The Electronic Currency worth $342,000 Per Coin

If You Thought Bitcoin Was Expensive, Check Out Bit20 $342K

Bitcoin is currently over $11,000.
There are over 1200 Cryptocurrencies available and can be followed @
https://coinmarketcap.com/all/views/all/

The Bit20 is valued at over $342,000 at moment. With only 1 available who decides the value? What will happen with all these Cryptocurrencies?

Is this the New Stock Market?

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