Post
Topic
Board Economics
Re: Whats the ranking of bitcoin in terms of currency
by
cybersofts
on 03/11/2017, 23:09:14 UTC
Is it like #1 since it costs like ~$4000 for 1
I wouldn't put it like that. I would actually, instead, take a look at the market caps of both of the currencies that you are comparing. A lot of people who look at bitcoin as an investment also compare it to the Apple stock, which has the highest market cap. However, even though bitcoin is not just an investment but also a currency, I have not seen it compared to numerous fiat currencies because it's just not as versatile as they are right now. Once bitcoin has more support in the markets, then potentially it can be compared to the USD.
The guy was talking about the currency not stock market.
When people are talking about bitcoin, they are talking about bitcoin in form of currency not asset mostly.
In terms of global currency - bitcoin is definitely number one because it's worth over $6,000 and no currency in the history of the world ever reach that. Grin