Bitcoin (BTC) can be used as a medium of exchange (MoE), a store of value (SoV), and also as a unit of accounting (UoA), considering the three main use cases for money. For the latter, it is possible to price many different things in BTC, which includes the cost of an iPhone 15, or the market capitalization of fiat currencies worldwide.
Interestingly, cryptocurrency service providers are already used to price other assets with Bitcoin as their unit of accounting.
In this context, CoinMarketCap is comparing Bitcoin’s market value by pricing some major fiat currencies’ market cap in BTC. For that, the crypto platform multiplies the current price of a given fiat with the available circulating supply of this currency, usually reported by its respective central bank.
Notably, the top 20 fiat currencies have a market cap superior to Bitcoin’s current circulating supply of 19.51 million BTC, with the Vietnamese Dong (VND) being the closest one to Bitcoin, with a market cap of 20,875,201
We współpracy z: https://finbold.com/chinas-yuan-has-a-market-cap-of-1-4-billion-btc-what-about-usd/
