Ah, Switzerland. Home of fine chocolate, discreet bankers and pharma giants. It’s one of the richest countries on earth per capita, and home to world-leading companies like Nestle and Novartis.
But this entire nation of nearly 9 million people with a history going back to the year 1300 has a GDP smaller than the total value of bitcoin, which has existed for just 13 years. The IMF pegs Swiss GDP at $824 billion, versus $921 billion for bitcoin.
The total value of all cryptocurrencies is over $2 trillion, comparable to the GDP of Italy, the number 8 economy worldwide.
These stats show just how accepted cryptocurrencies have become. They’ve gone from a fringe technology to a size comparable to the entire economy of major countries.
Will they someday pass the biggest GDP heavyweight, the United States?
Dig into these posts for more on bitcoin:
Photo: “Switzerland” by T@H!R – طاھر is licensed under CC BY-NC-ND 2.0
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