About Bitcoin SV. Bitcoin SV price today is $ USD with a hour trading volume of $,, USD. Bitcoin SV is down % in the last 24 hours. The current CoinMarketCap ranking is #13, with a market cap of $3,,, USD. Aug 17, · How bitcoin's market cap compares with other assets. Bitcoin has witnessed its market cap, based on the 16,, mined coins per WorldCoinIndex, expand to . About Bitcoin Vault. Bitcoin Vault price today is $ USD with a hour trading volume of $21,, USD. Bitcoin Vault is up % in the last 24 hours. The current CoinMarketCap ranking is #, with a market cap of not available. The circulating supply is not available and the max. supply is .
Bitcoin market cap vs usdBitcoin Market Cap: ₿uy the Dip and HODL
The Supply of Bitcoin is perfectly inelastic vertical Supply curve. Supply increases by The Demand for Bitcoin is a Demand for Money. Where Google Finance prices are unavailable, prices are taken from Bloomberg. Not pic. Bitcoin versus Precious Metals. That is half a million dollars for Europeans confused by the comma sign. This is an old but a good tidbit on this subject:.
TheStalwart barrysilbert pic. Bitcoin now has a larger market capitalization than silver, twitter and Dropbox — Thanks for the data bravenewcoin pic. It was pointed out to Dixon that he was selling snake oil. He did not correct the false information he distributed, which is a worrying trait. BambouClub SimonDixonTwitt bravenewcoin 2. Last word on Bitcoin and Gold. Bobby Lee makes some interesting observations about the mining of Bitcoin and Gold in China. How do you measure the market cap of a currency?
What Europeans call current accounts. It excludes less liquid, broad money, notably money held in time-deposits savings accounts. Bitcoin Money Supply was 41 in global rank on 1 Jan Now USD M1 changes over time. Usually, it grows — much more quickly than the supply of Bitcoin measured in BTC — and, very rarely, decreases. The MS for Bitcoin presently is It will rise to a maximum of 21 million. You know the story, the best-performing currency in , , , , A Reserve Currency is a one that is held in significant quantities by governments and institutions as part of their foreign exchange reserves.
Reserve Currencies are normally considered to be hard or safe-haven currencies. Source: IMF. MS of Bitcoins vs. Plus Gold, CNY.
EUR excluded. That could happen in the next one or two years. This is important — status as a Reserve Currency creates a significant additional demand for that currency independent of other sources of demand, such as for payment and for investment.
So if the Pound Sterling was not a Reserve Currency, for example, its international buying power would be much weaker. Plud, Gold, China, Bitcoin. Can bitcoin reach world reserve currency scale? Finally, it is evident from the MS table that something very interesting is happening in Switzerland. The minority who opposed SegWit2X were bitcoin miners who were opposed to smaller transaction fees.
We've also witnessed discernable weakness in the U. A weaker dollar helps promote foreign exports. Unfortunately, it comes at the cost of devaluing Americans' currency, which investors tend not to like. Normally when the dollar devalues, investors seek the safety of gold, which is a finite resource and a perceived store of value. However, since bitcoin has protocol built in that allows for only 21 million coins to be mined, it, too, is perceived as a finite resource and has been a safe-haven source for investors.
It's also hard to deny that momentum has played a role. This writer has seen a marked increase in advertisements for investments in bitcoin online, and the allure of the pace at which bitcoin's value is rising has likely drawn in new money.
Investors should also understand that bitcoin isn't a traditional "investment" like we see in the stock market. It can be bought and sold, but only a few exchanges allow users to "short-sell" bitcoin and bet it goes down.
This could be influencing its rising price as well. This gives you some idea of just how far this cryptocurrency has come in such a short amount of time. Let's take a look. News outlets have been particularly diligent in pointing out how bitcoin's value is leaving gold in the dust.
But, it's gold that could still mop the floor with bitcoin if we compare the two based on market cap. According to a report from Thompson Reuters GFMS, it was believed that , tons of gold had either been mined or was still in the ground. Since there are 32, ounces per ton, we're talking about 5. That's more than times the market cap of bitcoin at its all-time high!
It's also worth pointing out that numerous reports exist on the world's total gold supply, and some suggest as much as 2. Long story short, bitcoin still has a very long way to go to truly catch gold. According to data compiled by SiblisResearch. In fact, the largest U. Through Friday, Aug. Admittedly, nearly all of this cash is being held in overseas markets, because Apple doesn't want to be taxed for the repatriation of this cash.
Would Apple do such a thing? Not a chance. It's focused on returning cash to its shareholders and reinvesting in new technologies. Lastly, let's take a look at how bitcoin stacks up next to the currency it'd ultimately like to make go extinct -- the U. According to figures from the St.
The monetary base has increased more than fourfold from the Great Recession, and it's currently about 55 times larger than that of bitcoin, even after bitcoin's enormous run. Despite its recent strength, this writer continues to believe that avoiding bitcoin is a smart move.
Without true fundamentals to analyze, deriving a fair valuation on bitcoin is difficult to ascertain.