Bitcoin market cap exceeds 300 million

dree12

legendary

Activity: 1246

Merit: 1077

Quote from: DeathAndTaxes on February 15, 2013, 06:04:07 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.

Fuzzy

hero member

Activity: 560

Merit: 500

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.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

To put in perspective Playboy has a market cap of 258mill and Buffalo Wild Wings 358.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

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.

dree12

legendary

Activity: 1246

Merit: 1077

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?

Topic: Bitcoin market cap exceeds 300 million (Read 974 times)