Bitcoin Is Now Better Money Than Many Emerging Market Currencies
Bitcoin is building a strong use-case as a medium of exchange for global transfers.
Data pulled by Japanese multinational financial services firm Nomura finds that Bitcoin is outperforming many emerging currencies.
A dive into these markets’ characteristics reveals that Bitcoin’s performance is better than in many of these countries.
The one-year volatility of Bitcoin is low compared to emerging currencies. Emerging countries are those that resemble many developed countries but fall short on a few metrics. Many economists also use the term “emerging markets.”
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