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 As of March 2020, this number is surely outdated.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.
monero pool
bitcoin talk
token bitcoin
The monthly chart is looking solid, with positive MACD, and a higher current price than any monthly close in history. Only on an intra-month basis, within December 2017, has it been higher than it is now.bitcoin авито From sourcing raw materials delivering the finished product, blockchain can increase transparency and trust at every stage of the industrial value chain. Pain points it could help address include:monero logo
бесплатно bitcoin market bitcoin kinolix bitcoin tether кошелек ethereum создатель bitcoin antminer bitcoin hd бесплатный bitcoin dance bitcoin ethereum pools ethereum проекты all cryptocurrency пример bitcoin
bitcoin store кости bitcoin In the beginning, anyone with a decent computer could mine some coins. Now that many bitcoins have been mined and the market for mining coins has become very competitive, most people acquire coins simply by buying them from existing owners on exchanges and other platforms, while mining new coins is a specialized operation.bitcoin сервисы bitcoin vector bitcoin save
exchange bitcoin konvertor bitcoin space bitcoin genesis bitcoin ethereum калькулятор bitcoin алгоритм r bitcoin bitcoin конвертер bitcoin проблемы bitcoin demo tether coinmarketcap At the start of the cryptocurrency boom in 2017, Bitcoin’s market value accounted for close to 87% of the total cryptocurrency market.The amount of time it takes to confirm a transaction varies, ranging anywhere from a few minutes to a couple days, based on traffic on the blockchain and the size of your transaction. Larger transactions with higher fees tend to get validated by miners quicker than smaller ones. That said, once it is confirmed, it is immutably recorded forever.bitcoin конвертер reklama bitcoin cranes bitcoin space bitcoin tera bitcoin купить ethereum ethereum контракты bitcoin официальный tether tools bitcoin trading bitcoin alliance amazon bitcoin bitcoin book отзывы ethereum
bitcoin fees casascius bitcoin habrahabr bitcoin bitcoin покер bitcoin multisig bitcoin accepted
datadir bitcoin bitcoin count bitcoin падает bitcoin novosti
100 bitcoin bitcoin sha256 bistler bitcoin bitcoin github bitcoin rus accept bitcoin bitcoin взлом bitcoin easy ethereum упал bitcoin зарегистрировать monero usd bitcoin qiwi bitcoin майнер торрент bitcoin bitcoin github оплатить bitcoin secp256k1 bitcoin bitcoin magazine cryptocurrency trading
bitcoin friday bitcoin dark 1000 bitcoin alipay bitcoin decred cryptocurrency
bitcoin 999 bitcoin заработка bitcoin fees casper ethereum часы bitcoin bitcoin status вики bitcoin bitcoin safe эмиссия bitcoin wikileaks bitcoin bitcoin переводчик bitcoin alliance
bitcoin dat There are small fees to use bitcoins, which are paid to three groups of bitcoin services: bitcoin адреса сложность monero bitcoin kz tether майнинг blogspot bitcoin monero fr bitcoin лотерея зарабатывать bitcoin ethereum транзакции заработка bitcoin bitcoin оплата bitcoin aliexpress андроид bitcoin bitcoin футболка monero обменник birds bitcoin forbes bitcoin bitcoin income тинькофф bitcoin bitcoin cny calculator bitcoin Adoption of the SegWit upgrade is slowly spreading throughout the network, increasing transaction capacity and lowering fees.instant bitcoin gambling bitcoin Ether can be traded using Contracts for Difference (CFDs). The benefits of trading Ether CFDs over purchasing the underlying asset outright, is that you can gain leveraged exposure to the currency without being responsible for managing the underlying asset. Trades can be rapidly executed without needing to bring the underlying asset to an open market and send it to another crypto wallet. In addition, CFDs offer the option of going long or short on this popular crypto currency. While there are benefits to trading Ether CFDs, cryptocurrencies are extremely volatile and come with their own risks.CoinKite is a new startup that offers a bitcoin payment terminal looking exactly like the over-the-counter chip-and-PIN terminals we are so used to using in stores today. This handset reads a bitcoin-based debit card, also offered by CoinKite. The handsets can also serve as a bitcoin and litecoin ATM, as well as offer the option to print QR codes for customers to scan with their smartphone apps.plasma ethereum
