rows · 2 days ago · View the full list of all active cryptocurrencies. Rank Name Symbol Market . Aug 18, · Gold Versus Bitcoin: Market Cap At the present time of writing, gold’s market cap is around $9 trillion USD. Bitcoin’s market capitalisation sits currently at $ billion USD. Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation. Nov 11, · Should bitcoin cash (BCH) flip the market cap of gold given current data, the resultant price is a shimmering $, per coin. None of this is to factor in changes in demand, tech innovation, adoption, etc., for better or for worse.
Bitcoin gold cryptocurrency market capWhat Is Bitcoin Gold (BTG) Cryptocurrency?
The US government can also raise debt at attractive interest rates, supporting the dollar's status. But a competitive challenge lies in the crypto space and in the rise of stablecoins. Shalini Nagarajan. Although the bitcoin rally was largely driven by institutional investors, he expects to see continued buy-in more from retail and Wall Street investors going forward. The researcher expects the US to digitize the dollar, but not too soon as he said "the Fed is happy with the way the world is.
Visit Business Insider's homepage for more stories. Read the original article on Business Insider. That is a matter of time, assuming retailers will show any legitimate interest in this altcoin. Right now, that seems unlikely, but weirder things have happened in cryptocurrency this year.
Bitcoin Cash had some initial struggles in this regard as well, yet it is firing on all cylinders right now. How all of this will play out for Bitcoin Gold, remains to be seen. More specifically, the USD value dropped by 5.
It is to be expected there will be a lot of BTG volatility in the days and weeks to come. More forms of Bitcoin competing for traction is not a bad thing, though. At the same time, Bitcoin Gold is not necessarily a Bitcoin competitor in its current form. Header image courtesy of Shutterstock. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
All Rights Reserved. Advertise Submit a Press Release. Home Cryptocurrency news Bitcoin. What Europeans call current accounts. It excludes less liquid, broad money, notably money held in time-deposits savings accounts. Bitcoin Money Supply was 41 in global rank on 1 Jan Now USD M1 changes over time.
Usually, it grows — much more quickly than the supply of Bitcoin measured in BTC — and, very rarely, decreases. The MS for Bitcoin presently is It will rise to a maximum of 21 million.
You know the story, the best-performing currency in , , , , A Reserve Currency is a one that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. Reserve Currencies are normally considered to be hard or safe-haven currencies.
Source: IMF. MS of Bitcoins vs. Plus Gold, CNY. EUR excluded. That could happen in the next one or two years. This is important — status as a Reserve Currency creates a significant additional demand for that currency independent of other sources of demand, such as for payment and for investment.
So if the Pound Sterling was not a Reserve Currency, for example, its international buying power would be much weaker. Plud, Gold, China, Bitcoin. Can bitcoin reach world reserve currency scale? Finally, it is evident from the MS table that something very interesting is happening in Switzerland. They love cash. UK population 64 m. So, the Swiss Government enables its citizens to hold cash.