Cryptocurrencies Surpass the Value of All Physical US Dollars in Circulation

According to The Wall Street Journal, cryptocurrencies reached a value of $ 2 trillion on April 29. This is approximately the same valuation as all US dollars in circulation. However, it has since risen to as high as $ 2.4 trillion as of May 7th, according to Coindesk, an information service, surpassing all physical U.S. dollars (the world reserve currency) in circulation on May 8, 2021.

• Bitcoin had a market capitalization of $1072.21 billion as of February 21st, 2021.
• The global blockchain market will go up to $23.3 billion by 2023.
• The highest number of global daily bitcoin transactions in Q1 of 2021 is 367,536.
• Between 2012 and 2020, Bitcoin has gained 193,639.36%
• The market size for cryptocurrency will get to $1087.7 million by 2026.
• The user index for 2021 shows a 97% confidence in cryptocurrencies.
• Turkey is the country with the highest rate of cryptocurrency adoption (20%).