Bitcoin Holds 1.3% of Global Currency
Breathe deeply: With a market valuation that is close to 1.7 trillion dollars, Bitcoin currently accounts for 1.3% of global currency. Yes, you read correctly. Despite being born in 2009, a small bit of code has risen to the same level as major commodities like gold (20.2 trillion dollars) and the US dollar (20.9 trillion dollars). Satoshi arranged his serviette nicely, but we’re still a long way from turning the tables.
In just five years, the value of Bitcoin has increased sixfold!
The weight of fiat money remains at 108.2 trillion dollars (83.2%) in comparison to Bitcoin. A huge tide that is difficult to break. However, with its 1.3%, Bitcoin is that tiny, shrewd stream that begins to shift the boats. A figure that could continue to rise, especially at this moment when the American government is ready to stockpile BTC en masse.
Just five years ago, Bitcoin barely weighed 0.2% of global money. You could say it didn’t make much of an impact. And today? It’s starting to carve out a place at the table of the big players, quietly, with its well-tailored digital suit.
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