Bitcoin Rated 6th Among the Top Global Currencies

[Faisal2202]

OMG, BTC has really outperformed all of our expectations, I did not notice that it can be compared with real-life currencies by any means, because it already proved itself but talking about market capitalization, I never thought BTC would give good competition to the fiat currencies. In the upcoming years, I can say for sure that BTC will be in the top 5 and then in the top 3 as well. But I doubt if world economic systems would allow that.

But there is nothing bad for world's economies if they are left behind due to the BTC, or is there any bad for them? So far I don't see any disadvantage to them so why would they be jealous of it, I think if that's it then no one stops BTC from going into the top 3. Informations like these can be used to show people the real potential it have, especially to those people who still thinks BTC is just a bubble and it will pop with time.

[icalical]

This is a definitely a great news, but we still have a problem, there is still lack of adoption in term of acceptance. If we want to call Bitcoin as a currency and not just merely an investment instrument, we need Bitcoin to be accepted as payment method. If not in a traditional or local store, at the very least for global companies. Currently I can't barely find any store that accept Bitcoin as payment in my area, not even any international brands and companies accept Bitcoin.

Don't get me wrong, I am not trying to be negative in this good news, I just hope that as the value and marketcap of Bitcoin is increasing, the adoption and acceptance of Bitcoin as a currency will also follow. So Bitcoin can fulfill it's original purposes.

[Assface16678]

This really shows how powerful bitcoin can be that it ranked among the leading fiat coins, and the top 6th is no joke; it proves that bitcoin has come a long way, and I'm sure that because of this news or stats, many more interested investors or just people who see bitcoin in the news or social media because of the hype will eventually do invest in it as of course they want to ride the trend and its popularity. So we never know when bitcoin investment will be too late, so for those who can take the risk, you can enter the market as a bull run may come anytime this year. I'm very thankful that I invested in and know this currency, as I now can earn more than I have from my salary, and bitcoin helps me grow even more in terms of knowledge and skill. So what are you waiting for? Take the risk before it's too late.

[Doan9269]

Nah, that's an incorrect statistic, he just want to make US is better than China and make Bitcoin looks bigger when the reality Bitcoin is definitely big, not that big yet.


https://fiatmarketcap.com/

Will these governments try to restrain the use of bitcoin or just try to accept it and join the development of cryptocurrencies? Will there come a time that Bitcoin is the Number 1 currency in the world?

Many governments already restrain people to use Bitcoin as currency, but they mostly allow people to invest in Bitcoin because they can tax it. Bitcoin become number 1 currency in the world is still long to go... but I'm sure it will happen.

source


Maybe you can check on this as well, is Bitcoin not worth the global standard rate, comparing with the other investment asset, it's on of the top rated, alot to discover in bitcoin, if it can covers $1.04 trillion of the total crypto asset of $1.9 trillion.

Bitcoin has come to stay, invest today and hodl.

This is good but I was thinking that bitcoin is the top of all the currencies in the world. And I have been saying that bitcoin has come and nobody can remove it from the space. The prediction of bitcoin is still near and far. It is near because the halving is near and after the halving we will enter the bull market and it is far because the real bull is from next year and everyone is waiting for the bull. And now that we have not reach the peak, it is the time to accumulate more in the portfolio and when the time comes then, you sell. Purchase now and hodle.

Additionally you can look on this from above.

[Volimack]

It seems quite unbelievable as we all know that bitcoin is the strongest currency and the top of all currencies bitcoin is becoming the 6th rate among the top global currencies due to its increasing usage day by day. The primary driver behind this price increase can be attributed to increased inflows into BTC spot ETFs. This is very good news for bitcoin. We believe that those who invest in bitcoin this year can earn well.

[Luzin]

Don't get me wrong, I am not trying to be negative in this good news, I just hope that as the value and marketcap of Bitcoin is increasing, the adoption and acceptance of Bitcoin as a currency will also follow. So Bitcoin can fulfill it's original purposes.

The system is decentralized and no one can control it. But right now I see the big whales are still strong enough to move the market. This means that big whale ownership can be a problem. Although I also believe that no one has been able to dominate Bitcoin ownership.  With the crypto industrialization system, it will be easier for Bitcoin to develop. The adoption of large companies, the approval of bitcoin ETFs is very good progress. This means that there is a very fast development in the cryptocurrency industry.

[Zigabel]

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.

Most likely after this 2024 halving Bitcoin will break another ATH both in market cap and it's prices aswell, between the last halving and now, Bitcoin has gained more adoption globally than it has before and it's still very promising to have some further adoption soon because more investors and gaining more confidence in the reliability in investing in Bitcoin and also transacting with it aswell as a global way of exchange with little or no hitches around it due to its decentralized nature. Personally I see the potential in Bitcoin as endless because bas it keeps Gaining more acceptability and adoption globally, it's gaining more potential to be much more robust than it's ever been at inception.

