Bitcoin has a larger market cap than Bank of America and Bank of China combined.
Bitcoin's market cap ($2.08 trillion) exceeds the combined market cap of Bank of America ($343.82 billion) and Bank of China ($1.51 trillion), totaling $1.85382 trillion, demonstrating its significant presence in the global financial landscape.
Let's break down the numbers:
Bitcoin's Market Cap: approximately $2.08 trillion
Bank of America's Market Cap: around $343.82 billion
Bank of China's Market Cap: roughly $1.51 trillion (based on the European exchange)
Combining Bank of America and Bank of China's market caps, we get:
$343.82 billion + $1.51 trillion = $1.85382 trillion
Since $2.08 trillion (Bitcoin's market cap) is indeed larger than $1.85382 trillion (combined market cap of Bank of America and Bank of China), the statement is true. Bitcoin's market capitalization has surpassed the combined market cap of these two banking giants, showcasing its growing dominance in the financial world.$BTC