Comment by nohuck13 | Hacker News Reader

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Comment by nohuck13 | Hacker News Reader

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> "ATM, 1 bitcoin is worth ~350 times more than one Federal Reserve Note, making Bitcoin the most valuable currency in the world.

The value of the M1 money supply (all the cash) of USD is $2.5 trillion. The value of the BTC money supply in USD is $[handful] billion. Calling BTC more valuable because it happens to be denominated in a large chunk is missing the point.

And as more dollars come into existence, they'll continue to be worth less in comparison to Bitcoin's fixed supply.

Also, the accumulated transactional value of Bitcoin is increasing. All of the fees and other costs associated with moving money are being lost by banks and other agencies.

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