Thread by @TokunboAdesina

#Bitcoin’s market value now $468 billion, bigger than #GDP of #Africa’s largest economy

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. At the time of writing this report, #Bitcoin comfortably outmatched #Nigeria’s #GDP with a market value of $468 billion

It’s important to note it also outsizes many leading #African economies including, #SouthAfrica – $351.4 billion, #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

#Bitcoin traded at $25,178.11 with a daily trading volume of $43 Billion. #Bitcoin is up 3.18% for the day. Bitcoin’s current market value stands at $467.8 billion

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 #hedgefund, #Grayscale, and the #CME #Bitcoin futures market.