ethereum майнить ethereum farm system bitcoin bitcoin hardware ethereum supernova bitcoin alliance bitcoin ocean bitcoin motherboard bitcoin суть краны monero вклады bitcoin bitcoin escrow bitcoin knots bitcoin деньги bitcoin wallpaper bitcoin россия ethereum wallet exchange ethereum ethereum classic bitcoin коллектор bitcoin блокчейн пул ethereum
и bitcoin bitcoin баланс usa bitcoin
ethereum клиент rush bitcoin bitcoin бумажник заработка bitcoin bitcoin betting ethereum видеокарты bitcoin фермы
spin bitcoin bitcoin p2p bitcoin center 3d bitcoin rus bitcoin
ethereum биткоин cryptocurrency index bitcoin пополнение ethereum обмен bank cryptocurrency
arbitrage bitcoin bitcoin coindesk виталик ethereum testnet bitcoin bitcoin купить bitcoin продам bitcoin armory bitcoin png продам ethereum bitcoin обмена bitcoin курс monero кран bitcoin обналичить bitcoin vip bitcoin 1000 mixer bitcoin golden bitcoin bitcoin fun обмен tether bitcoin mmgp usb tether ethereum android delphi bitcoin service bitcoin bitcoinwisdom ethereum bitcoin ocean bitcoin brokers
short bitcoin 10000 bitcoin транзакции ethereum разработчик bitcoin bitcoin анализ bitcoin mt4 Wallets and similar software technically handle all bitcoins as equivalent, establishing the basic level of fungibility. Researchers have pointed out that the history of each bitcoin is registered and publicly available in the blockchain ledger, and that some users may refuse to accept bitcoins coming from controversial transactions, which would harm bitcoin's fungibility. For example, in 2012, Mt. Gox froze accounts of users who deposited bitcoins that were known to have just been stolen.продам ethereum bitcoin play скачать bitcoin bitcoin cudaminer bitcoin blockstream bitcoin cap plasma ethereum
bitcoin криптовалюта bitcoin telegram hub bitcoin робот bitcoin bitcoin tor
Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues.графики bitcoin takara bitcoin bitcoin инструкция surf bitcoin ethereum supernova книга bitcoin wallpaper bitcoin проблемы bitcoin
antminer bitcoin enterprise ethereum bitcoin кошелька vpn bitcoin Finally, remember - use only the most trustworthy exchanges when purchasing or selling Bitcoin!bitcoin compromised bitcoin online wired tether
monero hardfork cold bitcoin half bitcoin спекуляция bitcoin курсы bitcoin bitcoin china ethereum биткоин cryptocurrency faucet bitcoin мониторинг monero faucet bitcoin official pos bitcoin byzantium ethereum ethereum адрес bitcoin png андроид bitcoin monero hashrate bitcoin вики cryptocurrency tether chvrches monero bitcoin click лучшие bitcoin ethereum icon How do developers create decentralized apps?валюта monero
2016 bitcoin security bitcoin bitcoin banking bitcoin компьютер
blacktrail bitcoin bitcoin exchanges bitcoin путин rotator bitcoin bitcoin аккаунт bitcoin de india bitcoin qr bitcoin bitcoin kran bitcoin trading bitcoin synchronization monero краны ethereum client bitcoin раздача arbitrage cryptocurrency bitcoin satoshi bitcoin обменник bitcoin mastercard bitcoin bear
bitcoin ферма терминалы bitcoin bitcoin qt tether 2 pull bitcoin mining bitcoin ethereum регистрация bitcoin сегодня love bitcoin matteo monero bitcoin книга sberbank bitcoin explorer ethereum bitcoin bank bitcoin banking bitcoin index monero transaction bitcoin установка bitcoin flapper bitcoin explorer group bitcoin bitcoin кранов 0 bitcoin
ethereum майнеры ethereum картинки пример bitcoin goldmine bitcoin bitcoin wm goldmine bitcoin planet bitcoin cryptocurrency logo escrow bitcoin 600 bitcoin bitcoin 4000 проект ethereum simplewallet monero coins bitcoin cryptocurrency wallet bitcoin virus bitcoin golden карты bitcoin bitcoin mac ethereum ann ethereum заработок
donate bitcoin кран bitcoin
Using an offline device, generate one address/private key pair for each cold storage address you plan to use. Several tools are available, one of the most popular of which can be found at bitaddress.org.lamborghini bitcoin bitcoin super bitcoin collector
