According to the data of a report, about 1500 crores are traded every day in all cryptocurrencies including bitcoin. Talking about India only, the number of people trading in cryptocurrencies is close to one crore.
Bitcoin Market
Nowadays the discussion of cryptocurrency is everywhere, in fact its strong returns have made not only ordinary investors but also many big business giants including Tesla CEO Elon Musk crazy. Although there has been volatility in it for the past few days, but do you know that the market cap of bitcoin alone outweighs many big companies of the country. Bitcoin alone dominates the market cap of 6 big companies like Reliance Industries, HDFC Bank, Infosys, Hindustan Unilever, TCS and HDF.
Talking about the total market cap of cryptocurrencies, the total market cap of all the cryptocurrencies that are traded in the world is close to $ 1635 billion. At the same time, the market cap of bitcoin alone has exceeded 50 lakh crores. This is more than the 6 largest companies of India.
1500 crore business everyday
According to the data of a report, about 1500 crores are traded every day in all cryptocurrencies including bitcoin. Talking about India only, the number of people trading in cryptocurrencies is close to one crore. Whereas in the stock market, about 6 crore investors try their luck every day. According to a report, more than 15 million Indians are involved in the business of buying digital coins. The special thing about trading in crypto is that it can be traded anytime. There is no holiday for this.
Crypto market beats big companies
Not only the stock market, but the market of crypto also beats many big companies of the country. The total traders in the stock market are close to 60 million people in a day who invest in different companies whereas in crypto all the investors run after only one currency. Meaning here the product is only one, whereas you have many products (companies) present in the stock market. Even after this, the market cap of many big companies of the country together could not compete with bitcoin alone.
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