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by vinceguidry
3106 days ago
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Money supplies are constantly inflating, every financial instrument can be looked at as a form of money, and quite a few of them are actually considered to be money, such as treasuries and traveler's cheques. According to Wikipedia, the broadest measure of money supply currently in use was 10.5 trillion, in 2013. That cryptocurrencies are not currently considered to be money by the world economic order, it goes into a much broader range of financial assets like stocks and bonds. The S&P 500 market size reached 19.6 trillion USD in 2016 Bitcoin has a lot of room to grow before it even comes close to playing in that league. Everybody on HN should be buying crypto right now, the upside is that huge. |
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