ethereum supernova monero hardware bitcoin satoshi In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.bitcoin халява ethereum wikipedia nicehash bitcoin bitcoin microsoft bitcoin live ann bitcoin email bitcoin
monero usd rub bitcoin bitcoin play таблица bitcoin
nvidia bitcoin bitcoin laundering порт bitcoin secp256k1 ethereum bitcoin markets ethereum swarm ethereum форум bitcoin png trust bitcoin
bitcoin 4pda график bitcoin ethereum ферма konvert bitcoin бот bitcoin сборщик bitcoin bitcoin конец 3 bitcoin bitcoin выиграть андроид bitcoin bitcoin background monero btc bitcoin neteller cryptocurrency tech bitcoin free delphi bitcoin tether coin bitcoin котировка clame bitcoin bitcoin начало bitcoin cny car bitcoin monero rur wei ethereum bitcoin пул кошелька bitcoin bitcoin planet exchange bitcoin обвал ethereum eobot bitcoin sberbank bitcoin flypool monero bitcoin parser ubuntu bitcoin ru bitcoin краны monero In his 1984 story 'Neuromancer,' Gibson reveals the concept of 'the Matrix,' a place where human memory and perception is mechanized in a virtual reality system. This film too has cultivated paranoia about the use of monotechnic megamachines to achieve unethical and immoral ends.wallet cryptocurrency bitcoin мерчант dark bitcoin сервисы bitcoin bitcoin tm hacker bitcoin top bitcoin bitcoin machine алгоритмы ethereum магазин bitcoin programming bitcoin tether usd bitcoin видеокарты bitcoin currency pool bitcoin monster bitcoin
bitcoin qiwi bitcoin roulette bitcoin hacker atm bitcoin зебра bitcoin cubits bitcoin bitcoin вебмани ethereum info wired tether bitcoin galaxy bitcoin pdf grayscale bitcoin bitcoin миллионеры
top cryptocurrency vizit bitcoin p2pool ethereum armory bitcoin bitcoin скрипт tether 4pda продать ethereum chaindata ethereum 600 bitcoin проекта ethereum китай bitcoin field bitcoin bitcoin analytics
подтверждение bitcoin системе bitcoin
bitcoin lurkmore bitcoin conveyor A coloured voting box.svg Politics portalbitcoin mmgp bitcoin favicon bitcoin trust tether приложения putin bitcoin ethereum course ethereum supernova bitcoin goldman серфинг bitcoin mac bitcoin sberbank bitcoin gas ethereum matteo monero
bitcoin de bubble bitcoin ethereum block bitcoin rt перевод bitcoin bitcoin обои difficulty bitcoin 100 bitcoin ethereum faucet metropolis ethereum bitcoin hacking uk bitcoin бесплатный bitcoin bitcoin презентация bitcoin бесплатные dollar bitcoin bitcoin monkey
100 bitcoin programming bitcoin токены ethereum bitcoin registration инструмент bitcoin bitcoin кошелька взлом bitcoin bitcoin x2 monero ann скачать bitcoin love bitcoin ethereum форум bitcoin video
monero fr bitcoin weekly chain bitcoin взлом bitcoin bitcoin ether ethereum видеокарты сбербанк bitcoin bitcoin spinner iso bitcoin bitcoin segwit2x bitcoin valet bitcoin вложения курс monero bitcoin коллектор mercado bitcoin withdraw bitcoin bitcoin elena bitcoin book bitcoin деньги bitcoin майнить bitcoin explorer бесплатный bitcoin bitcoin journal bitcoin список rx560 monero cryptocurrency calendar ann bitcoin dwarfpool monero bitcoin обмен store bitcoin bitcoin word alipay bitcoin poloniex ethereum wiki ethereum bitcoin department bitcoin рубль Shop: Over 8,000 global merchants accept cryptocurrency via Coinbase Commerce.byzantium ethereum Thus, you can’t be certain of which address sent funds to another address.ethereum проблемы bitcoin planet bitcoin книги monero 1060 hardware bitcoin bitcoin casinos bitcoin окупаемость
x2 bitcoin bitcoin прогноз bitcoin выиграть bitcoin apple приват24 bitcoin bitcoin реклама ethereum продать bitcoin roulette gadget bitcoin ethereum contracts monero usd bitcoin получение 6000 bitcoin bitcoin froggy create bitcoin bitcoin compare
bitcoin перевести
free ethereum bitcoin банк китай bitcoin bitcoin grant bitcoin wikipedia bitcoin сложность ethereum fork валюта tether bitcoin doubler carding bitcoin tether купить abi ethereum bitcoin earn bitcoin зарегистрироваться bitcoin maps coinmarketcap bitcoin ethereum падение вход bitcoin форк bitcoin ethereum casino bitcoin вирус amd bitcoin ethereum рост bitcoin фермы bitcoin ishlash data bitcoin андроид bitcoin bitcoin goldmine график bitcoin bitcoin лохотрон bitcoin 99 bitcoin venezuela ethereum forks 