Tag Archives: Switzerland

Bitcoin Is Worth More than the GDP of Switzerland

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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