Interesting graphic from BlockTown Capital which shows the M2 market supply (savings deposits, mutual funds, check deposits, and cash in circulation) of the world's largest currencies. Bitcoin comes in slightly above the Colombian peso despite its short history.
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Bitcoin Is Among The Top 30 Largest World Currencies, Despite Being Down 50% From ATH
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One Bitcoin consists of 100,000,000 Satoshi, meaning that 1 Satoshi is 0.00000001 BTC. Its value against the US dollar has been increasing steadily. The current price of Bitcoin is just beneath $10,000 and 1 Satoshi is worth $0.0001. Only 3 years ago, the same correlation showed the USD 20 times more valuable, when the BTC price was around $500. Bitcoin’s rapid growth over the years has made the cryptocurrency a factor that can no longer be ignored. In fact, the steady decline of the purchasing power of the USD raises questions of whether one should keep its increasingly valuable Bitcoin while spending the decreasing dollar.
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