Bitcoin surpasses Swiss Franc

Bitcoin is soon to enter the TOP 10 global currencies now that it’s valued at over 1 trillion dollars again.

Bitcoin > France Switzerland

The website FiatMarketCap.com envisions a future where bitcoin is the universal store of value. A world where placing savings into a true store of value (Art, premium real estate) isn’t reserved for those who are already wealthy.

Bitcoin is currently ranked 13th in the world, just ahead of the Swiss Franc and the Russian Ruble. It’s also worth noting that it has surpassed silver (metal) in value. It accounts for approximately 1/10 of all the gold in the world.

🗞 La capitalisation boursière du #Bitcoin est désormais supérieure à celle du franc suisse.🇨🇭(FiatMarketCap) pic.twitter.com/WgTzki0qBB

— Infositons (@infositons) March 4, 2024

The ranking on FiatMarketCap is based on the monetary aggregates of different currencies. In technical terms, these are called monetary aggregates. They generally range from M0 (narrowest) to M3 (broadest). The monetary aggregate highlighted on FiatMarketCap is M3.

The only exception is the United States, as the Federal Reserve no longer communicates the M3 money supply… Therefore, the site uses the M2 aggregate instead. As a result, the Chinese Yuan tops the rankings, whereas it should be the dollar.

By the way, here is what the different aggregates stand for, from most to least liquid:

-M1: Currency in circulation (notes and coins) + demand deposits.

-M2: M1 + deposits with a maturity of two years or less.

-M3: M2 + shares in investment funds + debt securities with a maturity of two years or less.

The 116 currencies displayed have a maximum money supply set to “unlimited.” Except for bitcoin, which is of course capped at 21 million units.

The US M2 money supply increases by an average of 7% per year. In other words, it doubles every eight years. The purchasing power of the dollar has dropped by 98% over the past hundred years…

This is how the fiat system is essentially a Ponzi scheme by design. Currency is created from debts which must mathematically increase to allow for the payment of interest.

The problem is that without a parallel increase in production (physical growth limits), wages end up not keeping pace with inflation.

Here we are… It’s time to protect your savings with an anti-inflationary currency. Don’t miss our article: Can Bitcoin Replace Fiat Money? Spoiler, no..