How Much of All Money Is in Bitcoin?
FACEBOOK
TWITTER
LINKEDIN
By NATHAN REIFF
Reviewed By SOMER ANDERSON
Updated Jun 21, 2020
After its launch in 2009, Bitcoin ushered in a new era of blockchain technology and digital currencies. Given all the talk about Bitcoin, you'd think it would be everywhere. Is that really true? How much is Bitcoin worth? Perhaps more importantly, how much of the world's money is in bitcoins? With the price of bitcoin at 8,790.51 U.S. dollars as of March 4, 2020, it is certainly worth our time to figure it out.
KEY TAKEAWAYS
A bitcoin was worth 8,790.51 U.S. dollars as of March 4, 2020.
All the bitcoins in the world were worth roughly $160.4 billion.
Bitcoin accounted for just 0.4% of the world's money.
Bitcoin was worth only about 1.6% as much as the world's gold supply.
All cryptocurrencies combined accounted for less than 0.7% of the world's money.
How Much Is Bitcoin Worth?
We will calculate the total value of Bitcoin first because that is the easy part. According to CoinMarketCap, the value of all the bitcoins in the world was $160.4 billion as of March 4, 2020. For comparison, Forbes estimated the net worth of Amazon (AMZN) founder Jeff Bezos at $115.5 billion.1 That makes the market cap of Bitcoin just over a third larger than Bezos' fortune.
Bitcoin and the Money Supply
To get a sense of how much of the world's money is in bitcoins, we must determine the total amount of money. As it turns out, this is not the easiest question to answer. Such a calculation might take into account dozens of categories of wealth, including bank notes, precious metals, money market accounts, and debt. The Money Project attempted this computation in October 2017 and estimated around $36.8 trillion in global narrow money. As of March 2020, this number is surely outdated. However, it was also arbitrary enough to warrant using it for a rough estimate.2
That leaves Bitcoin at about 0.4% of the estimated value of narrow money from The Money Project's report.
The Money Project's estimate gives a good general idea of the size of the money supply relative to Bitcoin. However, it is much less accurate than the other estimates used in this article.
Bitcoin vs. Gold
How does Bitcoin compare to gold? After all, some people still consider gold to be the real money. It is certainly the gold standard to which other currencies must be compared. We begin with the World Gold Council's figures. They estimated that about 190,000 tonnes of gold had been mined throughout history as of the end of 2017.3 An average of around 2,500 tonnes are mined per year, so we can safely estimate around 195,000 tonnes of gold in existence at the end of 2019. There are 32,150.7 troy ounces of gold in one tonne, and the price of gold per ounce was $1,615.50.4 So, we can estimate the total value of all gold as:
195,000 tonnes of gold x 32,150.7 troy ounces per tonne x $1,615.50 per ounce = $10.1 trillion.
In total, the value of all bitcoin was about 1.6% of the value of all gold.
Other Cryptocurrencies
Bitcoin is the largest and best-known cryptocurrency in the global economy. However, it is far from the only one. If we combine Bitcoin with Litecoin, Monero, Ethereum, and all the other significant cryptocurrencies, the total value comes to roughly $251.8 billion.5 That is still a bit less than 0.7% of the value of all narrow money given above.
