Bitcoin is now the ninth largest currency in the world.

By derwin25 | Worldinfo | 1 Jul 2019


The Bitcoin with its new value that continues to rise despite the corrections that recently occurred, has managed to place within the Top Ten of the largest exchange currencies in the world, equal in size to the Russian ruble (Rubles). It is even bigger than the monetary base of South Korea that ranked number 9, This means that the monetary base of Bitcoin is now the world's 9th largest currency.




A monetary base can be defined as the total volume of a currency that is in general circulation, either in the hands of the public or in the deposits of the commercial banks that represent the reserves of the Central Bank.




According to the data, gold ranks first with $ 7.3 trillion of the market, while the Japanese Yen ranks fourth with more than $ 4.6b of the market, and the Chinese yuan ranks third with a value of $ 4.5b.

With a market capitalization of almost 197,739,448 billion, the Bitcoin cryptocurrency has been placed on a par with Russia and South Korea, surpassing the monetary base of the Mexican peso or the Brazilian real.

With a debt of 22 billion dollars, and growing as a stopwatch, it is not surprising that despite being the largest economy in the world, the United States is lagging behind in fourth place behind Japan, China and the Euro Zone.

An interesting fact is that the high volatility of Bitcoin has decreased, compared to the first months of 2018, where the price went from 17,000 dollars to less than 6,000.

According to projections for this year, with the adoption of Bitcoin on the rise worldwide, it will not be long before it reaches the monetary base of India, Switzerland, the United Kingdom and the United States.

How do you rate this article?



I like to look for new method of passive income.


Dedicated to the publication of content referring to the arrival of new technological trends and short stories of original authorship.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.