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Indeed, Bitcoin is still relatively small. Its money supply (aka "market cap") isn't even 2.5% of the USD M1 money supply. Not to count all other fiat currencie
by olalonde 4y ago
Indeed, Bitcoin is still relatively small. Its money supply (aka "market cap") isn't even 2.5% of the USD M1 money supply. Not to count all other fiat currencies.
- zhdc1 4y agoThat it's even grown to be even that large is surprising.
- olalonde 4y agoHonestly, when I first heard of it in ~2011 I never expected it to grow as much as it did. I thought it would probably remain a small experiment confined to nerds and hackers. When it first started hitting mainstream news a few years later I was quite amazed. And while I'm here amazed at how far it got, critics are dismissing it because it hasn't replaced USD yet...