Bitcoin VS Money M1 of fiat currencies
The moment when you realize that bitcoin have a larger market cap than the m1 estimation (cash, bank deposits) of countries like Singapore (SGD), Brazil (Real), Thailand (Baht), United Arab Emirates (AED), UK (£), ...
Bitcoin Top 30 currency (~137,000,000,000 usd)
Ethereum Top 57 currency (~45,000,000,000 usd)
Bitcoin cash Top 63 currency (~27,000,000,000 usd)
Ok RMB (China), EUR, JPY (Japan) and USD are still way bigger, but CHF (Switzerland), AUD (Australia), RUB (Russia) are (INR) India are not so far from reach. 2018 will be definitely interesting in the crypto world.
What are your thoughts about it ? What can happen if bitcoin keeps growing?
Cheers,
Cryptoalan
Source 31.12.2016: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2214rank.html!
Post written on 25.11.2017
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