The price of the world’s most popular cryptocurrency recently surpassed $25,000, reaching a new milestone of $25,199.50 on FTX exchange and surpassing the Gross Domestic Product of any country in Africa.
Africa’s largest economy, Nigeria has a GDP, valued at $$448.1 billion. Bitcoin comfortably outmatched Nigeria’s GDP with a market value of $468 billion.
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It’s important to note it also outsizes many leading African economies including, South Africa – $351.4billion, Egypt – $303.2billion, Algeria – $169.98billion, Morocco – $118.7 billion, Ethiopia – $96.12 billion, Kenya – $95.5 billion, Angola – $94.6 billion, Ghana – $66.9 billion, Tanzania – $63.2 billion.
What you must know
- Bitcoin traded at $25,178.11 with a daily trading volume of $43,045,202,470 USD. Bitcoin is up 3.18% for the day. Bitcoin’s current market value stands at $467.8billion.
- The flagship crypto is on its record high amid strong purchases seen in institutional and accredited investors gaining more exposure to Bitcoin through the world’s biggest crypto hedge fund, Grayscale, and the CME Bitcoin futures market.
- Still, in the short term global investors, crypto experts anticipate that Bitcoin’s trajectory remains optimistic.
