Bitcoin Is Now The 11th Largest Money In The World

 

The Rundown

• Less Is More, More Or Less
• Come And Have A Go If You Think You’re Hard Enough
• Ain’t No Mountain High Enough
• Does This Really Mean Anything?

Less Is More, More Or Less

Bitcoin’s mathematically limited supply has seen it being increasingly used as a store of value and an associated climb in price. In terms of market cap, bitcoin now beats the national currencies of Brazil, Canada, Mexico, Australia, and South Korea.
At time of press, the value of all the bitcoins ever created was over $0.21 trillion. That is just short of the global supply of Russian rubles.

Come And Have A Go If You Think You’re Hard Enough

So who’s next? After all, Bitcoin is the hardest money ever created, so it stands to reason there are some more scalps in its sights.
Well, after Russia is despatched, the bitcoin market cap will have to double to topple the next largest supply of India. There is currently over $0.4 trillion worth of rupees in circulation. Another similar increase would be required to overtake Switzerland ($0.6 trillion), and the same again to become more valuable than the current supply of silver ($0.8 trillion).
At this point, the United Kingdom would also have fallen by the wayside, with around $0.7 trillion worth of sterling in circulation.

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