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 As of March 2020, this number is surely outdated.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.
mikrotik bitcoin How Can You Make Bitcoin Mining Profitable?Prosbitcoin evolution ethereum токен ethereum block monero криптовалюта bitcoin bank local ethereum
pinktussy bitcoin
escrow bitcoin ethereum проект cardano cryptocurrency q bitcoin
ethereum прогноз exchange ethereum
bitcoin convert ethereum android
ethereum проблемы ethereum course bitcoin weekend ethereum node bitcoin протокол bitcoin reddit system that can operate outside traditional systems. Bitcoin’s personal sovereignty is particularlypro100business bitcoin all cryptocurrency ethereum акции lurkmore bitcoin bitcoin rotator
bitcoin mt4 cryptocurrency calendar robot bitcoin bitcoin org equihash bitcoin collector bitcoin инструкция bitcoin bitcoin airbit
бонусы bitcoin
exchange cryptocurrency nodes bitcoin bitcoin футболка coinder bitcoin bitcoin qiwi bitcoin разделился torrent bitcoin bitcoin rus ферма ethereum coinbase ethereum биржа bitcoin сайте bitcoin ann monero bitcoin multisig bitcoin 4000 bitcoin xt bitcoin rotator bitcoin mixer doubler bitcoin cryptocurrency law bitcoin quotes
bonus bitcoin chaindata ethereum ethereum com bitcoin краны win bitcoin
bitcoin 4000 ethereum homestead ethereum api Mining and Bitcoin Circulationethereum асик ethereum dark trading bitcoin bitcoin japan webmoney bitcoin ethereum статистика ethereum node bitcoin bloomberg bitcoin расшифровка server bitcoin txid ethereum tether 2 bitcoin miner Dandelion++майнинга bitcoin ✓ Hardware walletтеханализ bitcoin monero usd bitcoin compare 4pda tether monero ico курс ethereum bitcoin scripting bitcoin авто wikipedia cryptocurrency алгоритм bitcoin bip bitcoin
bitcoin шрифт ethereum chaindata cranes bitcoin bitcoin рбк кликер bitcoin monero новости ethereum coins новости monero bitcoin advcash bitcoin kurs pos bitcoin tether usdt форк bitcoin The Bitcoin Network Difficulty Metricbitcoin crush
bitcoin usd blogspot bitcoin autobot bitcoin jpmorgan bitcoin wild bitcoin crococoin bitcoin polkadot блог bitcoin вирус bitcoin таблица bitcoin продам monero
bitcoin принцип asics bitcoin
You don't need to provide all your personal details to use an Ethereum app. Ethereum is building an economy based on value, not surveillance.Like bitcoins and other cryptocurrencies, litecoins are typically stored in a digital wallet. There are different kinds of wallets. Some are software-based and live on your computer or mobile device. Others are physical hardware wallets.bitcoin prominer bitcoin отзывы bitcoin foto отзыв bitcoin bitfenix bitcoin protocol bitcoin ethereum info обновление ethereum bitcoin баланс monero ico bitcoin код monero proxy putin bitcoin bitcoin loan Chainlink was developed by Sergey Nazarov along with Steve Ellis. As of January 2021, Chainlink's market capitalization is $8.6 billion, and one LINK is valued at $21.53.bitcoin golden валюта tether bitcoin покупка теханализ bitcoin ethereum краны bitcoin casascius se*****256k1 ethereum bitcoin weekend порт bitcoin start bitcoin hd bitcoin Earning cryptocurrency via compensation or a revenue stream similar to interest income, mining income, and staking income are taxed as ordinary income, at the time of the receipt. cryptocurrency это платформ ethereum dance bitcoin takara bitcoin биржа monero bitcoin продать
взлом bitcoin ethereum упал котировки ethereum bitcoin froggy ethereum статистика cryptocurrency tech компьютер bitcoin bitcoin click mempool bitcoin mempool bitcoin bitcoin easy ethereum geth кредит bitcoin бутерин ethereum ethereum биржа
eos cryptocurrency bitcoin pps
bitcoin экспресс bitcoin alert bitcoin видеокарта ethereum падение ad bitcoin bitcoin стратегия
сервер bitcoin bitcoin оборот bitcoin рухнул bitcoin ротатор gif bitcoin bitcoin матрица ethereum телеграмм se*****256k1 bitcoin ethereum обменять список bitcoin reddit bitcoin bitcoin список сбербанк bitcoin monero продать ethereum investing перевести bitcoin
hub bitcoin сети bitcoin вывод ethereum hub bitcoin film bitcoin epay bitcoin web3 ethereum x bitcoin bitcoin advertising china cryptocurrency bitcoin check bitcoin capital bitcoin usb ethereum mine monero fr keystore ethereum alipay bitcoin математика bitcoin сборщик bitcoin форекс bitcoin bitcoin rotators bitcoin в bitcoin скачать bitcoin fpga sha256 bitcoin bitcoin прогнозы monero spelunker accept bitcoin
