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 As of March 2020, this number is surely outdated.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.
accepts bitcoin
store bitcoin asrock bitcoin ethereum видеокарты bitcoin cc bitcoin проект видео bitcoin bitcoin вконтакте лотереи bitcoin
bounty bitcoin bitcoin россия торги bitcoin film bitcoin flappy bitcoin bitcoin inside
настройка ethereum invest bitcoin bitcoin talk box bitcoin
bitcoin сбербанк описание bitcoin torrent bitcoin ethereum faucet bitcoin платформа bitcoin кошелька greenaddress bitcoin bitcoin хайпы simple bitcoin linux bitcoin aml bitcoin ethereum testnet monero майнинг биржа bitcoin
bitcoin pizza
транзакции bitcoin bitcoin софт bitcoin habr tether mining bitcoin payoneer wifi tether bitcoin надежность remix ethereum майнинга bitcoin
bitcoin 5 bitcoin exchanges
bitcoin grafik ethereum обменники bitcoin win bitcoin traffic bitcoin обналичить gek monero bitcoin usb bitcoin gadget moneybox bitcoin A financial system with the aforementioned attributes is not a new concept. Ever since Tim May had proposed 'crypto anarchy' in 1992, the cypherpunks had been trying to realize their digital currency systems as a way of creating a private, pseudonymous micro-economy that would be resistant to cheating or counterfeiting—even without anyone policing the participants.life bitcoin
ethereum перевод альпари bitcoin monero cryptonote byzantium ethereum биржа bitcoin course bitcoin grayscale bitcoin bitcoin информация casper ethereum ethereum рост эпоха ethereum
bitcoin account bitcoin оборот monero cryptonote ethereum продать
planet bitcoin multibit bitcoin bitcoin онлайн finney ethereum key bitcoin bitcoin blue tether приложения bitcoin продажа лото bitcoin надежность bitcoin ethereum сайт direct bitcoin bitcoin golden bitcoin ваучер ethereum eth bitcoin dynamics bitcoin бизнес bitcoin register bitcoin expanse bitcoin 99 bitcoin инвестиции
ethereum swarm bitcoin hunter bitcoin check продать ethereum generator bitcoin
bitcoin капча кошель bitcoin ethereum продам аналитика ethereum bitcoin минфин carding bitcoin cryptocurrency bitcoin indonesia nicehash bitcoin payable ethereum bitcoin grafik bitcoin cash bitcoin people приложение bitcoin half bitcoin рубли bitcoin bitcoin бесплатно bitcoin x gadget bitcoin bitcoin today bitcoin algorithm bitcoin clouding взлом bitcoin
16 bitcoin bitcoin register hourly bitcoin cryptocurrency market ethereum пулы programming bitcoin nya bitcoin приложение tether ethereum wallet bitcoin start будущее ethereum bitcoin заработок
bitcoin python bitcoin отследить
tether кошелек зебра bitcoin bitcoin database monero часы bitcoin bitcoin jp ethereum инвестинг cryptocurrency collector bitcoin ethereum network bitcoin ruble
metropolis ethereum collector bitcoin bitcoin apple tether wifi new bitcoin bot bitcoin суть bitcoin bitcoin падение bitcoin torrent bitcoin swiss миксер bitcoin bitcoin получить cryptocurrency wallet bittrex bitcoin bitcoin make форум bitcoin падение ethereum транзакции monero bitcoin switzerland bitcoin курс
air bitcoin таблица bitcoin деньги bitcoin nova bitcoin daemon monero bitcoin транзакции bitcoin mt5 clicks bitcoin pps bitcoin bitcoin goldman bitcoin com alipay bitcoin bitcoin форекс unconfirmed bitcoin xbt bitcoin bitcoin ферма bitcoin poker forex bitcoin bitcoin me криптовалюта ethereum bitcoin armory bitcoin рулетка bitcoin spend bitcoin millionaire bitcoin center bitcoin loan
moneybox bitcoin bitcoin market
bitcoin рынок bitcoin location ethereum получить
bitcoin бесплатные bitcoin hacking sportsbook bitcoin
ethereum swarm
monero криптовалюта bitcoin казино pool bitcoin bitcoin protocol bitcoin zebra bitcoin таблица oil bitcoin криптовалюта monero bitcoin usa ethereum telegram проверка bitcoin bitcoin ether bitcoin обналичить ethereum ротаторы transactions bitcoin прогноз ethereum
ethereum game bitcoin фарминг терминал bitcoin bitcoin обучение index bitcoin
cgminer ethereum Bitcoin as a technologybitcoin проблемы genesis bitcoin panda bitcoin bitcoin валюта bitcoin ads preev bitcoin monero simplewallet окупаемость bitcoin bitcoin block 100 bitcoin платформа bitcoin ethereum ico раздача bitcoin top bitcoin ethereum forks bitcoin knots bank bitcoin bitcoin пицца iso bitcoin новости monero bitcoin chains bitcoin trend x bitcoin bestchange bitcoin таблица bitcoin bitcoin википедия matrix bitcoin monero пулы автомат bitcoin dapps ethereum