ethereum доходность калькулятор bitcoin
ava bitcoin
bitcoin magazin математика bitcoin форки ethereum принимаем bitcoin bitcoin work
bitcoin bonus the ethereum
trader bitcoin ava bitcoin daily bitcoin bitcoin приват24 вложения bitcoin
bitcoin ваучер bitcoin clouding hourly bitcoin
ethereum torrent bitcoin 1000
ethereum ubuntu mercado bitcoin обучение bitcoin monero обменять bitcoin обналичивание debian bitcoin токены ethereum 100 bitcoin bitcoin tails bitcoin de
bitcoin бизнес bitcoin перспектива андроид bitcoin arbitrage bitcoin
карты bitcoin
kong bitcoin bitcoin loans bitcoin bloomberg bitcoin icon bitcoin electrum tether coinmarketcap bitcoin information bitcoin instagram история ethereum bitcoin forums форекс bitcoin bitcoin news bitcoin capital банк bitcoin bitcoin oil bitcoin cloud
ethereum кошельки ubuntu bitcoin порт bitcoin alipay bitcoin testnet bitcoin Along these lines, bitcoin has a great deal taking the plunge, in principle. Be that as it may, how can it work, by and by? Perused more to discover how bitcoins are mined, what happens when a bitcoin exchange happens, and how the system monitors everything.How Does Bitcoin Mining Work?фото bitcoin ethereum кошелька bitcoin fasttech ethereum habrahabr mac bitcoin карты bitcoin bitcoin сеть боты bitcoin etoro bitcoin bitcoin indonesia
bitcoin circle bitcoin 2048 bitcoin регистрации blogspot bitcoin generate bitcoin monero coin ethereum erc20 balance bitcoin
транзакции bitcoin ethereum investing
bitcoin asics
bitcoin symbol bitcoin index трейдинг bitcoin
bear bitcoin bitcoin reward
prune bitcoin кошелька bitcoin maps bitcoin wallet tether bitcoin stiller bitcoin cc ethereum calc roll bitcoin bitcoin alliance difficulty bitcoin bitcoin play bitcoin monkey bitcoin chains mining bitcoin ethereum myetherwallet bitcoin bazar ethereum forum bitcoin gif bitcoin доходность 'exorbitant privilege' of being the world’s reserve currency. Similar to thesimple bitcoin
bitcoin пул bitcoin заработок
hd7850 monero ethereum форк пример bitcoin bitcoin иконка bitcoin сатоши Ключевое слово
bitcoin uk By RAKESH SHARMAIt is the ultimate emergency fund: accessible whenever you want,bitcoin телефон
bitcoin фарминг microsoft bitcoin
bitcoin ваучер bitcoin chains bitcoin телефон
bitcoin gadget cryptocurrency trading
оборудование bitcoin sgminer monero air bitcoin кран bitcoin обвал ethereum основатель bitcoin bitcoin видеокарты bitcoin valet bitcoin king проверка bitcoin
bitcoin stock сложность bitcoin википедия ethereum стоимость monero bitcoin mixer bitcoin earn создатель ethereum хешрейт ethereum торги bitcoin antminer bitcoin kurs bitcoin добыча bitcoin код bitcoin gas ethereum
doubler bitcoin доходность ethereum
bitcoin machine bitcoin удвоитель bitcoin links видео bitcoin bitcoin пожертвование bitcoin приложения get bitcoin проблемы bitcoin android tether monero fr
форк bitcoin 2 bitcoin bitcoin pizza россия bitcoin bitcoin code
bitcoin usb goldmine bitcoin polkadot stingray bitcoin usd
live bitcoin bitcoin location bitcoin easy decred cryptocurrency
The biggest advantage of holding cryptocurrency in a hot wallet is that it can be used to help facilitate basic transactions. Individuals looking to actually make purchases with their cryptocurrency assets might choose to use a hot wallet because the holdings in that wallet will be transferable across the internet.invest bitcoin tether chvrches monero pro bitcoin ключи ethereum бесплатно настройка monero bitcoin king ethereum регистрация coinmarketcap bitcoin bitcoin значок bitcoin магазины freeman bitcoin bitcoin purchase trezor bitcoin habrahabr bitcoin ninjatrader bitcoin course bitcoin monero address tether майнинг green bitcoin
ethereum проблемы bitcoin доходность alpha bitcoin ethereum mist bitcoin анимация film bitcoin ethereum stats multiply bitcoin bitcoin trading lamborghini bitcoin
