According to Crypto Voices, the “digital gold” is among the ten largest financial systems in the world.
Global Base Money UPDATE: @$8,940, #bitcoin is larger than South Korea’s monetary base (2019 Q1 won value). This means Bitcoin’s monetary system is now the *9th* largest currency in the world, #11 if you count gold & silver. Full update will follow in CV 2019 Q2 update. pic.twitter.com/uOurAwuTzm
— Crypto Voices (@crypto_voices) 18 июня 2019 г.
Bitcoin shares the tenth position with the Russian ruble. Crypto Voices has published statistics for the second quarter, and these figures testify to the success of cryptocurrency. According to the data, gold takes the first place ($7.3 trillion), while the Japanese yen takes the second place ($4.6 trillion) and the Chinese yuan takes the third ($4.5 trillion). Bitcoin capitalization equals $0.2 trillion.
It should be noted that at the time of creating the report by Crypto Voices, the cost of the leading cryptocurrency was $8940. Three days later, the situation has changed significantly, and the price of BTC tends to $10,000. Therefore, if the report was compiled today, Bitcoin would have taken a higher position in the rating, leaving the Russian ruble behind.
Co-founder of Fundstrat Global Advisors, Tom Lee, claims that after Bitcoin exceeds $10,000, and such a scenario is not far off, the cryptocurrency will continue to move to $40,000.
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