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

posted 23 days 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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