A pandemic crisis that has shifted attention to traditional economic issues is an accomplice, bitcoins seem to be missing from digital innovation radars.

We keep talking about fintech, but we do it with a close connection to the classic financial way.

The Bitcoin theme is the English financial information website Buy Shares, created to keep the financial market’s attention on the UK scenario after Brexit, which points out that today the capitalization in Bitcoin, 169 billion

The data collected by Buy Shares, which refer to July 2020 but were collected in January, indicate that the asset bitcoin shows a Roi of 27.18% on an annual basis.

Too big to fail?

The figures show that with 433,5 billion dollars of JP Morgan Chase capitalization, it is the largest bank in the world. Second place of the market capitalisation is Bank of America with 306 billion dollars.

It closes the ICBC podium, third place with a capitalization of $290.9 billion followed by a distance from the China Construction Bank with a cap of $ 218.4 billion.

Wells Fargo is the fifth largest bank in the world with a market capitalisation of $203.3 billion, followed by Agricultural Bank of China and Citigroup respectively at $178,8 billion and $171,5 billion.

Then there’d be Bitcoin if it was a bank.

The current market capitalisation of Bitcoin exceeded other large banks such as HSBC which currently has a capitalization of 157.5 billion.

Other banks with market capitalisation below Bitcoin are The Bank of China (146.6 billion), China Merchants Banks (137.7 billion), Royal Bank of Canada (116.6 billion), HDCC Bank Limited (112.7 billion), Toronto Dominion Bank (

The Roi of Bitcoin

Compared to the main banks’ shares, as collected by Buy Shares, Bitcoin would have determined the best return rate on the investments of the banking sector, which was hit hard by the global stock-value crisis.

The bitcoins have a Roi of 27.18%, with China Construction Bank Corporation taking second place with a Roi of 2.52%. The Industrial and Commercial Bank of China has negative returns of 19.5%, JP Morgan Chase has a ROI of -29,58% followed by -34,07% of Bank of America, while Wells Fargo would have the worst returns: -53,62%.

Hyperinflactive phenomenon in South America

In parallel, a study published by the British Investment Site Invezz revealed a peak of bitcoin trading in South America since the beginning of the pandemic by Covid-19.

The study analysed the level of trading from March to May 2020 compared to the same period as the previous year. Invezz notes that bitcoin trading for a total of 370,917,838 euros was done on the LocalBitcoins platform during the Covid-19 compared to 590,870,535 during the same period last year. This is a total decrease of 220 million euros.

Despite this many nations in the South American continent have actually seen an increase in activity: Colombia, Chile, Argentina and even though Venezuela has fallen in trading, it is now in 2nd place in the world in terms of trading of Bitcoin. It seems that Venezuelans can use bitcoins to pay for goods and services in over 20,000 stores.

The cause of this phenomenon is hyper-inflation in the South American countries, fuelled by the pandemic crisis, which has led citizens to use other forms of currency.

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