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Inflation games: Bitcoin competes with fiat on value but lacks volume
being regarded as “solid currency” is a common refrain among many proponents of the popular cryptocurrency. With a finite supply of 21 million and a guaranteed network of over 120 exahashs per second of computing power, consensus among industry commentators has often pushed itself to become a global monetary superpower.
Just a decade after its existence, Bitcoin’s inferred value is already the 11th largest global monetary base. In early November, Bitcoin has gotten bigger than the Russian ruble for the first time in history.
Read on on Coin Telegraph
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