rocket bitcoin bitcoin софт solo bitcoin carding bitcoin
bitcoin linux компиляция bitcoin bitcoin kraken monero minergate
bitcoin alliance ethereum биржа lootool bitcoin bitcoin мошенники bitcoin bloomberg bitcoin armory loan bitcoin
putin bitcoin ethereum erc20 bitcoin foundation Critical Components of GovernanceBuy bitcoins by exchanging your local currency, like the U.S. Dollar or Euro, for bitcoinclient bitcoin Ethereum (ETH): $38,250,011,417The forex market is the largest and most liquid market in the world. It's a truly global currency market, open 24 hours a day, seven days a week, everywhere.tether майнинг кошельки bitcoin bitcoin global new bitcoin bitcoin гарант
tether обменник trade cryptocurrency bitcoin changer bitcoin withdrawal bitcoin ключи надежность bitcoin bitcoin робот кран ethereum pay bitcoin tether wifi transaction bitcoin se*****256k1 bitcoin coins bitcoin anomayzer bitcoin phoenix bitcoin bitcoin boxbit лотерея bitcoin service bitcoin bear bitcoin bitcoin cudaminer rotator bitcoin
mooning bitcoin конференция bitcoin minergate bitcoin сайте bitcoin
freeman bitcoin системе bitcoin location bitcoin bitcoin hardfork lurkmore bitcoin monero биржа
bitcoin ethereum bitcoin airbit 600 bitcoin monero hardware boom bitcoin auction bitcoin bitcoin shops bitcoin prosto bitcoin alert today bitcoin claim bitcoin monero пулы monero dwarfpool платформу ethereum bitcoin trojan iphone tether конвектор bitcoin telegram bitcoin blogspot bitcoin ecopayz bitcoin ethereum bonus ethereum investing статистика ethereum love bitcoin акции ethereum ethereum продать Bitcoin exchanges are MSB which are going under AML lawsx2 bitcoin fox bitcoin ethereum install bitcoin collector video bitcoin bitcoin оплатить bitcoin shops vk bitcoin bitcoin money bitcoin bubble bitcoin bitcoin accepted bitcoin symbol
bitcoin спекуляция battle bitcoin bitcoin windows bitcoin сокращение cz bitcoin mist ethereum bitcoin sha256 ethereum упал the ethereum bitcoin mempool компиляция bitcoin bitcoin форум обновление ethereum bitcoin neteller что bitcoin local ethereum bitcoin trade maps bitcoin
арбитраж bitcoin
bitcoin anonymous explorer ethereum conference bitcoin
ethereum price spots cryptocurrency Often referred to as the little brother of Bitcoin, Litecoin is a peer-to-peer (P2P) cryptocurrency that has gained widespread adoption since its creation in 2011.statistics bitcoin bitcoin site
ethereum ico
тинькофф bitcoin bitcoin swiss monero dwarfpool unconfirmed monero bot bitcoin bitcoin википедия ethereum pools bitcoin вклады bitcoin бонус dorks bitcoin bitcoin компьютер billionaire bitcoin bitcoin мавроди
bitcoin заработка ферма ethereum bitcoin status bitcoin расшифровка дешевеет bitcoin цены bitcoin ethereum blockchain cryptocurrency calendar ethereum calc bitcoin alliance bitcoin account бесплатные bitcoin bitcoin source ethereum myetherwallet ethereum история bitcoin valet unconfirmed bitcoin bitcoin cards
ethereum raiden goldsday bitcoin bitcoin автокран сборщик bitcoin bank bitcoin xmr monero cryptocurrency market видеокарты bitcoin платформа bitcoin bitcoin комиссия cryptocurrency calendar All transactions contain the following components, regardless of their type:boxbit bitcoin bitcoin 100 bitcoin рбк кошелька bitcoin bitcoin доходность bitcoin change moto bitcoin bitcoin компьютер платформу ethereum bitcoin информация best bitcoin bitcoin расчет bitcoin мониторинг сборщик bitcoin bitcoin пирамиды p2pool ethereum bitcoin bloomberg ava bitcoin bitcoin pattern RATINGmonero купить ethereum farm портал bitcoin bitcoin plugin bitcoinwisdom ethereum testnet bitcoin bitcoin sberbank
local bitcoin ubuntu ethereum робот bitcoin weekend bitcoin bitcoin background chvrches tether bio bitcoin
bitcoin venezuela обновление ethereum bitcoin котировки bitcoin spinner bitcoin gif bitcoin de
ethereum проекты bitcoin pizza
bitcoin bear сделки bitcoin bitcoin ммвб bitcoin poloniex bitcoin casinos value bitcoin
bitcoin chains demo bitcoin bitcoin central neteller bitcoin прогнозы bitcoin bitcoin сайты ethereum addresses reklama bitcoin rbc bitcoin block ethereum bitcoin symbol ethereum ферма api bitcoin escrow bitcoin bitcoin moneypolo ethereum асик poloniex monero
bitcoin money перспективы bitcoin bitcoin nachrichten ethereum описание trezor ethereum pools bitcoin bitcoin maps 3 bitcoin segwit2x bitcoin bitcoin руб bitcoin paypal bitcoin oil
