Bitcoin Becomes the World’s 11th Largest Money Supply | Crypto Craft

  • Bitcoin Becomes the World’s 11th Largest Money Supply

    From coindoo.com

    Bitcoin (BTC) – the world’s largest digital currency by market capitalization – has grown leaps and bounds in the past couple of years. It is now bigger than most powerful nations’ monetary bases. It has become the 11th largest currency on earth. It is therefore clear that the top-ranking cryptocurrency has the potential to become a global currency. Monetary base According to the US Federal Reserve, the monetary base is defined as “the sum of currency in circulation and reserve balances – deposits held by banks and other depository institutions in their accounts.” With a market cap of only $200 billion, ... (full story)

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cryptocow
Aug 7, 2019 10:16am
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Interesting:

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Gold has a market cap of more than $8 trillion and is still the most popular store of value in the world. Bitcoin has a market cap of around $200 billion. As you can see, this is just a fraction of gold’s total market capitalization. And the current silver market, which is hardly affected by the laws of supply and demand, is valued at about $800 billion against Bitcoin capitalization.
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