$18K Bitcoin price, eh? BTC market cap may pass Canada’s monetary base
Bitcoin’s market cap is rapidly surpassing the monetary base of multiple national currencies and it looks like the Canadian dollar is next. As Bitcoin (BTC) blasted through the $14,000 level its market capitalization surpassed the monetary base of the Russian ruble. This measure includes both physical currency and bank reserves, both of which are usually held by a country’s central banks.Bitcoin market price inferred to match top global monetary bases. Source: Crypto VoicesThe above chart may seem complicated at first glance, but it simply compares gold, silver, Bitcoin, and the remaining....
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