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 As of March 2020, this number is surely outdated.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.
краны monero
создатель ethereum blocks bitcoin money bitcoin bitcoin wm bitcoin зарегистрировать bitcoin займ
alpha bitcoin bitcoin explorer monero *****u запросы bitcoin checker bitcoin
ethereum casino
bitfenix bitcoin tether wallet криптовалюту bitcoin ethereum перевод hourly bitcoin bitcoin make The short answer is that you can do anything, but you might have to build it first! Bitcoin enables any kind of trade or business one can imagine, but because it is so new, much that can be imagined is still only in the imagination. Entrepreneurs have been building and testing Bitcoin-systems for a couple years now, but the vast majority of Bitcoin’s global potential remains untapped. Every liberty-minded entrepreneur should be considering this point.ethereum script bitcoin теория 3d bitcoin nanopool monero
bitcoin capitalization ethereum contracts аналитика ethereum bitcoin icon nanopool ethereum bitcoin сервисы сколько bitcoin ютуб bitcoin little bitcoin
bitcoin кранов polkadot блог магазин bitcoin monero hardware
monero coin q bitcoin bitcoin matrix bitcoin расшифровка monero кошелек bitcoin s zebra bitcoin
cryptocurrency ethereum opencart bitcoin ethereum проблемы cubits bitcoin bitcoin cny bitcoin bow bitcoin mail торрент bitcoin 60 bitcoin monero сложность tether криптовалюта bitcoin scam bitcoin pdf hyip bitcoin bitcoin 2017 bitcoin шахты boom bitcoin ethereum кран ethereum usd bitcoin clouding
monero benchmark cryptocurrency wallet Fungibility i.e., one XMR always equal to one XMR as the origin of each individual moneroj is supposedly untraceable.bitcoin hosting продать ethereum Litecoin is much cheaper than Bitcoin, costing around $48 per coin. Litecoin and Ethereum transaction speed is also close to each other, removing that downside.bitcoin new dark bitcoin bitcoin laundering monero gui
bitcoin links word bitcoin ethereum картинки bitcoin payza bitcoin two 1000 bitcoin etherium bitcoin ethereum markets nodes bitcoin вход bitcoin ethereum биржа bitcoin приложения ethereum geth
bitcoin easy bitcoin start china bitcoin
bitcoin box стоимость bitcoin 60 bitcoin cryptocurrency tech bitcoin это bank cryptocurrency cryptocurrency prices программа tether sgminer monero bitcoin online ethereum siacoin mineable cryptocurrency заработка bitcoin перспективы ethereum ethereum ethash r bitcoin ethereum контракт bitcoin bbc иконка bitcoin форк bitcoin bitcoin описание bitcoin anonymous ethereum доходность
dwarfpool monero all bitcoin bitcoin магазин xmr monero кран bitcoin bitcoin click Conclusioncryptocurrency это bitcoin сбор india bitcoin stock bitcoin fast bitcoin обновление ethereum
bitcoin capital биткоин bitcoin ethereum chart 0 bitcoin bitcoin earning bitcoin cap land bitcoin bitcoin путин bitcoin zebra
транзакции ethereum
bitcoin обменники капитализация ethereum bitcoin форум
ethereum shares краны monero bitcoin hourly sgminer monero bitcoin trader bitcoin смесители tether iphone
bounty bitcoin bitcoin donate bitcoin зарабатывать bitcoin 9000 usb bitcoin кошелек bitcoin bitcoin login
ethereum microsoft
monero калькулятор ethereum обменять bitcoin putin
connect bitcoin курс ethereum java bitcoin ethereum пул bitcoin nyse bitcoin коллектор bitcoin casino nicehash bitcoin bitcoin btc cgminer ethereum создать bitcoin bitcoin official monero курс sell ethereum monero amd waves bitcoin ethereum биткоин flex bitcoin Personal control: This means that every user is in charge of their own money, no-one but the user can get to it. It’s decentralized, remember? So, it’s different from giving the bank control of your money.bubble bitcoin ethereum stats майнинг tether flappy bitcoin ethereum claymore bitcoin xt amd bitcoin monero gpu bitcoin simple bitcoin work дешевеет bitcoin chaindata ethereum ethereum доходность win bitcoin
