Nov 17, · Bitcoin is close to reaching its all-time high value in total market capitalization terms as well. In , when Bitcoin almost touched $20,, the entire supply was million. Since then, its supply has increased to million from continuous mining. Therefore, BTC’s market cap is closer than its per BTC unit price to an all-time high. rows · Dec 17, · Go back in time. View a historical snapshot of all active cryptocurrencies on . The Bitcoin market capitalization increased from approximately one billion U.S. dollars in to several times this amount since its surge in popularity in Bitcoin use among consumers While.
Bitcoin market capitalization 2017• Bitcoin market cap | Statista
Unique cryptocurrency wallets created on Blockchain. Average Bitcoin transaction confirmation time This feature is limited to our corporate solutions. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Try our corporate solution for free! Single Accounts Corporate Solutions Universities. Popular Statistics Topics Markets.
In December , the Bitcoin market cap reached an all-time and had grown by over billion U. The market capitalization currently sits at more than billion U. Market capitalization is calculated by multiplying the total number of Bitcoins in circulation by the Bitcoin price. The Bitcoin market capitalization increased from approximately one billion U. Bitcoin use among consumers While its market capitalization grew at an unbelievable rate from to , the public is only slowly becoming aware of its existence.
As many as 25 percent of Americans were still not familiar with bitcoin and as of While there are over 18 million bitcoins in circulation , there are only 6, Bitcoin ATMs around the world. Bitcoin prices What makes a bitcoin different than traditional currency is that it is decentralized and no single institution or bank controls the bitcoin network. It is also unique because an account is easy to set up and it is completely transparent. The bitcoin price index the average bitcoin price across leading global exchanges has also increased significantly since its creation, rising from U.
Market capitalization of Bitcoin from October to December 13, in billion U. Loading statistic Download for free You need to log in to download this statistic Register for free Already a member? 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? And despite the reluctance expressed by the SEC at the time, a number of firms have filed to create bitcoin ETFs, with a particular focus on funds tied to cryptocurrency futures.
If there was one phrase to define the period between May and September of this year, it was this: a new all-time high for bitcoin. Perhaps one of the most noteworthy developments was the entry of major Wall Street analysts to the bitcoin price-watching game. If is any indication, all bets are truly off.
Balloon image via Shutterstock.