Did you know the ECB is printing 3x the entire Market Cap of Bitcoin in fiat every month?

6 days ago
69 in money

To put the current Bitcoin price into perspective... Did you know the European Central Bank (ECB) is printing 3x the entire market capitalization of Bitcoin in fiat every month?

The ECB is buying 60 billion euros of assets a month with newly created money!
At the current Bitcoin price of $1230 the Bitcoin market capitalization stands at 20 billion in US Dollar (18.37 billion Euro). This means that instead of buying government bonds the European Central Bank could buy all Bitcoin in existence every 10 days at the current Bitcoin price.




Market capitalization

AssetMarket Cap in millions of USD
Gold$7,734,000
Silver$900,000
Bitcoin$20,104
Steem$58

TL;DR:

  • Banksters are crazy!
  • Bitcoin is still cheap :)

This is a 100% Steem Power post!
¯\___(ツ)____/¯ Don't miss out on my next post! Follow me @penguinpablo

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66
  ·  6 days ago

This post has been ranked within the top 80 most undervalued posts in the second half of Apr 18. We estimate that this post is undervalued by $1.58 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Apr 18 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

66
  ·  5 days ago

Really true - nice picture about robbery :-)

59
  ·  3 days ago

Glad to be part of this bitcoin, blockchain, crypto era!!!

:D