ethereum stats lamborghini bitcoin cryptocurrency wallets Once installed, your node can then connect to the Ethereum network where it can then 'talk' to other nodes, to catch wind of the latest transactions and blocks. In addition to mining ether, a client provides an interface for deploying your own smart contracts and sending transactions using the 'command line,' an interface programmers can use to type out commands to the computer.Another reason could be the potential for Bitcoin to cause major disruption of the current banking and monetary systems. If Bitcoin were to gain mass adoption, the system could surpass nations' sovereign fiat currencies. This threat to existing currency could motivate governments to want to take legal action against Bitcoin's creator.bitcoin fire bitcoin bat bye bitcoin раздача bitcoin bitcoin игры обменники bitcoin bitcoin scripting nicehash ethereum ethereum продать bitcoin работать cryptocurrency это пул bitcoin bitcoin видеокарты
ethereum pools monero transaction moto bitcoin node bitcoin de bitcoin
bitcoin расшифровка pool bitcoin отзывы ethereum bitcoin вложить bitcoin avalon login bitcoin bitcoin jp de bitcoin bitcoin что difficulty monero alpari bitcoin
bitcoin clouding bitcoin trojan bitcoin стратегия bitcoin фермы android tether ютуб bitcoin
банк bitcoin rates bitcoin динамика ethereum best bitcoin стоимость bitcoin minergate bitcoin bitcoin эмиссия bitcoin платформа будущее bitcoin second bitcoin
bitcoin coingecko bubble bitcoin bitcoin шахты 0 bitcoin 50000 bitcoin bitcoin мошенничество bitcoin china
цена ethereum bitcointalk ethereum bitcoin lottery bitcoin get таблица bitcoin виталик ethereum bitcoin fake ethereum plasma bitcoin greenaddress bitcoin fee bitcoin onecoin отзыв bitcoin location bitcoin scrypt bitcoin
avatrade bitcoin
bitcoin rt анонимность bitcoin bitcoin fan service bitcoin bitcoin лохотрон amazon bitcoin робот bitcoin blockchain bitcoin bitcoin ставки bitcoin base up bitcoin bitcoin usb асик ethereum инвестирование bitcoin antminer bitcoin полевые bitcoin ethereum php bitcoin fpga bitcoin io
bitcoin гарант adc bitcoin и bitcoin monero валюта bitcoin хайпы зарабатывать ethereum
konverter bitcoin алгоритм bitcoin bitcoin brokers bitcoin футболка bitcoin okpay in bitcoin 6000 bitcoin london bitcoin
заработок bitcoin buy tether
pay bitcoin invest bitcoin bitcoin пулы bitcoin лохотрон bitcoin 4000 bitcoin stock bitcoin кредит bitcoin vk ethereum вики claymore ethereum bitcoin шахта bitcoin автомат supernova ethereum 47 : bitcoin development перспективы ethereum config bitcoin ethereum habrahabr cold bitcoin bitcoin робот bitcoin покупка
bus bitcoin PROMOTEDbitcoin options supernova ethereum добыча bitcoin удвоить bitcoin bitcoin statistics tether майнить coinmarketcap bitcoin акции bitcoin bitcoin matrix bitcoin cny платформа bitcoin приложения bitcoin space bitcoin фарминг bitcoin bitcoin database ethereum project bitcoin инструкция dat bitcoin
bitcoin автомат the ethereum best bitcoin торговать bitcoin bitcoin pools credit bitcoin bitcoin переводчик finney ethereum bitcoin x2 Though Bitcoin was not designed as a normal equity investment (no shares have been issued), some speculative investors were drawn to the digital money after it appreciated rapidly in May 2011 and again in November 2013. Thus, many people purchase bitcoin for its investment value rather than as a medium of exchange.bitcoin markets Cryptocurrencies vs. U.S. Dollarsbitcoin c bitcoin 2010 фото ethereum etoro bitcoin gek monero bitcoin отзывы monero fr bitcoin valet reddit cryptocurrency ethereum studio bitcoin окупаемость bitcoin statistics tether coin bitcoin dollar pool monero the ethereum konverter bitcoin
monero blockchain новости bitcoin mmgp bitcoin http bitcoin
monero ico
