{"id":392427,"date":"2019-08-07T13:00:37","date_gmt":"2019-08-07T13:00:37","guid":{"rendered":"https:\/\/ktsl888.com\/?p=392427"},"modified":"2019-08-07T11:47:04","modified_gmt":"2019-08-07T11:47:04","slug":"bitcoin-now-the-worlds-eleventh-largest-money-supply","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-now-the-worlds-eleventh-largest-money-supply\/","title":{"rendered":"Bitcoin Now the World\u2019s Eleventh Largest Money Supply"},"content":{"rendered":"
Bitcoin has grown exponentially over its decade long existence. So much so that it is now the eleventh largest form of finance on the planet, larger than currencies of many powerful nations.<\/p>\n
With a market capitalization of just over $200 billion, Bitcoin is now larger than the money supply of South Korea, Australia, Canada, and Brazil. According to statistics it could soon enter the top ten outpacing the likes of Russia and India.<\/p>\n
Crypto trader going by the twitter handle \u2018Rhythm Trader\u2019 pointed out that Bitcoin is now the eleventh largest currency in the world.<\/p>\n
\u201cBitcoin is now the 11th largest money in the world, and it obtained this with only a nine-page paper created anonymously fueled by a grassroots movement. Millions of people have chosen a bank with no CEO, office or marketing department and it should absolutely blow your mind.\u201d<\/p><\/blockquote>\n
https:\/\/twitter.com\/Rhythmtrader\/status\/02777856<\/p>\n
Gold is clearly the world\u2019s most popular store of value with a capitalization of over $8 trillion. By comparison BTC is only a tiny fraction of this so has plenty of room to grow. Silver, which is very stable and hardly fluctuates, has around $800 billion according to the chart so Bitcoin represents a quarter of that.<\/p>\n
Back in March, Galaxy Digital CEO and founder Mike Novogratz, suggested that Bitcoin\u2019s market cap could actually surpass that of gold<\/a> over the next two decades. While this sounds like a tall order at the moment, it would put the theoretical price of each BTC at a monumental $350k when the price peaks out in 2045.<\/p>\n
The 27th<\/sup> Largest ‘Company’<\/h2>\n