INSANE: If Bitcoin Applies CY 2020 Growth Rate to 2021, Surpasses USD Circulation in 2021
Posted on 01/11/2021
SCENARIO: U.S. Dollar Circulation vs. Bitcoin Market Cap – If Growth Rate for Bitcoin was Same as 2020
NOTE: Assuming Bitcoin Growth Rate of 2020. Source: Federal Reserve – St. Louis. Bitcoin data is sourced from coinmarketcap.com.
On January 9, 2021, the market capitalization of bitcoin was $713,304,617,761 versus $132,378,982,377 on January 1, 2020. In December 2020, 2,070,575,000,000 was the amount of U.S. dollars in circulation. Has bitcoin reached a peak in 2020? Will growth be the same, halved, or negative?
A hallmark of a currency is price stability versus volatility. The price of bitcoin remains speculative vs. many Western fiat currencies and even gold. If 2021 records a similar growth rate for bitcoin in 2020, bitcoin be greater than all U.S. dollars in circulation. SWFI determined that be analyzing correlation patterns that Bitcoin does very well when fiat currencies “print”, interest rates go low, and if the stock market exhibits positive growth.