the cryptocurrency hit a new all-time high of $49,000 on the Bitstamp exchange before retracing below $47,000. Its market cap has reached $900 billion for the first time.


The flagship coin has soared over 26 percent this week alone, with its rally being bolstered by Tesla, Mastercard, and BNY Mellon.

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Bitcoin surpassed the market cap of JPMorgan, the largest U.S. bank by assets, back in mid-December.

It is also currently bigger than all but three U.S. public companies (Apple, Microsoft, and Alphabet).


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