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Board Beginners & Help
Re: Bitcoin value analysis
by
HZKto
on 16/12/2013, 20:51:52 UTC
Marketcap as of 12/16/2013 (rounded): marketcap_BTCUSD = #coins * #BTC/USD = 12*10^6 * 800 = 9.6B$.

This is very roughly 1% of the money supply (M0) of the EU or US, or perhaps 0.05% of global money supply.

I am not sure if it is correct to compare marketcap vs money supply, because you cannot sell all bitcoins at stock price. Once you will start selling - it will go down fast.