Bitcoin has surpassed hryvnia in market capitalization

Bitcoin has surpassed hryvnia in market capitalization

Due to the rise in price bitcoin has outrun the Ukrainian national currency in market capitalization.

This is evidenced by the graph compiled by bitcoin enthusiast and developer Andrey Sobol on his Facebook page.

 

Thus, some days BTC capitalization reached $ 11.4 billion, which is 0.2 billion more than the hryvnia capitalization.

Биткоин обошёл гривну по капитализации (1)

The second graph presented by the author shows the reduction of the six-fold gap (as of 2013) between the bitcoin and the Ukrainian currency.

Биткоин обошёл гривну по капитализации (2)

While the hryvnia curve has been sliding down or collapsing most of the times like in late 2014 and early 2015, the bitcoin, on the contrary, has strengthened and in October 2016 reached a rate of 1 BTC = 700 USD.

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