The cryptocurrency industry has finally reached its long-sought goal of taking on banks.

As noted by Jim Bianco of Bianco Research, the total crypto market has surpassed the value of the S&P Composite 1500 Banks index, which tracks the performance of publicly-traded baking institutions in the U.S.

As reported by U.Today, the cumulative market cap of all cryptocurrencies surpassed $2 trillion for the first time on Apr. 5.

Bianco attributes the milestone to altcoins whose market share is now nearing its two-year high amid the ongoing rally. The researcher believes that they have more room to run despite their massive gains:

Altcoins reached 70% of the universe in 2018 (mainly ETH). Then the bubble popped. This measure suggests altcoins are not overdone relative to bitcoin. Or ETH/DeFi has room to go.

Despite its declining dominance, Bitcoin alone is still now worth more than JPMorgan Chase, Bank of America, and Wells Fargo combined.

A year ago, for comparison, the whole crypto market cap was smaller than that of JPMorgan, the largest U.S. bank.

What’s next?
If the crypto market cap doubles from here, it will surpass the value of all American financial companies, which includes brokers, exchanges, a*sets managers, and finance and leasing companies.

In order to eclipse all financial companies across the globe, the total crypto market cap will need to quadruple, according to Bianco's estimations.

 https://u.today/cryptocur .. banking-system

This zilliqa bag is oh so heavy we eating my n*ggas.

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Heard the market cap could reach up to 11 trillion by years end. A lot of people are investing traditionally and holding.

I was on the side of trading highs and lows until I found good value from holding.

this sounds bad can we compared the transactions between them?

I'm gonna become a millionaire from crypto. #Bandemic

Joseph said I'm gonna become a millionaire from crypto. #Bandemic

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n*ggas thought it was a scam or some here today gone tomorrow type sh*t but nah I'm up 6 figures. Life's good lol.

Bilal said n*ggas thought it was a scam or some here today gone tomorrow type sh*t but nah I'm up 6 figures. Life's good lol.

sh*ts inspire plair, shouts the bX crypto trailblazers !

Look into SAFEMOON. Hot new coin in the crypto market.

Be careful they gonna find a way to regulate they manipulating the sh*t outta crypto all while using it for all kinds of illegal shid

Lol thread won do numbers cause n*ggas don't want to hear it

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I just got in and already seeing gains

All kinds of steins are mad af rn

yo the thumbnail got me weak

I'm paying more attention to crypto now more than stocks

the stock market is too controlled - you already know the world banking cartels are mad af.

this the wild west right now

this sh*t in 20 years will be highly regulated and controlled. time to make them bandz now

my advice for the noobs just cop and hold eth and btc for now. thank ya boy later

Skilllz said yo the thumbnail got me weak I'm paying more attention to crypto now more than stocks the stock market is too controlled - you already know the world banking cartels are mad af. this the wild west right now this sh*t in 20 years will be highly regulated and controlled. time to make them bandz now my advice for the noobs just cop and hold eth and btc for now

Don’t bother with any of the others ? I’m still learning.

Bilal said This zilliqa bag is oh so heavy we eating my n*ggas.

What’s the projections looking like ?

What's up with that thumbnail? Don't do my thread like that bruh

boobalo1 said Don’t bother with any of the others ? I’m still learning.

if you want to be more active then yeah definitely look into alt coins. if they pop you get the most bang out of your buck because they're cheaper.

if you just want to invest and not think about it then do as i recommended.

like anything do your research, but definitely look into crpyto

This thumbnail confirms that rick Rubin and Lyor Cohen run bx

boobalo1 said What’s the projections looking like ?

It belongs to Singapore they've stated they're trying to be the entrance to Asia for companies and blockchain. They already built and are running the Singapore digital dollar.

The ethereum bridge is coming q2. Mark cuban just bought mintable a nft zilliqa company. Zilliqa is at 20 cent now when it's all said and done I'm thinking a sustainable 7-10 dollars however I got a million and staking them all so I get 400 zil a day at 12000 (that I keep the rest I restake) a month.

I can live off staking and won't ever have to sell. I'm starting to look at what country I'm gonna move to. Definitely somewhere tropical thailand is high on my list.

Bilal said What's up with that thumbnail? Don't do my thread like that bruh

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aaf192020 said Heard the market cap could reach up to 11 trillion by years end. A lot of people are investing traditionally and holding. I was on the side of trading highs and lows until I found good value from holding.

DCA some bitcoin brehs. And soem ETH but mostly bit

Bilal said What's up with that thumbnail? Don't do my thread like that bruh

That sh*t is comedy the joke legit wrote itself

and thats why they want to outlaw