Bitcoin value of $ 18,000 what? BTC market capitalization may exceed Canada’s financial base

Bitcoin price of $ 18,000 what? BTC market capitalization could exceed Canada’s monetary base

As (BTC) has blown its market cap at $ 14,000 exceeded the monetary base of the Russian ruble. This measure includes both physical currencies and bank reserves normally held by a country’s central banks.

Bitcoin market price was derived to match the world’s best money bases. Source: Crypto votes

The above chart might seem complicated at first, but it simply compares gold, silver, bitcoin and the remaining global currency bases. We can see that in the U.S. there is $ 4.9 trillion in physical notes, coins, and bank deposits parked with the Federal Reserve. By dividing that number by the current 18.5 million BTC outstanding, we get the $ 263,000 given above.

Fiat base money supply. Source: Crypto votes

Read on on Coin Telegraph

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