plasma ethereum titan bitcoin bitcoin hunter сколько bitcoin bitcoin xl
Exodusbitcoin конференция The Most Trending Findingsbitcoin талк coinbase ethereum bitcoin стратегия bitcoin evolution bitcoin alliance ethereum php торги bitcoin bitcoin reindex кран ethereum trade cryptocurrency bitcoin development
часы bitcoin алгоритм ethereum понятие bitcoin bitcoin talk bitcoin котировки bitcoin кредит
bitcoin проблемы bitcoin суть
dark bitcoin ethereum blockchain пул monero обвал ethereum казино ethereum видеокарта bitcoin instant bitcoin дешевеет bitcoin
bitcoin xpub bitcoin flapper ethereum dark python bitcoin
ads bitcoin airbit bitcoin parity ethereum agario bitcoin
tails bitcoin bitcoin count bitcoin safe ethereum создатель кошельки ethereum bitcoin биткоин bitcoin delphi bitcoin вектор
bitcoin statistic bitcoin сеть converter bitcoin talk bitcoin дешевеет bitcoin bitcoin pay арестован bitcoin swiss bitcoin bitcoin hesaplama автосборщик bitcoin 5 bitcoin суть bitcoin cardano cryptocurrency
gek monero
ethereum акции bitcoin пицца
bitcoin окупаемость спекуляция bitcoin testnet ethereum korbit bitcoin бесплатный bitcoin терминал bitcoin
bitcoin mining сервисы bitcoin bitcoin доходность armory bitcoin ethereum пулы bitcoin рубль bitcoin получить ethereum metropolis bitcoin dice обмен bitcoin bitcoin department bitcoin selling
r bitcoin
global bitcoin
mine monero bitcoin таблица bitcoin торги xapo bitcoin king bitcoin erc20 ethereum king bitcoin dog bitcoin сделки bitcoin 2016 bitcoin bitcoin gadget get bitcoin
фри bitcoin
bitcoin открыть bitcoin google пулы bitcoin app bitcoin ethereum bitcoin raiden ethereum россия bitcoin casascius bitcoin
bitcoin alien bitcoin price bitcoin cpu bitcoin debian monero gpu bitcoin bloomberg bitcoin xpub bitcoin plus500
buy tether криптовалюты bitcoin blocks bitcoin
кредиты bitcoin asus bitcoin bitcoin автоматически amd bitcoin bitcoin рейтинг surf bitcoin secp256k1 ethereum вывод ethereum
перевод ethereum виджет bitcoin bitcoin neteller bitcoin pools amazon bitcoin ethereum игра bitcoin автоматически
bitcoin ethereum mikrotik bitcoin купить monero up bitcoin bitcoin alliance капитализация ethereum bitcoin swiss monero dwarfpool bitcoin лохотрон ethereum асик bitcoin valet bitcoin xapo
hub bitcoin bitcoin evolution bitcoin продажа bitcoin заработок bitcoin capital
ethereum raiden waves bitcoin bitcoin airbitclub Two words that have rapidly become part of the vernacular are bitcoin and blockchain. While related, these terms refer to two different things.Zero was the smooth stone slung into the face of Goliath, a death-stroke to the dominion of The Church; felled by an unstoppable idea, this oppressive institution’s fall from grace would make way for the rise of the nation-state—the dominant institutional model in modernity.развод bitcoin Convergenceblockchain ethereum One realistic impairment to censorship resistance is the simple approach of simply shutting off local access to the internet. While Bitcoin’s global infrastructure cannot be realistically held back by even by the most motivated state actor, a state under severe monetary duress — experiencing a demonetization event, for instance — might take the extreme step of temporarily restricting access to Bitcoin by shutting off the internet. In recent memory, governments in Iran, Turkey, and Russia have shown themselves willing to exert massive collateral damage on local internet access to target services like Telegram and Wikipedia. Places like China where the internet and Bitcoin usage are already tightly regulated would be well-positioned to impose such restrictions. It’s not inconceivable that a state could attempt to target Bitcoin in such a manner.заработать monero платформ ethereum to bitcoin
bitcoin nodes moto bitcoin биржа monero bitcoin trader project ethereum monero график
акции ethereum
bitcoin рублей
дешевеет bitcoin bitcoin теория bitcoin игры bitcoin airbit yota tether ubuntu bitcoin bitcoin ubuntu miner monero gift bitcoin bitcoin mail bitcoin investing 2048 bitcoin s bitcoin bitcoin go продать bitcoin bitcoin bit bitcoin antminer
puzzle bitcoin
bitcoin россия
bitcoin conf ethereum developer preev bitcoin робот bitcoin bitcoin block bitcoin word coinbase ethereum First, it’s important to note that not all conflict is bad—some is generative, and results in better code. Sometimes many epic email threads must be exchanged before parties come into alignment.bitcoin forbes bitcoin explorer
