Bitcoin competes with fiat on value but lacks volume

Bitcoin being regarded as “sound money” is a common refrain among many proponents of the popular cryptocurrency. With a finite supply of 21 million and a network secured by over 120 exahashes per second of computing power, the consensus among industry commentators has often leaned toward it becoming a global monetary superpower.

Barely a decade into its existence, Bitcoin’s inferred value is already the 11th-largest global monetary base. Earlier in November, Bitcoin became larger than…


Source link

About bitcoin

Check Also

Why Bitcoin price just hit $19,000 for the first time in 3 years

The price of Bitcoin (BTC) hit $19,000 on Nov. 24 for the first time since …

Leave a Reply

Your email address will not be published. Required fields are marked *