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Bitcoin (BTC) is worth more than the world’s three largest banks combined

Bitcoin (BTC) is worth more than the world’s three largest banks combined

Thank you @TokenPost for the mention. I do believe that Bitcoin and selected cryptocurrencies that have real utility will continue to flourish in this space.

This post is originally posted here. You can also read it on Google News.

Bitcoin (BTC) is worth more than the world’s three largest banks combined

Bitcoin recently set a new all-time high when it traded above $61,000. With the surge in its price, the world’s largest crypto by market capitalization is now worth more than the combined value of the top two payment platforms Mastercard and Visa. BTC is now even more valuable than the combined market cap of the world’s three largest banks JPMorgan Chase, Bank of America, and the Industrial and Commercial Bank of China (ICBC).

BTC set a new all-time when it traded at $61,700 last week, according to Cointelegraph. The crypto’s sky-high price also pushed its market capitalization to a new record of around $1.15 trillion.

With this valuation, Bitcoin is now worth more than the combined capitalizations of two of the world’s largest payment platforms Visa and Mastercard. The combined value of the two payment networks is $871 billion, which is only around 76 percent of BTC’s valuation at its peak.

“Bitcoin’s market cap ($1 trillion) is more than #VISA ($379 billion) and #Mastercard ($492 billion) combined,” investor Anndy Lian tweeted on March 16, 2021. “This is the power of #cryptocurrencies.”

During the time of the tweet, Visa’s market cap is $492.27 billion. Meanwhile, Mastercard’s market valuation is $379.22 billion.

At its all-time highs of $61,700, Bitcoin’s market cap was roughly $1.15 trillion. The combined market cap of JPMorgan Chase, Bank of America, and the Industrial and Commercial Bank of China is $1.08 trillion.

Bitcoin’s market cap is even bigger than the combined capitalization of the three largest banks in the world. The world’s largest crypto is more valuable than JPMorgan Chase, Bank of America, and the Industrial and Commercial Bank of China (ICBC) combined.

According to data from Companiesmarketcap.com, JPMorgan Chase is worth $473.25 billion, Bank of America’s market cap is $327.40 billion, and the Industrial and Commercial Bank of China’s cap is $291.22 billion. This means that the world’s top three banks’ combined market capitalization is $1.09 trillion, around 95 percent of BTC’s market cap of $1.15 trillion.

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Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Anndy Lian to Speak at SiGMA – World’s iGaming Festival

Anndy Lian to Speak at SiGMA – World’s iGaming Festival

Anndy Lian will be speaking at SiGMA – World’s iGaming Festival on 8-9 June 2020, at Manila.

Anndy Lian is an all-rounded business strategist with more than 15 years of experience in Asia. He currently plays a pivotal role as the Blockchain Advisor for Asian Productivity Organization, an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

Anndy advises the Secretariat on the latest concepts and applications of blockchain technologies in cybersecurity and IoT network data integrity across smart factories and upskills the Secretariat staff in blockchain technologies as applicable to productivity. Meet him at SiGMA Manila and join the conversation: 

#SiGMAmanila #SiGMA2020 #iGaming #gambling #onlinecasino #onlinepoker

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

WFMJ: “Build the business step by step, and not think you are bitcoin” – Anndy Lian, Inter-governmental Blockchain Advisor shared at the World Blockchain Summit Busan 2020

WFMJ: “Build the business step by step, and not think you are bitcoin” – Anndy Lian, Inter-governmental Blockchain Advisor shared at the World Blockchain Summit Busan 2020

Anndy Lian spoke at a panel titled “The Future cannot be regulated” at the World Blockchain Summit Busan 2020. The event has brought international technology experts to Busan, South Korea, to discuss the future of blockchain.

“Innovation is the guarantor of future prosperity and not regulation. In order for us to have a brighter future, we need to be innovative now to set a good foundation, and regulations can set in later to standardize. This is how typically sandbox models work, we trial and error, and if the results are good and acceptable, they graduate from the sandbox regime. Singapore’s MAS did a good job for blockchain-driven project, and I believe Busan as the regulatory free zone can take reference from what was done and make it better,” Anndy Lian commented.

