Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: MRM on September 03, 2020, 12:46:04 PM
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At its current market cap, Bitcoin has a money supply worth more than 170 different fiat currencies.
Since its creation just over a decade ago, Bitcoin (BTC) has seen its price climb from practically nothing, up to its current value of over $11,300.
In that time, the market capitalization of Bitcoin—defined as its circulating supply multiplied by the value of each unit—has skyrocketed to reach more than $200 billion, making Bitcoin not only the largest cryptocurrency ever to exist, but also larger than many fiat currencies.
Source: https://decrypt.co/39425/bitcoin-is-now-the-6th-largest-world-currency
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Now reading this, my thoughts is that Chinese Yuan is #1 followed by United States Dollar.
Let me see if I am correct, (viewing ranks...) Okay I am wrong. Ahahahaha!
So the ranks are;
1 USD (United States Dollar)
2 EUR (European Monetary Unit)
3 CNY (Chinese Yuan Renminbi)
4 JPY (Japanese Yen)
5 INR (Indian Rupee)
6 BTC (Be-te-se)
Anyway, I am proud of Bitcoin for BTC to have reached that far. Very soon we will continue to see BTC climb in ranks.
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I think it is good news if bitcoin can become a big currency and ranks 6. but I'm also not sure because not all countries in the world can accept bitcoin as a means of payment.