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Bitcoin market cap exceeds 300 million
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Topic: Bitcoin market cap exceeds 300 million (Read 972 times)
dree12
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Bitcoin market cap exceeds 300 million
February 15, 2013, 10:38:59 PM
Last edit: February 15, 2013, 11:23:28 PM by dree12
#1
For the first time ever, the market capitalization of all bitcoins currently in existence is over 300 million. (NB: right now, it actually isn't, but it was for a brief period of time yesterday.)
The market capitalization is an upper bound on the total size of an economy. For many reasons, the total Bitcoin economy is actually smaller than this; a few include: some bitcoins are lost or destroyed, some bitcoins are dormant and currently unable to be spent, and if all bitcoins were spent immediately the price would drop quite a bit. However, it is an interesting statistic to use when calculating Bitcoin's size. Now, Bitcoin is likely the largest incompletely-backed virtual currency in the world when measured by market capitalization.
From here, what next?
DeathAndTaxes
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Gerald Davis
Re: Bitcoin market cap exceeds 300 million
February 15, 2013, 11:04:07 PM
#2
Correction the BTC money supply valued in USD exceeded $300 million.
Also isn't Bitcoin larger than Linden Dollars?
Can't seem to find a stat later than this one but...
Would indicate the Linden Dollar money supply is valued on the order of ~$30 million USD.
byronbb
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HODL OR DIE
Re: Bitcoin market cap exceeds 300 million
February 15, 2013, 11:16:07 PM
#3
To put in perspective Playboy has a market cap of 258mill and Buffalo Wild Wings 358.
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Re: Bitcoin market cap exceeds 300 million
February 15, 2013, 11:22:30 PM
#4
That's an impressive number, as was reaching 0.25 billion, but considering a good fraction of those are effectively lost/unusable, I'm not sure that's a sign of anything.
dree12
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Re: Bitcoin market cap exceeds 300 million
February 15, 2013, 11:24:25 PM
#5
Quote from: DeathAndTaxes on February 15, 2013, 11:04:07 PM
Correction the BTC money supply valued in USD exceeded $300 million.
Also isn't Bitcoin larger than Linden Dollars?
Can't seem to find a stat later than this one but...
Would indicate the Linden Dollar money supply is valued on the order of ~$30 million USD.
Fixed. That's what I get for using Quora as a source.
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