Bitcoin now ranks in the top 30 world’s largest currencies by M2 and marketcap

posted about 2 months ago
Bitcoin is currently one of the world’s top 30 largest currencies in the world, and it's now priced at less than half of its all-time high. The chart below represents M2 market supply for the world’s largest currencies. It includes mutual funds, saving deposits, checking deposits as well as the cash in circulation.

Currency_Rankings

The Chinese Yuan is reportedly the largest M2 currency with $29,011 bn. 2nd is the US dollar with $14,521 bn. Bitcoin is currently in the 29th spot. Bitcoin’s market cap has recently surpassed the M2 currency supply of the Colombian Peso.

The current market capitalization of Bitcoin is $183 billion. Towards the end of December 2017, the price of Bitcoin had reached around $20,000 with a market cap crossing $320 billion. That would have placed BTC higher on this graph. It’s worth noting, the price of 1 satoshi (Bitcoin’s smallest unit) above the price of 7 fiat currencies. The value of 1 satoshi is more than:
1 Iranian rial
1 Indonesian rupiah
1 Vietnamese dong
1 Guinean franc
1 Laotian Kip
1 Sierra Leonean leone
1 Uzbekistani som
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