Bitcoin's market value exceeds the GDP of more than 130 countries

Bitcoin's ninth year is coming to an end in 2017 and in all this time its value has grown in proportions that not even the most optimistic of investors had anticipated. Its total market value is now the annual GDP value of some of the world's national economies such as New Zealand, Romania, Iraq and Algeria among the most significant.

Bitcoin is unstoppable and does not stop growing

On October 20, 2017, Forbes published an article stating that Bitcoin had exceeded $ 100 billion, with a value of $ 5, 703 per unit. Just 44 days later, the cryptocurrency already costs around $ 15, 000 per unit.

What is the value of $ 190 billion in today's economy?

This is how the fast growing cryptocurrency compares to events, countries and companies around the world.

• Facebook was worth $ 190 billion in July 2014. In 2017 and following the acquisition of Instagram, the value amounts to $ 435 billion. Authorities estimated that Hurricane Harvey caused $ 190 billion in damage, being one of The worst disasters in the United States. The cost of the Fukushima nuclear disaster in 2011 was also estimated at $ 190 billion. The total market cap for Bitcoin is almost 400 times Walmart's annual income.

Bitcoin's future

Different analysts agree that the adoption of Bitcoin will increase in 2018, and with it, also the speculation about its value. The popularity of the cryptocurrency has nothing to do with the value that it can achieve and there are risks that it will collapse, as has happened on other occasions.

It is this risk the reason why some services such as Steam, have stopped accepting Bitcoin for payments on their platform, waiting for this currency to find a balance and stability.

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