The value system of Bitcoin gets more and further expansion as it gains more recognition as the years goes by and this has aswell affected it's demand and supply curve which has brought about the increase in it's price and it's valuability generally.

[Alpha Marine]

I have a few questions.
How is it measured? Is it by market cap? If it's by market cap, how are the fiat currencies calculated? Because the market cap is the current price of the coin multiplied by the total circulating supply.
So now, what is the price of the dollar?
For example, we know that 1BTC = $51k. If we multiply $51k by the number of Bitcoins in circulation, we'll get Bitcoin's market cap.
Hench my question is, how is the price of a dollar calculated?
I know the circulating supply of a fiat currency may be known but how accurate is it?

Also, if this is ranked using market capitalization, how do we know if Bitcoin adoption is improving? For all we know the same people number of people that have been using Bitcoin may just be demanding more Bitcoin causing the price to increase.

I'd really appreciate it if someone could clear me on this.

[doomloop]

As time goes on the volatility of Bitcoin will increase to the extent that most of this currencies listed, will depend on Bitcoin to survive. in the sence that people will pull there money from there bank account, and invest in bitcoin and the liquidity will increase and also the adoption will also increase.  hence bitcoin will move from top 6 to 1 just a matter of time. Because it is the leading currency worldwide. More investors more rank, more people hold the more valuable it becomes so bitcoin has come to stay and nothing can stop it.

There are also people who says that the volatility of BTC will decrease the longer it runs. I think both of you are correct and there will only be a time for the both cases to occur, but I don't think that a regular currency will now depend on it and even other regular currencies don't depend too on the other.

The only scenario that I can think of that it will impact them is when a BTC users sell his BTC for fiat, same goes if they will buy it using their fiat. That would be great if people realizes the importance of BTC and they will now see fiats as a risky thing to hold, much more if it will be stored inside a bank. Pretty sure what you said of them pulling out all of it in the bank is going to happen. Despite of it, we still can't say if BTC can last for a very long time or forever. I'm only trying to be realistic here, so we must still be careful.

[Su-asa]

Good post, I didn't know Bitcoin is rated 6 among the global currencies if not this post. Bitcoin is rated the 6 because it's decentralized currency and no body have it (we only know the name of who invented it), no body can control it because its decentralized.
The fiat currencies can be manipulated by the government but Bitcoin can't be manipulated because no body can control. It's a decentralized currency. Anyone can use Bitcoin if he/she have Bitcoin knowledge, if you don't have Bitcoin knowledge you start learning about Bitcoin and its decentralized status. Reason to learn Bitcoin before you start investing are to prevent from fraud, learn how to send and how to receive.

[KingsDen]

It's probably still a matter of time before bitcoin can become number one in the world because more and more people are starting to use it. Even big funds are now buying it thanks to the approved spot bitcoin etf. But honestly, I can't even believe that bitcoin already ranks sixth among all the world's currencies. Just a short time ago, no one would have thought of that.

I am not expecting bitcoin to rank as number one in the global currency hierarchy. I just want it to exist, I am not interested in the ranking if it will bring more problems to bitcoin. I do not see the possibility of US allowing bitcoin to be ranked over dollar either by joke or officially. The men of high conspiracy cannot allow a decentralized coin rule the world. Even if the world is tilting towards decentralization, there are still powers of centralization which bitcoin cannot win and it is better it avoids the battle.

As for the ranking, I will have to say that bitcoin is too fast and the adoption also. But we are expecting more positivities iff the government allows bitcoin be.

[$weetne$$]

I have a few questions.
How is it measured? Is it by market cap? If it's by market cap, how are the fiat currencies calculated? Because the market cap is the current price of the coin multiplied by the total circulating supply.

It's measured by market cap because from the image they put all the currency in fiat value and the value that's paired with Bitcoin is the market cap of Bitcoin. Bitcoin is going to climb up when we get to the peak of the bull market and I'm happy because it'll make more people to know that Bitcoin is growing stronger that'll make them want to invest in Bitcoin. Fiats value of the dollars was measured by how many dollars is in circulation,, the fed have an account of how many dollars that they're printing. They might be printing non stop but they keep a record and this is how all fiats are getting their market cap. Bitcoin market cap doesn't equal to the adoption rate as many whales can invest into Bitcoin and increasing the market cap without adoption and we might be seeing more of that with Bitcoin ETFs.

[Reatim]

It seems quite unbelievable as we all know that bitcoin is the strongest currency and the top of all currencies bitcoin is becoming the 6th rate among the top global currencies due to its increasing usage day by day. The primary driver behind this price increase can be attributed to increased inflows into BTC spot ETFs. This is very good news for bitcoin. We believe that those who invest in bitcoin this year can earn well.