bitcoin marketplace takara bitcoin iso bitcoin goldmine bitcoin ethereum токены green bitcoin day bitcoin bitcoin 3d bitcoin download bitcoin register double bitcoin криптовалюта ethereum bitcoin блоки ethereum описание раздача bitcoin bitcoin кранов difficulty ethereum bitcoin delphi ethereum wikipedia bitcoin youtube bitcoin system перспективы ethereum bitcoin usa bitcoin girls matteo monero de bitcoin bitcoin compare ethereum пулы майн ethereum обменник ethereum bitcoin hacker вывод monero bitcoin reddit обмен ethereum ethereum addresses monero hashrate cryptocurrency nem bitcoin биржи finney ethereum ethereum ферма all cryptocurrency alpari bitcoin bitcoin инвестирование ethereum telegram ava bitcoin график monero bitcoin exe Consensus, Not Command %trump2% ControlEmptiness always means empty of somethingyoutube bitcoin bitcoin алгоритм бесплатные bitcoin ethereum node
bitcoin создать rocket bitcoin bitcoin транзакция продать bitcoin
bitcoin world monero обмен cronox bitcoin tether обзор hacking bitcoin bitcoin pay bitcoin отзывы bitcoin 0 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
multiply bitcoin programming bitcoin bitcoin online bitrix bitcoin monero free
краны monero alipay bitcoin миксеры bitcoin
tether tools lazy bitcoin monero fr bounty bitcoin bitcoin экспресс
ethereum ico r bitcoin перевод ethereum steam bitcoin лото bitcoin gif bitcoin bistler bitcoin bitcoin evolution bitcoin etherium генераторы bitcoin
blocks bitcoin bitcoin hash mikrotik bitcoin bitcoin биржа tera bitcoin bitcoin hunter bitcoin спекуляция бот bitcoin 2x bitcoin казахстан bitcoin github ethereum ethereum проблемы buy tether bitcoin purchase конвертер ethereum bitcoin central weather bitcoin
bitcoin github краны monero bitcoin установка
ethereum org bitcoin scam aml bitcoin
bitcoin вебмани youtube bitcoin bitcoin plugin bitcoin capital
часы bitcoin криптовалюта tether bitcoin me bitcoin кошелька bus bitcoin
bitcoin конвектор bitcoin gpu laundering bitcoin
bitcoin стратегия bitcoin перевод видео bitcoin tether coin адреса bitcoin
buying bitcoin monero *****u bitcoin play ethereum бутерин trade cryptocurrency statistics bitcoin georgia bitcoin foto bitcoin byzantium ethereum курс tether monero обмен
bitcoin минфин ethereum news monero pro pull bitcoin polkadot ico cryptocurrency gold
mmm bitcoin app bitcoin bitcoin otc coingecko ethereum kran bitcoin bitcoin шахты bitcoin multibit bitcoin youtube bitcoin cryptocurrency erc20 ethereum freeman bitcoin avatrade bitcoin parity ethereum bitcoin компания proxy bitcoin golden bitcoin
bitcoin forum bitcoin click daemon monero
bitcoin теханализ bitcoin работа click bitcoin second bitcoin эмиссия ethereum bitfenix bitcoin
bitcoin live
bitcoin minecraft
chart bitcoin ethereum видеокарты обменник monero bitcoin зарегистрировать 2016 bitcoin хайпы bitcoin Non-fungible tokenscaptcha bitcoin пополнить bitcoin bitcoin зарегистрироваться bitcoin school bitcoin kran bitcoin services bitcoin блокчейн bitcoin пирамида bitcoin icons zona bitcoin bitcoin магазин форум bitcoin moon bitcoin сервисы bitcoin 2016 bitcoin bitcoin loans
adbc bitcoin bitcoin луна курс ethereum wallet tether
nicehash monero bitcoin daemon криптовалюта tether magic bitcoin
tera bitcoin token bitcoin bitcoin webmoney ethereum asics bitcoin valet
bitcoin usa ethereum валюта bitcoin book mooning bitcoin bitcoin заработок bitcoin компьютер bitcoin people loan bitcoin casinos bitcoin
bye bitcoin free ethereum cryptocurrency calendar
bitcoin раздача
bitcoin сегодня auto bitcoin difficulty ethereum ethereum torrent bitcoin трейдинг bitcoin pps bitcoin generator ethereum токены майнер monero видео bitcoin finney ethereum rotator bitcoin cold bitcoin bitcoin landing сборщик bitcoin bitcoin bank кости bitcoin electrum bitcoin monero курс bitcoin бонус 1080 ethereum bitcoin биржа bitcoin пул monero кран перевод ethereum ethereum web3 cryptocurrency all cryptocurrency
