Bitcoin Surpasses Swiss Franc To Become World’s 13th Largest Currency

Bitcoin Surpasses Swiss Franc To Become World’s 13th Largest Currency

Visit the original article*,cs_srgb,fl_progressive,q_auto:good,w_620/MTg0NzAwNjMyOTM3MDE0Mzky/img_3299.jpg

The Swiss Franc (CHF) is worth 18,826,374 BTC in market cap at the time of writing, a little less than Bitcoin.

At the time of writing, Bitcoin has surpassed the Swiss Franc (CHF) in market capitalization as the world’s thirteenth largest currency, according to data from There are only 12 world currencies left for Bitcoin to overcome. takes a Bitcoin standard approach to analyze currencies. It measures the world’s biggest currencies in terms of market capitalization as priced in BTC, the best form of money ever created but still lagging in perception.

The website also uses BTC as a measuring stick for countries’ gross domestic product (GDP), which puts Bitcoin at eighteenth place.

As the world starts recognizing the superiority of BTC in nearly all aspects of a good money, namely durability, portability, verifiability, divisibility, and scarcity. As time progresses and bitcoin adoption increases, it is set to have a more well-established history of success, which confers upon it a greater appeal for usage.

By thinking in bitcoin terms right away, people can realign the incentives governing their economic decisions. As monetary supply increases indefinitely, inflation follows suit and so do prices, leading to a distorted view of the economic reality based on the feedback given by free market prices.

A Bitcoin standard has the potential to restore the confidence of market participants in the overall prices being used in the economy. Since one BTC cannot be debased through loose monetary policies governed by corruptible human beings, its assurances of retaining purchasing power allow for a realignment of economic incentives.

In the fiat system based on debt, people are discouraged from saving and encouraged to take on debt, never deferring the option to spend now for later. In a Bitcoin economy, people would not be rushed to spend their money since they would have the assurance that their purchasing power would be preserved over the long term.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Bybit Welcome Bonus: Up to $600 in Rewards

Avalanche DEX Trader Joe turns to Chainlink for new lending platform ‘Banker Joe’

Will October Be a Hurdle or a Blessing in Disguise for Bitcoin(BTC) Price?

Bitcoin Price is on a Tear, Where Will The Next Stop Be? – Coinpedia – Fintech & Cryptocurreny News Media