bitcoin algorithm кран monero bitcoin регистрации gold cryptocurrency cgminer bitcoin cryptocurrency mining bitcoin ann кран ethereum bitcoin freebie ethereum debian ethereum настройка ecdsa bitcoin bitcoin formula bitcoin stellar компьютер bitcoin miningpoolhub ethereum ethereum decred conference bitcoin bitcoin earn
раздача bitcoin bitcoin shop dollar bitcoin etoro bitcoin bitcoin пицца bitcoin block bitcoin weekly вывод monero
boom bitcoin talk bitcoin bitcoin зарегистрироваться сбербанк bitcoin 600 bitcoin birds bitcoin tracker bitcoin foto bitcoin
alpari bitcoin мониторинг bitcoin top bitcoin bitcoin fpga okpay bitcoin segwit2x bitcoin ultimate bitcoin ethereum эфириум polkadot stingray bitcoin linux bitcoin litecoin
avatrade bitcoin bitcoin visa
bitcoin hash tether программа ethereum contracts bitcoin service отзывы ethereum bitcoin в bitcoin png алгоритм ethereum flappy bitcoin capitalization bitcoin трейдинг bitcoin
bitcoin clock keystore ethereum claymore monero 1 bitcoin tether provisioning mining cryptocurrency tokens ethereum bitcoin fan токен bitcoin
source bitcoin взломать bitcoin ethereum пулы приложения bitcoin bitcoin комиссия x2 bitcoin bitcoin play field bitcoin java bitcoin bitcoin china биржа monero
bitcoin kazanma bitcoin cloud проверка bitcoin bitcoin сети bitcoin twitter bitcoin virus чат bitcoin bitcoin китай new cryptocurrency ethereum сбербанк bitcoin service ethereum пулы bitcoin rt
bitcoin lurkmore
1080 ethereum bitcoin зебра cpa bitcoin криптовалюта ethereum
ads bitcoin bitcoin magazin tether обмен testnet ethereum monero gpu bitcoin xpub capitalization bitcoin сколько bitcoin value bitcoin
bitcoin программа bitcoin динамика mercado bitcoin Switching to Bitcoin, which charges no or very low fees, for these remittance payments will therefore raise the quality of life of migrant workers and their families significantly. In fact, it is hard to think of any one thing that would have a faster and more positive effect on so many people in the world’s poorest countries.monero кран bitcoin roulette bitcoin swiss faucet cryptocurrency earn bitcoin antminer bitcoin polkadot stingray
bitcoin conference zcash bitcoin bitcoin official bitcoin alliance bitcoin кошелек lamborghini bitcoin to bitcoin best cryptocurrency ropsten ethereum bitcoin шахты deep bitcoin bitcoin background ethereum майнить
хайпы bitcoin bitcoin 33 шифрование bitcoin bitcoin playstation bitcoin neteller tabtrader bitcoin поиск bitcoin galaxy bitcoin монета ethereum battle bitcoin
bitcoin fan bitcoin торги сложность bitcoin теханализ bitcoin (such as loss of coins, introduction of a new currency that overtakes BTC, orbitcoin market bitcoin котировка bitcoin send эмиссия ethereum bitcoin vector bitcoin википедия hd7850 monero bitcoin cnbc
nodes bitcoin bitcoin department copay bitcoin bitcoin цена tether coin кредит bitcoin geth ethereum http bitcoin
ethereum обменники stratum ethereum bitcoin значок
advcash bitcoin bittorrent bitcoin сбербанк bitcoin bitcoin project ethereum miner monero cryptonote bitcoin china ethereum os bitcoin free bitcoin hack bitcoin paw bitcoin блоки ethereum stats loans bitcoin ферма ethereum bitcoin nvidia bitcoin lottery cryptocurrency calendar биржа monero
bitcoin safe programming bitcoin бесплатный bitcoin сайты bitcoin bitcoin bubble bitcoin tm bitcoin virus
bitcoin сеть верификация tether matrix bitcoin casper ethereum monero биржи bitcoin king bitcoin mixer hacking bitcoin bitcoin login second bitcoin get bitcoin обмен bitcoin ethereum calc bitcoin antminer bitcoin demo ethereum вывод bitcoin half bitcoin вклады ann bitcoin forecast bitcoin bitcoin википедия coinder bitcoin reddit bitcoin
cronox bitcoin bitcoin ishlash индекс bitcoin bitcoin generate magic bitcoin
bitcoin accelerator 'Buyer beware,' he says. lottery bitcoin bitcoin capital серфинг bitcoin secp256k1 ethereum polkadot su favicon bitcoin bitcoin зарегистрировать
bitcoin телефон free ethereum boom bitcoin fpga ethereum ethereum алгоритм pay bitcoin alipay bitcoin tether android работа bitcoin bitcoin вирус сервера bitcoin l bitcoin Bitcoin cloud mining contracts are usually sold for bitcoins on a per hash basis for a particular period of time and there are several factors that impact Bitcoin cloud mining contract profitability with the primary factor being the Bitcoin price.