арестован bitcoin The growing number of financial instruments being created around Bitcoin, as well as other cryptocurrencies also underscores its increased acceptance as an investment. Exchange-traded products in Switzerland based on Bitcoin are some of the highest-traded products on the SIX Swiss Exchange.ethereum настройка ethereum mist Miners and other network participantsbitcoin formula What is blockchain?monero майнить фьючерсы bitcoin stealer bitcoin
monero fee bitcoin сделки торрент bitcoin day bitcoin ethereum blockchain bitcoin loan обмен bitcoin
ethereum криптовалюта ethereum logo cardano cryptocurrency cryptocurrency calendar bitcoin hd monero bitcointalk monero вывод
bitcoin реклама 6000 bitcoin bitcoin ммвб korbit bitcoin обновление ethereum cryptocurrency news
bitcoin гарант cryptocurrency calendar bitcoin казахстан взлом bitcoin
cryptocurrency charts dogecoin bitcoin
bitcoin etf программа bitcoin transactions are hashed in a Merkle Tree, with only the root included in the block's hash.blogspot bitcoin exchange ethereum ethereum биржа обмен tether bitcoin обменять kinolix bitcoin bitcoin indonesia ethereum twitter bitcoin source ethereum алгоритм ethereum алгоритм bitcoin traffic асик ethereum bitcoin information bitcoin отзывы bitcoin statistics Since its creation, Bitcoin has settled more than $2.5 trillion in transactions, as shown in Figure 8,bitcoin сервисы market bitcoin pool monero statistics bitcoin bitcoin окупаемость bitcoin 10 sha256 bitcoin сколько bitcoin bitcoin circle iso bitcoin bitcoin javascript monero usd обменники bitcoin bitcoin tm bitcoin hesaplama 4pda bitcoin bitcoin 4000 bitcoin difficulty cryptonote monero иконка bitcoin терминал bitcoin Similarly, a pool may not support the use of any and all mining software packages, and a miner may need specific software that is compatible with the pool. Some pools may also require miners to have a minimum network connection speed to the pool server, and that may need to be verified against the internet speed available to the miner. Before evaluating the pros and cons of a pool, it is worth considering whether these stipulations may disqualify you from participating anyway.bitcoin стоимость
bitcoin analysis перевод bitcoin bounty bitcoin shot bitcoin кран bitcoin java bitcoin ethereum serpent monero miner краны monero bitcoin оборудование bitcoin стратегия
The Cypherpunks mailing list was formed at about the same time, and just a few months later, Eric Hughes published 'A Cypherpunk’s Manifesto'. He wrote:bitcoin коды mail bitcoin bitcoin script
programming bitcoin системе bitcoin erc20 ethereum bitcoin парад bitcoin 20 bitcoin обналичить bitcoin мошенничество coinder bitcoin p2pool bitcoin ethereum contracts Accounts that store ETH and have code (smart contracts) that can be run – these smart contracts are activated by a transaction sending ETH into it. Once the smart contract has been uploaded, it sits there waiting to be activated.facebook bitcoin exchange monero
ethereum microsoft nicehash monero bitcoin formula форк bitcoin prune bitcoin покупка ethereum bitcoin linux bitcoin mac doubler bitcoin mikrotik bitcoin lurkmore bitcoin bitcoin отзывы sberbank bitcoin
bitcoin forex рулетка bitcoin криптовалюта monero bitcoin автосборщик bitcoin fees вложения bitcoin эпоха ethereum bitcoin сервера скачать tether rpc bitcoin bitcoin куплю monero новости
collector bitcoin moneybox bitcoin bitcoin монета txid ethereum обсуждение bitcoin майн bitcoin bitcoin форк bitcoin спекуляция decred cryptocurrency bitcoin проект история bitcoin заработок ethereum bitcoin india ethereum pos bitcoin super gui monero mining ethereum bitcoin dark статистика ethereum bitcoin конференция monero windows ethereum usd bitcoin express bitcoin journal bitcoin компания bitcoin шифрование io tether web3 ethereum регистрация bitcoin пулы bitcoin
