Bitcoin vs Real money

Jameson Loeb, chief developer of BitGo, Blockchain security company, has conducted calculations showing that Bitcoin ranks 32rd globally in terms of its trading value. Where he compiled the M1 index for cash supply, which put the Bitcoin before Singapore and South Africa, while it would rank after Finland and the United Arab Emirates. By creating this version of the global M1 index, a measure that evaluates money supply in a country that includes real money - both paper and metal - as well as audit accounts, Lopez calculates that the Bitcoin will end up at much higher prices.

Limited Money Assessment:-

Limited funds are used in the index as a measure to determine the currency value. As the country's limited money is essentially every piece of money, taking into account all the paper money as well as coins, and even the digital money stored in bank accounts. The assets held by the Central Bank are also considered. Using this measure and the Bitcoin value in circulation, Loeb got the market value of Bitcoin at the time he made the calculations and was $ 122,406,125,890. However, with the constant volatility of prices, the market value of Bitcoin has reached $ 125 billion in the last three days alone, which would put Bitcoin at 31 - before Finland.

Growth is rapid:-

The price of the Bitcoin continued to rise and record new records recently, as the price reached $ 7500. The market capitalization of Bitcoin has also generally increased, dominating the digital currency market by more than 60 percent. While the price and market value of Bitcoin are key factors in their overall value, metrics such as the LOP scale have begun to focus on the impact and value of the digital currency.

Increasing dependence:-

Because the currency of the Bitcoin has broken the barrier between currency and property, it is difficult to ignore this. However, there are two factors that help in different ways. Recently, the decision by CME Group, the world's largest trading platform owner, to introduce Futures contracts by the end of the year has helped to boost the value of Bitcoin. After more traditional investors seize the opportunity. In addition, their liquidity also allows them to be considered a currency and are therefore comparable with other countries and their funds.

Reach $ 1 trillion:-

Some current predictions suggest that the value of the digital currency market could exceed $ 1 trillion in 2018. Because of the dominance of the Bitcoin, much of this value has been shaped by this basic digital currency. In addition, many believe that the rapid growth of Bitcoin's market value is impressive. It rose from less than $ 20 billion on January 2 to $ 201 billion on November 5, and once the $ 1 trillion is reached, the currency is the main player in the market. A market value of $ 1 trillion for Bitcoin would easily make it eighth ahead of Spain, and after Italy, which has the lowest position in the world for $ 1 trillion of limited money.