Andrew Faridani, member of the Forbes Business Development Council agreed with the points and added: “The companies best positioned to be able to help the authorities make responsible regulations are those companies in industries that have the power to generate the most customers. The leading industry may be the gaming industry, because of its potential to recruit end-users at a rapid rate is probably the biggest out of any of the industries involved right now in blockchain. Responsible leading companies such as Gaimin, have the ability to be the forerunners of this movement.”

Former South Korea Minister of Environment Lee Maanee and keynote speaker at the event also explained further, “Busan has designated the blockchain special zone and laid the foundation for the public and private sectors to become the leading model of the Fourth Industrial Revolution.”

“There are many discussions today from DeFI to Ethereum Killer. Like I have mentioned on the stage, we are all supporters of blockchain technology. Highly likely, if you have invested in Bitcoin, you could have made some money but if you are a hardcore blockchain company, you could have lost money. I did not have time to elaborate on the stage on this. Blockchain companies must be realistic and build the business step by step, commercialise their products properly, and not think that they are “bitcoin”. Think in this manner, and the future will be a better one.” Anndy Lian, who is also an Inter-governmental advisor at Asian Productivity Organisation added.

The World Blockchain Summit Busan 2020 was held in Busan, South Korea on 20th February 2020, jointly organised by Blockchain MARVELS and Busan Economic Promotion Agency, and hosted by the Korea CEO Summit, Busan, BNK Financial Group, Korea Blockchain Industry Promotion Association, Korea Blockchain Startup Association, Korea Blockchain Association, Global Fintech Industry Promotion Center, Chungbuk Blockchain and Korea e-Sports Industry Association.

Blockchain experts from Maker DAO, Conflux, Gaimin.io, Quarkchain were present at the event to lend their support and find out more about the Busan Economic Zone. Park Ki-sik, chairman of Busan Economic Promotion Agency, Chairman Kim Hyung-jin of Sejong Telecom, Former Constitutional Judge Ahn Chang, and Han In-suk, Honorary President of the University of Utah Asia and many others were present at the event to lend their support.

Park Bong-gyu, Chairman of the Korea CIO Summit and World Blockchain Summit has been a key driver of this CEO community in South Korea for the past 16 years. Members include Samsung Group, LG Group, SK Group, Lotte Group, CJ Group, Panasonic Korea, BMW Korea, IBM, Genesis BBQ Group, McKinsey, etc.

For more information on the summit, go to https://wbsmarvels.com/

About Anndy Lian (www.anndy.com)

Anndy Lian is an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international and public listed companies.

He currently plays a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organisation committed to improving productivity in the Asia-Pacific region. He advises the Secretariat on the latest concepts and applications of blockchain technologies in cybersecurity and IoT network data integrity across smart factories and upskill the Secretariat staff in blockchain technologies as applicable to productivity. APO members include Bangladesh, Cambodia, Republic of China, Fiji, Hong Kong, India, Indonesia, Islamic Republic of Iran, Japan, Republic of Korea, Lao PDR, Malaysia, Mongolia, Nepal, Pakistan, Philippines, Singapore, Sri Lanka, Thailand, and Vietnam.

Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies. South Korea. He wrote a book titled “Blockchain Revolution 2030” and is published by Kyobo, the largest bookstore chain in South Korea.

Original Source: https://blockcast.cc/press-releases/world-blockchain-summit-busan-2020-anndy-lian-author-of-blockchain-revolution-2030-build-the-business-step-by-step-and-not-think-you-are-bitcoin/

WFMJ: https://www.wfmj.com/story/41825581/build-the-business-step-by-step-and-not-think-you-are-bitcoin-anndy-lian-inter-governmental-blockchain-advisor-shared-at-the-world-blockchain-summit

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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