Cryptocurrency Q&A
How big is Bitcoin compared to other cryptocurrencies?
How big is Bitcoin compared to other cryptocurrencies?
IncheonBeautyBloom
Mon Jul 08 2024
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5 answers
932
In the vast landscape of cryptocurrencies, Bitcoin stands as a towering figure. But just how big is it compared to its peers? As the first decentralized digital currency, Bitcoin has established itself as a benchmark for the entire industry. Its market capitalization, which represents the total value of all Bitcoins in circulation, often dwarfs that of other cryptos. However, the question remains: is Bitcoin's dominance absolute? Or are there other cryptocurrencies that are catching up, perhaps even surpassing it in certain aspects? We delve deeper into the comparison between Bitcoin and its contemporaries, examining factors like transaction speed, scalability, security, and community support. The goal is to understand the true scope and standing of Bitcoin in the cryptocurrency world.
5 answers
Valentina
Wed Jul 10 2024
Bitcoin, a leading cryptocurrency, has achieved remarkable growth in its market capitalization, surpassing the $400 billion mark.
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KpopStarletShineBrightness
Wed Jul 10 2024
This significant milestone places Bitcoin among the largest cryptocurrencies globally, indicating its widespread acceptance and usage.
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Tommaso
Tue Jul 09 2024
The total supply of Bitcoin is capped at 21 million, and currently, approximately 18.5 million bitcoins have been mined.
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KpopHarmony
Tue Jul 09 2024
This limited supply, coupled with Bitcoin's increasing popularity, has driven up its price and market value.
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KpopStarletShine
Tue Jul 09 2024
Despite this growth, traditional currencies, particularly the US dollar, still dominate global transactions, accounting for over 95% of the total.
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