Crypto News – According to Bitcoin credit card firm Bold, in December, Bitcoin was among the top 15 largest currencies in the world.
Bitcoin Enters the List of the 15 Largest Currencies in the World
That is supported by data from the Blockchain Intelligence Consortium (CEIC) and CoinGecko, which indicates that on November 19, the market capitalization of Bitcoin was $732.5 billion. Based on CEIC data, the rupee was the second most valuable currency in the world in November, with a money supply (M1) of $693.1 billion in US dollars.
In November, Bitcoin trailed closely behind Switzerland. According to CEIC data, the money supply (M1) of the Swiss franc was $749.1 billion in US dollars last month. The world’s first cryptocurrency, Bitcoin, surpassed the Swiss franc and is now closing in on the South Korean won, with a total market valuation of $840 billion on Tuesday. The price of the cryptocurrency surged in December due to spot ETF anticipation.
Bitcoin Still Has a Long Way to Go
Note that Bitcoin would become the most valuable currency in the world if its price reached $919,305 today, surpassing the $18 trillion M1 money supply of the US dollar. Investor in cryptocurrencies Anthony Pompliano recently noted on CNBC’s Squawk Box that Bitcoin would only need to trade at half a million dollars per coin if it were to match the market capitalization of gold.
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