bitcoin скачать bitcoin paper roboforex bitcoin
ethereum api новый bitcoin
ethereum телеграмм cryptocurrency calendar кредиты bitcoin tether транскрипция ethereum mining bitcoin laundering monero fee bitcoin вконтакте брокеры bitcoin
bitcoin loan bitcoin dynamics
bitcoin кредиты bitcoin мерчант xronos cryptocurrency bitcoin магазины ethereum ethash multiplier bitcoin 2. Blockchain in Cyber SecurityLogan Rossethereum coins bitcoin генератор ethereum клиент ethereum wikipedia
заработка bitcoin monero *****u loans bitcoin scrypt bitcoin 0 bitcoin bitcoin funding bitcoin сервера
bitcoin status обменять monero bitcoin qiwi bitcoin weekly bitcoin cudaminer bitcoin депозит japan bitcoin bitcoin habrahabr matrix bitcoin bitcoin start блок bitcoin bestexchange bitcoin asics bitcoin rx470 monero bitcoin hub segwit2x bitcoin ethereum 1070 time bitcoin get bitcoin токен bitcoin bitcoin phoenix ethereum покупка carding bitcoin mt5 bitcoin wikipedia cryptocurrency робот bitcoin Halvingbitcoin вывод альпари bitcoin bitcoin книги отзывы ethereum okpay bitcoin bitcoin india криптовалюта tether bitcoin это индекс bitcoin bitcoin drip bitcoin nachrichten lavkalavka bitcoin фьючерсы bitcoin pow bitcoin bitcoin machine bitcoin uk перевод ethereum bitcoin пул рулетка bitcoin депозит bitcoin игра ethereum
проверка bitcoin logo ethereum field bitcoin bitcoin eobot bitcoin nvidia forecast bitcoin bitcoin коды cronox bitcoin inside bitcoin
bitcoin xpub 1080 ethereum key bitcoin bitcoin лучшие bitcoin fake ethereum токены tether usd ethereum сегодня bitcoin bow исходники bitcoin 6000 bitcoin bitcoin hub location bitcoin Buy bitcoins by exchanging your local currency, like the U.S. Dollar or Euro, for bitcoinsuper bitcoin bitcoin генераторы
bitcoin miner
bitcoin сокращение биржа ethereum
tether bootstrap r bitcoin bitcoin сайты coinmarketcap bitcoin bitcoin casinos chaindata ethereum ethereum solidity bitcoin yandex
bitcoin apk bitcoin рубль sportsbook bitcoin hosting bitcoin transaction bitcoin card bitcoin ethereum форки bitcoin авто bitcoin farm bitcoin in yota tether rush bitcoin добыча bitcoin trinity bitcoin reddit ethereum 60 bitcoin дешевеет bitcoin bitcoin icons bitcoin king bitcoin ann *****a bitcoin
bitcoin матрица bitcoin base php bitcoin сервисы bitcoin
monero cryptonote bitcoin asic bitcoin daemon mt4 bitcoin теханализ bitcoin bitcoin обмен что bitcoin
bitcoin рухнул отследить bitcoin bitcoin generate bitcoin баланс unconfirmed bitcoin bitcoin alpari
iso bitcoin captcha bitcoin bitcoin cz bitcoin игры мониторинг bitcoin bitcoin развод Best Appsgenerator bitcoin bitcoin google кредиты bitcoin ethereum ротаторы работа bitcoin ethereum валюта bitcoin joker
siiz bitcoin bitcoin balance puzzle bitcoin bitcoin explorer nvidia monero
reindex bitcoin bitcoin xapo rus bitcoin статистика ethereum
ethereum api monero стоимость
bitcoin комиссия bitcoin qr pay bitcoin bitcointalk ethereum fast bitcoin работа bitcoin bitcoin партнерка ethereum сбербанк monero pool яндекс bitcoin курс monero ethereum scan bitcoin установка trading cryptocurrency bitcoin alien bitcoin миксер bitcoin capitalization
proxy bitcoin bitcoin earnings bitcoin 2020 доходность ethereum balance bitcoin капитализация bitcoin ethereum mist автомат bitcoin monero новости tether криптовалюта map bitcoin bear bitcoin bitcoin haqida bitcoin кошельки конец bitcoin bitcoin services rx580 monero bitcoin hacking
bitcoin register bitcoin abc краны monero шахта bitcoin polkadot su doge bitcoin mmm bitcoin ethereum конвертер bitcoin bbc tp tether bitcoin trader
краны monero
кран bitcoin bitcoin advcash usd bitcoin зарегистрироваться bitcoin проекта ethereum