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Bitcoin became the sixth currency in the world in terms of cash circulation

ICO-LINK-NEWS-Bitcoin-became-the-sixth-currency-in-the-world-in-terms-of-cash-circulation

As expected, Bitcoin quickly played his position and even set a new high at $ 11,845. This was promoted as official news that the US regulator allowed the exchanges to sell futures and options for Bitcoin, as well as rumors that NASDAQ is also going to launch Bitcoin futures next year. Later this rumor was disproved, but managed to manifest its influence. Now Bitcoin continues to bargain at the borders of the new border of 12 000 dollars, and most likely with the beginning of the week it will pass this level. At least there are no weighty reasons that could prevent this. Capitalization of Bitcoin closely approached the mark of 200 billion dollars, and the total capitalization of Cryptocurrencies exceeded $ 350 billion.

According to the report of the Bank for International Settlements, Bitcoin became the sixth currency in the world in terms of cash circulation, which is ahead of only five currencies: the Dollar, Euro, Yuan, Yen and Rupee. Bitcoin beat the Pound, Ruble and won in the rating.

At a price of $ 15,000, Bitcoin will overtake the Indian rupee. The other four currencies are the Yen, the Yuan, the Euro and the Dollar, while significantly outperforming Bitcoin in terms of cash circulation. 

For example, for the Dollar this figure is 1.4 trillion. Other cryptocurrencies are not far behind, and for example, Ethereum is ranked 17th in the rating, 

Bitcoin Cash is 20th, Ripple fell outside the top 20, but still outstrips Swedish Krone and Rand of South Africa.On the one hand, it is extremely strange to compare initially "non-cash" Bitcoin with cash, excluding the entire non-cash money supply of traditional currencies. On the other hand, it is interesting that cryptocurrencies were included in this calculation.The partner of the venture company Union Square Ventures Albert Wenger said in an interview with CNBC, that the market capitalization of Cryptocurrency would reach trillions of dollars.

Wenger believes that the current $ 350 billion of the total capitalization of the Cryptocurrency is the beginning of a big path. Comparing the charts of quotations of the Cryptocurrency and the stock price of Amazon, he noticed that at the very beginning the giant of online retail had a rise and a serious fall. However, they both look like a "generally upward-directed curve." 

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