Bitcoin has become the sixth most circulated currency in the world. It ranks behind five super powers, and outranking the Pound, the Ruble, and the Won, according to the Bank for International Settlements (BIS)
The figure is based on a value of Bitcoin at $10,765 each, meaning that the total value of all Bitcoins in circulation is $180 billion.
However, its the time to worry for the India’s whose who in finance and wconomics as its likely to surpass the India’s official currency Rupee, very soon.
While 180 billion number is substantial, if Bitcoin reach the levels of upto $15,000, it will overtake the next highest circulating currency, Indian Rupee. The other four currencies outranking Bitcoin are the Yen, Yuan, Euro, and Dollar, all of which have dramatically greater levels of currency in circulation.
Now it is interesting to observe how the indian government is serious about deciding the currency legality