Author: Tristan Greene, CoinTelegraph; Compiled by: Deng Tong, Golden Finance
Bitcoin remained stable over the weekend, with a current value of $66,500 as of publication on March 4, on the verge of reaching an all-time high in the United States level. The dollar peaked at $68,991.
This brings the total market capitalization of Bitcoin to $1.31 trillion, which is higher than all Swiss francs in circulation About $1 billion. In fact, if Bitcoin were a fiat currency, it would rank 13th in the world by market capitalization.
As of the time of publication, according to The number of Bitcoins in circulation is reported to be 19,644,462. Bitcoin has a technical limit of 21 million, but due to the way mining rewards are calculated, it is unlikely that it will ever be 100% mined.
It’s impossible to predict Bitcoin’s future price, but a quick look at Bitcoin’s current price, which is hovering near previous all-time highs, can provide a full picture of Bitcoin’s global impact.
There was a time when 10,000 BTC could only buy a few pizzas. Today, one Bitcoin can buy nearly 1,000 shares of Papa John's, the fourth-largest pizza chain by market capitalization and home to Laszlo Hanyecz's famous pizza.
At current market value, A holder of 10,000 BTC in the portfolio would have approximately $666.4 million , technically speaking, its global purchasing power is greater than that of 97 countries.
Source: CoinMarketCap
This meansThere are only 12 fiat currencies in circulation sufficient to purchase all available Bitcoin.
The Chinese yuan leads the world with a market capitalization of 620,521,346 BTC, followed by the US dollar with a circulating supply worth 597,177,334 BTC.
Things have declined rapidly since then, with the total market capitalization of the euro being worth only about 242 million Bitcoins.
In the long run, There are currently approximately 2.7 trillion Icelandic krona in circulation. This is only enough to purchase around 80% of the world’s existing supply of Dogecoin. On the other hand, if Iceland wanted to centralize all its krona into Bitcoin, it would only be able to lock up about 1.5% of the current total supply.
Furthermore, If the price of Bitcoin reaches 100,000 per coin The U.S. dollar, based on its current ranking, is likely to be somewhere between seventh and eighth on the list of top fiat currencies by market capitalization, between the Indian rupee and the Canadian dollar.
Based on one million U.S. dollars per coin, Bitcoin’s market value would be slightly less than 21 trillion U.S. dollars. At this hypothetical threshold, Bitcoin’s cap would exceed that of any other fiat currency except the Chinese yuan and the U.S. dollar.
In September 2022, the number of cryptocurrencies exceeded one million for the first time, reaching 1.15 million by the end of the year, a year-on-year increase of 159.2%. By the end of 2023, the number of cryptocurrencies increased by 72.3% year-on-year to 1.98 million.
JinseFinanceWhile Tesla is the most familiar name among the world's largest corporate buyers, several companies have accumulated larger amounts of Bitcoin, causing their stock prices to soar last year. With the exception of Japanese video game publisher Nexon, the vast majority are in North America.
JinseFinanceParadigm said that similar to data reported by Grayscale late last year, it found that 19% of U.S. voters purchased cryptocurrencies.
JinseFinanceHalving is one of Bitcoin’s most successful memes. Its simplicity is stunning, its aesthetics mesmerizing, its candidness contemptuous, and its power surprising.
JinseFinanceIf you, like me, believe in the long-term vision and value proposition of Bitcoin, and are prepared to take calculated risks and commit to the long term, you may find an opportunity to realize your financial aspirations with this breakthrough technology!
JinseFinanceOver 50% of cryptocurrencies have died. Since 2014, 14,039 of the more than 24,000 cryptocurrencies listed on CoinGecko have died.
JinseFinanceMicroStrateg was founded nearly 35 years ago, and for much of its history it was a little-known software company focused on business intelligence. MicroStrategy's investor appeal comes almost entirely from Bitcoin.
JinseFinanceAccording to a report from CoinJournal.net, 2022 left 73% fewer Bitcoin millionaires than the year before.
BeincryptoAs of September 27, the number of Bitcoin holders has been growing in the last year, adding over 4.5 million new holders.
FinboldWhile the Bitcoin blockchain is public, knowing who owns the most Bitcoin in 2022 isn’t as simple as it should be. Here’s what we know.
Cointelegraph