Bitcoin Is Now Better Money Than Many Emerging Market Currencies

[sneakyboi]

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.”

Learn more about the news here.