bubble. Compete with bitcoin just as silver, and to a lesser extent platinum and palladium, compete with gold. This is 750 times the market cap of Bitcoin. This represents 2,000 times the market cap of Bitcoin, but also.5 times the total sum of narrow money. In between those two extremes, weve added many other familiar measures, such as the GDP of California, the value of equities, the real estate market, along with different money supply metrics to give perspective.
Bitcoin gold money sipply comparison
Just as Facebook, LinkedIn and a handful of other websites or apps dominate social networking, it is possible that the incumbent currencies like bitcoin and ethereum could continue to dominate cryptocurrencies as well for the simple reason that they have large networks of users who. Analogous network effects could work to bitcoins advantage. . Apples monetary value is 18 folds the Bitcoin market capitalization. Drawdowns of such magnitude do sound crazy yet investors still allocate funds to other markets which eigene app geld verdienen have experienced large drawdowns. On July 19, 2010, a bitcoin was worth.08. . Rather, investors perceive them as being risky investments. Even during the 14 years prior to the 2008 financial crisis, the Federal Reserves balance sheet, one of many proxies for the amount of money in the system, grew.6 percent per annum. . The difference being, of course, that few investors would argue that stocks and crude oil are stores of value. . Where a currency falls on the store of value versus medium of exchange spectrum influences its usefulness as a unit of account and a standard of deferred payment. An inherent tension exists between the two major purposes of money. . At a Glance, bitcoin has grown 6 million percent since its launch. If one assumes that there will be 21 million coins in existence by 2140, that means that their aggregate present value comes to 120 billion. .
The monetary value of giants like Amazon (402 bln) and (Apple 730 bln) is equivalent to the GDP of much bigger economies like Nigeria and the Netherlands, respectively. While bitcoin has delivered its holders spectacular, if highly volatile returns, whats most amazing is how little its worth, even at 5,800 per coin. . Bitcoins mining supply grew at an infinite pace in 2009 when the currency burst into existence. . Narrow money is a category of the money supply that includes all physical money like coins and currency, along with other liquid assets held by the central bank.