How Much Money Is In Crypto, Anyway? Well, Larry Page's Net Worth Is Just About The Whole Bitcoin Supply
According to a beautiful (yet somehow scary) infographic published by HowMuch.net the total supply of cryptocurrency is equivalent to $100 billion dollars. That's somewhere between Amazon net worth (yes, that Amazon) and Bill Gates' net worth (yes, that Bill Gates).
Of all the crypto portfolio, Bitcoin, at around 40% market domination, holds around $41 billions, which happens to be the net worth of Google's co-founder, Larry Page.
image courtesy to HowMuch.net
This infographic is important not only because it clearly shows the shift that's happening in how the world understands money as a store of value, but also because it puts in perspective some other nice little details. Such as:
- two Apples combined would worth the total amount of dollars in circulation
- the total market cap of all altcoins is now bigger than Larry Page's total net worth
- if Amazon would spend 25% of its net worth, it could get a very strong hold of the entire cryptocurrency market (if there will be enough people selling obviously).
For more interesting facts about world's money, here's the link to the original article.
Oh, and if you're wondering how much of Steem supply you're holding (and are bound to receive as a result of your blogging in the next 7 days) there's always steem.supply.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
This really puts things in perspective. I've added STEEM to the graph just for fun ;)
The Steem sphere is to scale.
Thanks for the input. You are so right putting Steem there, because that's the place form where the biggest growth is to be expected. These are the real winners, with 10x growth, for those who lost the Bitcoin or Ethereum train.
Yep, the tininess of our little sphere clearly shows the we have a lot of room to grow into and looking at where bitcoin and all cryptos are actually situated, I think they still haven't reached their ceilings.
The fact that we can't really read anything on the image and we can't click to enlarge it shows that the Steemit interface needs a bit of work ;) Here's "our" part zoomed in:
I believe we are on an exponential curve, so there is a lot of growth potential.
Agree :)
Crypto space got huge potential to grow... we are just about one person's wealth...i guess $500 Billion is not far away.
Very interesting. Imagine if Bill Gates buy some bitcoin. He said it is unstoppable, so he must like it
I wouldn't doubt if he did. Seems like a no brainer with such a net worth. Microsoft is heavily invested in Ethereum which is not too far away from Bitcoin at 71.4% flippening
http://www.flippening.watch
I think he already owns some Bitcoin ;)
kinda love the way you handle business, nice post, information and then boom a link to the super useful app you wrote. btw, awesome job on the touch up/tweaks. those column numbers look sweet now.
Thanks :)
Ineresting facts as usual from @dragosrua, thank you! It also shows that there still is a lot of money in the historical favourite gold!
Yes, gold is now 200x of all Bitcoin. Still a long way to go.
Old money does not move very fast... ;-)
They didn't put a bubble for derivatives. (which dwarfs all the rest)
Further, they didn't put a bubble for illegal drug market cap.
Then we would see that bitcoin is not being utilized for the drug trade. It is no where near big enough.
BTW: All the big banks are in on money laundering for illegal drugs. They are the only ones big enough to flow that kind of cash. And many big banks have already been fined for such illegal activities.
Spot on for derivates. And also thanks for the last bit about banks. ;)
The size of the derivatives market is actually mind-boggling. But are they really money?
I think the real market cap now is less then 100 billion. The reason for that is high spread and volatility. Recent Ethereum crash has proven that cashing out $300 million (1% of the cap) can drop the price by 15%. Therefore, I assume that the real amount of cash is 10 times less.
10% times less is a lot less. I don't think so. It's normal for the value to fluctuate based on supply and demand. But if you also "price in" the sentiment, extremely bullish, I think there's more hands coming in than cashing out, hence, the value remains strong.
Great information and your steem.supply tool is awesome!!! Up-voted and re-steemed.
Thank you! If you like steem.supply, I will appreciate voting for my witness, it will help maintaining the project live and further development.
Thanks, nice.
At the same time the proportions of the balls are incorrect, as is usually the case with pop-infographic. It would be cool to see similar data with real proportions.
Yes, this reminds me of those cool solar system visualizations, where Jupiter gets just 5 times bigger than Earth (although in reality it's 11 times).
[edited, sorry misunderstood at first] There is one site. I`ll try to find the link.
Yes, I agree. And yet the case of the planets is all much more complicated:
I paid attention to the dimensions, cause when we deal with infographics describing the capitalization, it is quite realizable. I do not understand why not to do so))