{"id":320245,"date":"2020-12-27T11:53:03","date_gmt":"2020-12-27T11:53:03","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=320245"},"modified":"2020-12-27T11:53:03","modified_gmt":"2020-12-27T11:53:03","slug":"bitcoins-market-value-now-468-billion-bigger-than-gdp-of-africas-largest-economy","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2020\/12\/27\/bitcoins-market-value-now-468-billion-bigger-than-gdp-of-africas-largest-economy\/","title":{"rendered":"Bitcoin\u2019s market value now $468 billion, bigger than GDP of Africa\u2019s largest economy"},"content":{"rendered":"<p>The price of the world\u2019s 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.<\/p>\n<p>Africa\u2019s largest economy, Nigeria has a GDP, valued at $$448.1 billion. Bitcoin comfortably outmatched Nigeria\u2019s GDP with a market value of $468 billion.<\/p>\n<blockquote><p>It\u2019s important to note it also outsizes many leading African economies including, South Africa \u2013 $351.4billion, Egypt \u2013 $303.2billion, Algeria \u2013 $169.98billion, Morocco \u2013 $118.7 billion, Ethiopia \u2013 $96.12 billion, Kenya \u2013 $95.5 billion, Angola \u2013 $94.6 billion, Ghana \u2013 $66.9 billion, Tanzania \u2013 $63.2 billion.<\/p><\/blockquote>\n<p><strong>What you must know<\/strong><\/p>\n<ul>\n<li>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\u2019s current market value stands at $467.8billion.<\/li>\n<li>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\u2019s biggest crypto hedge fund, Grayscale, and the CME Bitcoin futures market.<\/li>\n<li>Still, in the short term global investors, crypto experts anticipate that Bitcoin\u2019s trajectory remains optimistic.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The price of the world\u2019s 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.<\/p>\n","protected":false},"author":4,"featured_media":320246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[3],"class_list":["post-320245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-markets","tag-bs-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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