Thursday, June 20, 2019

Bitcoin market cap now at $172 billion

Goldman Sachs balance sheet is $900 billion for comparison. The daily equity volume in US dollars is about 200 billion.

Bitcoin is still a minor player. As a Forex tool is is swamped by the regular market in terms of velocity, money per day, and swamped by the amount of dollars held in currency. of 20 trillion.

However, bitcoin is likely the most accurate forex player, if I had to choose relative currency value, I would measure them against the bitcoin metric.

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