Ethereum’s Market Cap Surpasses Bank of America, and Mastercard As Crypto Rises

Nationalist politicians along with cryptocurrency are setting the foundation for the rise of a new promised land. People have a tendency to get overly caught up in the “price” of a cryptocurrency, rather than its simple premise; “Be your own bank”, or bank from your phone.

Adoption and usage of Bitcoin, Ethereum, and other cryptocurrencies has become widespread. This adoption has skyrocketed their market cap past the top financial service companies in history.

As its price finally surpassed the $3,000 mark, the total market capitalization of Ethereum (ETH) has soared along, overtaking some of the world’s largest financial institutions, such as Bank of America (BoA) and Mastercard (NYSE: MA).

The market cap of Ethereum stood at $366.13 billion at press time on March 24, in comparison, the market worth of BoA was $347.51 billion, while that of Mastercard was $337.12 billion, as per information acquired by Finbold from CompaniesMarketCap.com.

Source: CompaniesMarketCap.com

It should be noted that only one bank efficiently resisted yielding to Ethereum, as things stand. Namely, JPMorgan Chase had a market cap of $412.74 billion at the time of publication.

Of course, Bitcoin is the biggest mac daddy of them all. The pressure, ultimately, Bitcoin is going to put on paper currencies such as the dollar will be quite interesting to watch.

El Salvador's new President, Nayib Bukele, made El Salvador the first country to adopt cryptocurrency as legal tender. He also converted a large amount of the country's reserves into Bitcoin, and continued to buy when Bitcoin “crashed”. The result is El Salvador's Bitcoin portfolio is worth over $195 million since Bitcoin's latest bull run, priced in USD. He’s also paid back an external $800 million bond, something the demons in the press have largely ignored, hoping he’d not be able to make the payment.

When Bitcoin crashed, regime journalists basked in the glory, writing article after article about how Bukele had failed, but now that Bitcoin has once again skyrocketed, they've all gone silent as they return to blowing Joe Biden.

Bukele also has made news by cracking down harshly on the violent criminal gangs that had taken over El Salvador, once the world’s murder capital of the world. Of course, regime journalists attack him for this as well! You can always count on them to be the demons they are.

With Bukele, Javier Millei of Argentina, and maybe Orbán, then Trump, there exists a glimmer of hope that the world of blockchain and crypto could combine with nationalists to save, not only America, but to free the world from the central bank controllers, and authoritarians.

I have a dream!