Bitcoin briefly loses its spot as top cryptocurrency — Wait, what?
Cointelegraph
Published Jan 14, 2021 11:08AM ET
Updated Jan 14, 2021 06:20PM ET
Bitcoin's market capitalization was briefly flippened today as Wrapped Bitcoin suddenly gained quadrillions of dollars in value.
WBTC showed a behemoth market cap of about $432 quadrillion for a brief period (the total world money supply is estimated at $1.2 quadrillion, including derivatives, according to Rankred.com.) It sat listed atop all the other assets, even Bitcoin (BTC), which had a valuation of roughly $733 billion at the time.
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Written By: Cointelegraph
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