Cryptocurrency / UK-France dwarfed in front of crypto, now who has a chance to be left behind

Cryptocurrency: The cryptocurrency market is growing rapidly, and at present it is becoming not just a means of investment but a new economic power. Recently, the market cap of this digital asset has exceeded the GDP of many countries, proving that the power of cryptocurrency is going to affect not only the financial but also the global economy.

Market Cap of Cryptocurrency: Historical Growth

Since November 5, 2024, there has been a huge increase in the market cap of cryptocurrencies. In just 35 days, its total value has increased from $2.36 trillion to $3.65 trillion, showing an increase of $1.30 trillion. This is a spectacular growth, which clearly shows the growing investor confidence towards cryptocurrencies. Experts believe that the market cap of cryptocurrencies can reach $4 trillion by the end of this year.

Surpassing the GDP of many countries

The market cap of cryptocurrencies has overtaken the GDP of many big countries. For example, the GDP of the United Kingdom and France is $3.59 trillion and $3.17 trillion respectively, while Italy's GDP is estimated at around $2.37 trillion. Compared to the GDP of these countries, the market cap of cryptocurrencies is now much higher, and this pace may accelerate further in the future.

Tough competition with India's GDP

The market cap of cryptocurrencies has now come very close to India's GDP. India's GDP is estimated to be $3.9 trillion in 2024, while the market cap of cryptocurrencies is now at a difference of just less than $250 billion. This shows that cryptocurrencies are growing rapidly and in the coming times, it may parallel or even overtake the Indian economy.

Growing influence of Bitcoin

Bitcoin, which is the most prominent and popular name in the world of cryptocurrencies, is contributing the most to this growth. Since November 2024, the price of Bitcoin has seen an unexpected increase. On December 9, 2024, the price of bitcoin was close to $99,950, slightly lower than its previous high. However, its market cap has reached $1.97 trillion, making it higher than even big countries like South Korea, Australia and Spain.

Way forward

Experts believe that the market cap of cryptocurrencies can reach $4 trillion, which will prove to be a historic milestone for cryptocurrencies. Since the election results of Donald Trump, this market has seen even more momentum, and this growth can be even more in the coming days.

Overall, the cryptocurrency market is increasingly challenging the global economy. Looking at its development, it can be said that in the future it can become not just an investment medium, but an area playing an important role in the global economic scenario.