How much money are in the World? - page 6.

cyberkuto

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Quote from: BitcoinFrik on December 11, 2017, 05:00:31 AM

How much money are in the world? And how much money can Bitcoin be worth? in comparation to that.

That is something that cannot be calculated. We cannot pin point bitcoin total funds. But in case both are being combined, it could have been counting forever.

snkneo

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It's hard to say really, if we take somebody like Bill Gates, sure he's estimated to have 92.6 billion dollars, but that's because he has a lot of Microsoft stock. If he tried to sell all then the stock would plummet way down. So his worth is essentially a number, just like most of the richest people in the world.

scoin9

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You all know that even the most accurate census is an estimate of what we feel is the correct value, we cannot know exactly how much money is in the world but we can try getting an estimate I think same way we have an estimated population of the world which is an approximate amount of people not the exact amount. Let's just add all the money from every single bank in the world, then add the approximate the amount of money that we feel isn't in banks, then we can add the total Cryptos available multiplying them by their dollar value , we may just be close...

squog

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Quote from: fiulpro on December 11, 2017, 06:55:57 AM

There is 80 trillion dollars in the world according to the reports.

We cannot pin point the bitcoins money but the money in the cryptocurrency market is 100 billion dollars and we all know who dominates it

none other than bitcoins well so ots safe to assume that 90 billion dollars is floating around in the bitcoins market.

Also the money isn't infinite, government can't print money as much as they want if that was the case then no one would have been poor.. after years everyone would have gotten huge sums of money and money itself would have became worthless.

Well if that is true then crypto currency can easily dominate fiat when it comes to actual value. But then again, are these nunbers on fiat include all the money on everyone's accounts? Does this include lost treasures in the ocean? Will these account for all the precious metals and gems? What about art? I mean. If we're just talking about then there it is, but what about others?

jonval21

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I love the Cryptocurrency world

we dont know how much money are in the world. but what i can say is alot of money and every day each contry print more and more money with no control.

zakariajaki

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I agree with you when it will seem a little bit of money and money that can be realized in the form of bitcoin, seemingly seen less money and bitcoin will be an alternative form of future investment, my opinion sooner or later bitcoin will be the center of public attention on form of savings beyond the property of money and stock, and the wider our knowledge and the sooner we know crypto will be the better we follow the development of the era, may be useful and successful for all of us

mostkey

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Only the world bank can know the amount of money supplied in the world, and what I predict. Less than 20% of the money goes to bitcoin, as there are still many large investors who do not believe in investing in crypto currency / digital assets

gambitcoin53

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silly but interesting question, if we are to count the money in the world is impossible, in the circulation and for printing, but if we can compare bitcoin with fiats, we cannot say bitcoin levels with it, fiat is far more than bitcoin. even all cryptocurrencies added up, still fiats are more then those, but if we are talking about the ratio of exchange, obviously bitcoin is far more than fiats. the statistics are just my estimation though.

Nikola95

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Quote from: mayo2u on December 11, 2017, 01:19:06 PM

Quote from: BitcoinFrik on December 11, 2017, 05:00:31 AM

How much money are in the world? And how much money can Bitcoin be worth? in comparation to that.

It depends upon what you consider money. Money is different from wealth.

The US economy generates about 20 trillion in wealth a year. Say the rest of the world produces another 40-60 trillion. However, the value of BTC is not tied to how much capital there is in the world; nor how much wealth there is in the world. It's based upon how valuable BTC is perceived as a means of exchange and wealth storage as opposed to other options.

There are real dangers in storing your funds in BTC that cannot be avoided. Bitcoin requires a functioning world economy, a functioning electrical and telecommunications network. For example war which destroys electrical systems destroys your ability to access your funds. And, there are many other problems. BTC will never be equal to the world's wealth - even if BTC becomes the defacto payment method and money storage medium.

And what about the war which destroys infrastructure, and food stop coming to your city? What would you do with your paper money ? Eat it. Catastrophy is catastrophy, and it affects any kind of money.

