Bitcoin Rated 6th Among the Top Global Currencies

[fullhdpixel]

How exactly is this "fiat value" measured? Is it measured by gathering the value of all USD banknotes in circulation? The USD and all big fiat currencies aren't just a bunch of banknotes. What about all the fiat currencies that are in the balance sheets of all banks? What about all fiat currencies that are in a digital form, like the money in your Paypal or Cashapp accounts? I think that the USD and EUR are very underestimated by this research. Yes, Bitcoin has a 1 trillion USD market cap, but market capitalization isn't a great tool for measuring the power and influence of any financial asset.

Yeah exactly I have same kind of question, plus they can just print whatever they want, it is not like it really would be devalued all that much, not in the USD case, they printed 50% of their money in the past 5 years and they are still doing fine, it doesn't really feel like that is a good idea to calculate it that way. I feel like the best thing to do in this case would be just allowing most of these to be just made up numbers and not really care about it.

If you want bitcoin to be great in your mind, then it is already great, bitcoin is one of the best assets out there in the world, one of the biggest as well. You do not need these type of stuff to make it work somehow, it just doesn't really make any changes at all, you should consider that as normal.

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[9TONNN]

source

At global monetary value, bitcoin is top 6th using the analysis of market capitalization while comparing to other existing fiat currencies, this is a significant difference that makes bitcoin be among the top rated because of it's unique value and increasing rate of adoption as the market cap continues to surge ahead other long term existing fiat currencies.

We had this happening even before the great occasion of the 2024 halving began when bitcoin break the first ever recorded of $1 trillion dollars, while it could be recalled that it was after the previous 2020 halving it marked it's all time market cap high, unlike having the experience right before the halving begun this time, this also shows a significant increase in adoption and how bitcoin have been seen as a preferred digital currency or investment asset globally.

Bitcoin has come to stay, invest today and hodl.

 

I predict BTC will dethrone USD and claim the topmost position by 2030. Come back and congratulate me when that event comes to pass.

[JayTrain]

I believe that Bitcoin has demonstrated its unique value, ranking 6th among currencies. Its market capitalization growth and popularity as an investment asset confirm its stability and future prospects. Investing in Bitcoin is a reasonable decision for today. It's still unclear what will happen after the halving, but I anticipate explosive growth.

[Doan9269]

How exactly is this "fiat value" measured? Is it measured by gathering the value of all USD banknotes in circulation? The USD and all big fiat currencies aren't just a bunch of banknotes. What about all the fiat currencies that are in the balance sheets of all banks? What about all fiat currencies that are in a digital form, like the money in your Paypal or Cashapp accounts? I think that the USD and EUR are very underestimated by this research. Yes, Bitcoin has a 1 trillion USD market cap, but market capitalization isn't a great tool for measuring the power and influence of any financial asset.

Yeah exactly I have same kind of question, plus they can just print whatever they want, it is not like it really would be devalued all that much, not in the USD case, they printed 50% of their money in the past 5 years and they are still doing fine, it doesn't really feel like that is a good idea to calculate it that way. I feel like the best thing to do in this case would be just allowing most of these to be just made up numbers and not really care about it.

If you want bitcoin to be great in your mind, then it is already great, bitcoin is one of the best assets out there in the world, one of the biggest as well. You do not need these type of stuff to make it work somehow, it just doesn't really make any changes at all, you should consider that as normal.

And this is also one of the reasons why bitcoin will always have edge over them in value because they can be manipulated by the government or its officials in charge, if we don't have a measure to the availability of something, how can we monitor its distributions, we have data information's on the population of the people and we have no limit to the amount of money the government have capacity of printing for proper regulatory, bitcoin is decentralized which they don't like at all, the mining has a specific target and they still dont understand all these are far ahead the fiat currencies they are controlling and cant make account on.