Bitcoin (And 5 Other Cryptocurrencies) vs Value Of Banknotes & Coins In Circulation

Top 10 Currencies By Total Value Of Notes & Coins In Circulation

Top 10 Currencies By Total Value Of Notes & Coins In Circulation

At the time Bitcoin was worth more than all banknotes and coins of every currency in the world except the US Dollar, Euro, Chinese Yuan, Japanese Yen, and Indian Rupee.

However, since Bitcoin’s price increase above $15,000, it now has a market cap of around $260 billion, or around $10 billion more than the estimated value of all Rupee notes and coins in circulation.

Making it the world’s 5th most valuable currency.

Here are a few other things that have changed since our original report:

  • Ethereum remains the 17th most valuable currency, ahead of the Turkish Lira and Singapore Dollar
  • Bitcoin Cash (20th most valuable) and IOTA (21st most valuable) are worth more than all Swedish Krona banknotes and coins.
  • Ripple (23rd) and Litecoin (24th) are worth more than all South African Rand banknotes and coins.
  • Currently 71% of the world’s population live in countries with currencies in circulation worth less than the value of Bitcoin.
Market Cap of Top 6 Cryptocurrencies

Market Cap of Top 6 Cryptocurrencies

Full Data:

RANKCURRENCY NAMEVALUE OF BANKNOTES AND COINS IN CIRCULATION (BILLION USD)
1US Dollar$1,424
2Euro$1,210
3Chinese Yuan$1,000
4Japanese Yen$856
5Bitcoin$260
6Indian Rupee$250
7Russian Ruble$117
8Pound Sterling$103
9Swiss Franc$76
10South Korean Won$74
11Mexican Peso$72
12Canadian Dollar$59
13Brazilian Real$58
14Australian Dollar$55
15Saudi Riyal$53
16Hong Kong Dollar$48
17Ethereum$43
18Turkish Lira$36
19Singapore Dollar$27
20Bitcoin Cash$22
21IOTA
$11
22Swedish Krona$9
23Ripple$9
24Litecoin$8
25South African Rand$6

Notes about the data: The data for current cryptocurrency prices and total market cap come from Coinmarketcap.com.

The data for the value of various currencies in circulation comes from the Bank for International Settlements’ Statistics on payment, clearing and settlement systems in the CPMI countries report, published in September 2016. The data is from 2015, so may no longer be 100% correct today. The value for China is an estimate only, and comes from Wikipedia.

It should also be noted that the value of banknotes and coins in circulation is only a small fraction of the total value of a currency. Depending on the country this can the same as the M0 Money Supply.

Source: https://smallbusinessprices.co.uk/bitcoin-top-5/

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