Re: Bitcoin is Already More Valuable Than Many National Currencies
BitGo lead engineer Jameson Lopp created a clone of the global M1 index, a metric used evaluate the money supply of a country, to observe bitcoins ranking amongst some of the worlds most widely used and accepted currencies like the US dollar and Japanese yen.
According to Lopp and the clone of the global M1 index he has created, bitcoin is currently ranked 32nd most valuable currency globally, with a market valuation of over $122 billion. The market cap of bitcoin is larger than many of the national currencies like the Singaporean dollar, Malaysian ringgit, Thai Baht, and Brazilian real.
Source: https://twitter.com/lopp/status/926890349284376576/photo/1
According to the chart provided by OP, i am very certain that bitcoin is already valuable than the local currency in my country at the moment. And it will continue to grow and waiting for it to surpass the US currency.According to Lopp and the clone of the global M1 index he has created, bitcoin is currently ranked 32nd most valuable currency globally, with a market valuation of over $122 billion. The market cap of bitcoin is larger than many of the national currencies like the Singaporean dollar, Malaysian ringgit, Thai Baht, and Brazilian real.
Source: https://twitter.com/lopp/status/926890349284376576/photo/1