$18K Bitcoin price, eh? BTC market cap may pass Canada’s monetary base

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 Voices

The above chart may seem complicated at first glance, but it simply compares gold, silver, Bitcoin, and the remaining global monetary bases. We can see that…


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