Its OK not to be the Strongest for the time being but at least being recognized as 6th is not as bad because we have just turned 13 years recently and now on 6th so what more in the next 13 years again?
and also knowing that we are being rated as such then its good that we are in somewhat a positive side now.

[davis196]

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.

[pinggoki]

Only a matter of time before bitcoin topples the other and brings them 1 place below bitcoin, I'm excited to see that happen and I do hope that we'll see that soon because there's no way it can never happen. Is this like the latest data though? Because if it's not then that means bitcoin is either don't have to take a lot of effort to move to 5th or 4th place. Man, hopefully this will ignite something inside a lot of bitcoin hodlers out there, you know, that there's future in bitcoin and that if they just stick with it, they'll eventually get to where they want to be in their bitcoin journey.

[Nrcewker]

Glad to see that you have shared this information here. But I don’t think Bitcoins will contest in that list for the top position. To be honest many people do not treat bitcoins as a coin also. For them it’s like a digital asset and they are happy with this. It will only compete with other coins if more people use it as a currency rather than keeping it idle. Hence, I am damn sure that Bitcoins might fall in ranks in this ranking. As a Bitcoin investor, it’s alright to see something like this.

[bayu7adi]

Feeling a bit skeptical about what's shared on Twitter by @Vivek4real_. I feel like it's just to boost confidence among Bitcoin holders or to grab the attention of those who don't own Bitcoin yet. Even at rank 15, this still keeps me optimistic about BTC's future, which still has a good chance to shine brighter. Sadly, I don't see my country's currency on this list, perhaps because my country isn't quite strong enough to compete with those with strong economies on the list.

For more reliable data, I trust @Plaguedeath, where Bitcoin's rank at 15 isn't too bad. Of course, its rank can fluctuate due to volatility, while USD and CNY can rise because they keep producing paper money, and I know that China & US is strongest today.

https://fiatmarketcap.com/

[The Cryptovator]

This is something that I learned for the first time. But it is good to see Bitcoin placed at number 6 on the capitalization list. It's hard to compete with a thousand years' worth of fiat, but Bitcoin did it. I will not be surprised if we see Bitcoin at the top. But whatever Bitcoin did in a short period of time, it's really amazing. A decentralised cryptocurrency without a guardian fighting with centralised fiat currency. That's a reason why centralised governments don't want to adapt Bitcoin directly. 

[Doan9269]

It seems quite unbelievable as we all know that bitcoin is the strongest currency and the top of all currencies bitcoin is becoming the 6th rate among the top global currencies due to its increasing usage day by day. The primary driver behind this price increase can be attributed to increased inflows into BTC spot ETFs. This is very good news for bitcoin. We believe that those who invest in bitcoin this year can earn well.

It may also have contributed although, but i don't think the major reason for that is bitcoin ETF approval, this increase has always been felt over time with massive adoption as the networks continue to grow wider and stronger, maybe we should also focuses more on the needs of the people in desiring for an alternative digital currency that can give them the freedom, control and profitability they want with bitcoin than digital or traditional fiat currency.

It’s remarkable how far Bitcoin has come in such a short amount of time. It will soon climb that list to be higher placed. I genuinely believe that there is a chance Bitcoin’s marketcap could over take the $ in 2025. If not, it’s only a matter of time until that’s the case.

yeah, that's possible for us to achieve with bitcoin in a matter of time, if we can get to this far, the sky cannot be the limit to the way bitcoin adoption, value and worth can go, now it commonly recognized among the top rated valued currencies, assets and the market cap we may experience after halving could be unpredictable because its going to be massive.

[GigaBit]

This is good news for Bitcoin lovers. Whenever Bitcoin advances in a competition, there is a kind of excitement among fellow Bitcoiners. I am also inspired by the information you have shared. We couldn't have imagined that Bitcoin could create such a position within a few years of Satoshi Nakamoto's discovery of Bitcoin in 2009. The interesting thing is that people's confidence in Bitcoin is increasing as the days passing. Bitcoin has made the highest perceived gain in a short period of time since its discovery.


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Gold is believed to have been used by humans thousands of years ago. It is believed to have been first used around 3,000 BC and is now widely known worldwide. Bitcoin's discovery period is very short compared to gold. In this short span of time Bitcoin has earned its  greatest place among people all over the world. Demand for Bitcoin has increased so much that people are now more comfortable holding Bitcoin than holding gold. In case of gold we know that it has no limited supply but Bitcoin has only 21 million supply. Moreover, with the change of era, the needs of people have also changed. Bitcoin will gain acceptance as a more valuable asset than any other asset in the long run. Your information is a reflection of that prediction.