DosPower

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A simple Google search would give you the answer. With all the countries combined, all the money in the world equals 80 trillions dollars. So Bill Gates has around 0.000125% of it per may calculations.

Dudeperfect

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Well, if you are looking for the figure of actual money (let's say physical money) then it is somewhere around 36 trillion dollars but if you are also calculating the entire money including the money which is in the liquid form then the total amount is more than 90 trillion dollars. On the other hand, there are more than 16 million Bitcoins mined already that means now just 20% Bitcoins remains to be mined.

MyEtherPony

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Good question! Fiat is an unlimited supply, exploration in gold supply is increasing, fiat is no longer tied up with gold in any way. One thing for sure, it's gonna keep increasing! Bitcoin is limited supply, hard fork is breaking the rules!

Arlibtchunt2018

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Quote from: BitcoinFrik on December 11, 2017, 05:00:31 AM

How much money are in the world? And how much money can Bitcoin be worth? in comparation to that.

If we talk about money all over the world in comparison how much the price of bitcoin can reach is a different comparison. Bitcoin is different from FIAT and FIAT is different from bitcoin. But you can use both to exchange for the others. This way they will blend in harmony.

thevlox

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If you world of the money with one, and calculated was so you can find out that the whole world in how much have the money. It really is not possible. Really a lot of funny.

amih

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Quote from: BitcoinFrik on December 11, 2017, 05:00:31 AM

How much money are in the world? And how much money can Bitcoin be worth? in comparation to that.

this is a very complicated question to answer about how much money circulates around the world because of course it takes a very accurate study because Not everything that can be calculated can be summed and not all the important things can be counted. to calculate the amount of money circulating in the world, of course, there must be a measure of the boundaries of its definition because in the current era of modernization the definition of money is not just paper or metal in general and there are other forms that can be categorized as money, among others, gold and bitcoin . and BitCoin's worldwide circulation system is recorded by the blockchain algorithm that makes the bitcoin so transparent.

bgaf

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Quote from: BitcoinFrik on December 11, 2017, 05:00:31 AM

How much money are in the world? And how much money can Bitcoin be worth? in comparation to that.

Why bother asking if how much money in circulation nowadays? One thing is for sure, Bitcoin has a limited supply thus fiat money is way bigger in comparison to the total amount of bitcoin not unless if bitcoin will reach trillion dollars a piece.

Bugsbey

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Quote from: Mometaskers on December 11, 2017, 11:54:08 AM

I remember also looking this up before and got different answers. The thing is, money just keeps being added to the system so it's not always easy to even have an estimate. That's one thing people are pointing out as an issue with fiat.

As for the amount of "money" in bitcoin in comparison to fiat, it's really about the demand. It'll get whatever portion of fiat people are willing to pay for it.

Counting how much money the world have is so hard. But anyway that is not necessary to do. What is important is counting how much money do we have. Is it enough for our family's future?
When it comes to fiat money and bitcoin, they are just connected with each other. We cannot fully use bitcoin if it is not converted to fiat money. And I think that fiat money has greater amount than bitcoin.

Tiktik

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Quote from: BitcoinFrik on December 11, 2017, 05:00:31 AM

How much money are in the world? And how much money can Bitcoin be worth? in comparation to that.

I dont know all about thay but i can say that unlimted if goverments want to build a money and we don care about some govwrments says bitcoin is a scam but the money is a scam also it is a paper only you can destroy it but money will change a lot of people.

19faraon88

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I think only in Trillion Dollar money in the world. I said this because, as per survey the Most richest man in the world only have Billion Dollar.

dogz12

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Quote from: BitcoinFrik on December 11, 2017, 05:00:31 AM

How much money are in the world? And how much money can Bitcoin be worth? in comparation to that.

There are 21M bitcoins to be mined and its current price is less than 10K, well you do the math pal. The total amount of fiat money is way much bigger if we compare it to the total amount of bitcoins.

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