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Bitcoin cheered crypto fans around the world when it hit yet another new all-time high of $72,085 yesterday.
With the new ATH came an intriguing post from Watcher.Guru on X: Bitcoin is now the 13th largest currency in the world, in terms of market cap.
This means that, with a market cap of 19,654,328 BTC, Bitcoin is larger than the Swiss Franc (formerly number 13), the Mexican Peso, the Singapore Dollar and several other currencies, according to CoinMarketCap.
According to Invezz.com’s own research and CoinMarketCap, this means that Bitcoin has roughly 9,000 BTC in market cap to accrue before it overtakes both the Australian Dollar and New Taiwan Dollar as well to become the 11th largest currency in the world.
WatcherGuru noted on the news that:
The biggest difference between Bitcoin and other leading currencies in the world is the circulating market supply. While the vast majority of fiat currencies are limited in supply, Bitcoin will always have a maximum supply number.”
This is due largely to Bitcoin’s deflationary supply being controlled by regular, controlled halvings once every four years, the next of which is due to occur just five weeks from now.
The post Bitcoin beats Swiss Franc as 13th largest currency in the world appeared first on Invezz
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