Bitcoin is now bigger than the monetary base of Russia, South Korea, Brazil, Canada, and Norway as its capitalization rises with price.
If you don’t count gold and silver, Bitcoin is now the ninth largest currency in the world. It comes in at 10th place after the two precious metals.
How significant is this? Well, with a market cap currently at $162 billion and with some analysts predicting a BTC value of over $40k by the end of 2019, after just 10 years of being created, it’s a pretty big deal indeed.
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