Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More

[BADecker]

Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More

An interesting article on HowMuch puts the Bitcoin phenomenon into proper perspective.

Google founder Larry Page's net worth beats bitcoin's entire market cap. Microsoft founder Bill Gates's net worth is double Bitcoin.

Please consider The Bitcoin Economy, in Perspective.

Last year, Bitcoin became more stable than gold, and earlier this year, the price of a Bitcoin surpassed that of an ounce of gold for the first time. Currently, all the bitcoin in the world is worth $41 billion. If that amount is hard to grasp, just think of it as one Larry Page – because $41 billion also happens to be the net worth of the guy who co-founded Google with Sergey Brin.

Bill Gates, the richest man in the world is worth $86 billion, or the net worth of Larry Page and Bitcoin combined – with enough change to buy the L.A. Lakers, the Toronto Maple Leafs, the Chicago Cubs and the Solomon Islands (not a sports team, but an entire country).

Money, of course, is fiduciary, which means it only has as much value as the trust we place in it. The same goes for gold: it derives its value solely from its rarity, combined with its desirability. The current world supply of mined gold is around 171,300 metric tonnes, which could be molded into a cube with sides of about 68 feet (20.7m). Its total value? Currently around $8.2 trillion. Or about 200 times the total value of Bitcoin.

Read more at https://mishtalk.com/2017/06/22/bitcoin-in-perspective-bill-gates-worth-more-gold-200-times-more/.

[OROBTC]

...

As mentioned in another thread, BTC market value does not correlate well with other kinds of measurements, other than indicating scale and growth, both of which are imperfect but give SOME idea of where BTC is at.

Continued figures offered by our community will likely clarify things even more in the near future.  I hope!

EDIT: This shows how much BTC and cryptos can grow...

[Nagadota]

The difference is that Bill Gates could actually get a significant portion of that money out in a pinch.  Market caps for currencies, especially Bitcoin, are largely meaningless in this case because in reality a few billion would absolutely throw BTC off a cliff at this point.

What people need to recognise is that we're deep in the innovator phase of the adoption curve, at the very least in terms of money.

Just goes to show how much upward potential blockchain technology has when its real applications (not current ICO hype)become more apparent.

[Yakamoto]

The fact that the image lists "All money" as just $83.8T when there's easily more than a few hundred trillion in "money" (debt) that exists within the world makes me want to bring a lot of their other comments into question, but they are right that Bill Gates and gold are worth far more than Bitcoin if you're looking at the raw numbers. There's no denying that. But at the same time it shouldn't be surprising since gold is well established and Bill Gates made a lot of money over decades and Bitcoin is just nearing 10 years old.

[-ck]

Bitcoin has been around 8 years establishing its worth. How do the others compare considering how long they've been around?

[digaran]

About that, where is Bill Gates money really? in company shares? in gold savings? in banks? in lands? in cash? if they can manage to have a simple hard drive with less than 150GB of storage space and then claiming their $80-$120B could fit and be stored in it.
Beat that biatches, extra lol.

[SingAlong]

Bitcoin has been around 8 years establishing its worth. How do the others compare considering how long they've been around?

Also when we talk about the potentials of Bitcoin over Gold then it really has its edge and can surpass Gold. That really depends on how users trust Bitcoin and its scalability. Also in different angles, you can do a lot of thing with Bitcoin compared to Gold and it is easier to acquire.

[BADecker]

Besides, when Bill Gates was 8 years into his career, he wasn't worth near what Bitcoin is.