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A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Bitcoin Market Cap - why does no one seem to account for the alleged 4 billion lost Bitcoins?
So obviously Bitcoin market cap is calculated by multiplying Bitcoins currently in existence and current Bitcoin price General consensus is that current Bitcoin market cap is around 200 billion, seeing as 18.5 million bitcoins have been mined and current price is roughly 10,500 per BTC. But supposedly 4 million Bitcoins have been lost and are unrecoverable, which should make the current outstanding number of Bitcoins ~14.5 million which, when multiplied by $10,500, gives us a market cap closer to 150 billion. This seems to be a significant enough discrepancy that it would be worth noting, but no one quotes the market cap accordingly. Why is this?
Bitcoin 940 days new high.....Bitcoin longest streak above $10k mark.... Bitcoin market cap above $250 billion...... Singapore's major bank is launching cryptocurrency.....Indian bank launching cryptocurrency to 34 branches
So many positive news coming today, I don't know how to react even I am so happy so I summarized all the top news today
Bitcoin 940 days new high: Last time we have seen bitcoin above $13750 on 20 January 2018
Bitcoin longest streak above $10k mark: The undisputed streak is still going and making me feel like $10k as a major support
Bitcoin market cap above $250 billion: Currently BTC MC is $254 billion, sitting at no.19 passed Verizon
Singapore's major bank DBS is launching cryptocurrency: On offer for trading against the Singapore dollar, the Hong Kong dollar, Japanese yen and U.S. dollar will be four top cryptocurrencies: bitcoin, bitcoin cash, ether and XRP.
Indian bank launching cryptocurrency to 34 branches: UNICAS will allow United account holders to integrate cryptocurrency wallets directly with their accounts. Customers will also be able to directly buy Bitcoin, Ether, Ripple and Cashaa (CAS) by paying either in cash or directly from their account.
Bitcoin 940 days new high.....Bitcoin longest streak above $10k mark.... Bitcoin market cap above $250 billion...... Singapore's major bank is launching cryptocurrency.....Indian bank launching cryptocurrency to 34 branches (x-post from /r/Cryptocurrency)
Countries are pushing towards going cashless, that means every street drug dealer will end up using bitcoin. Illegal drug market is valued at $360 billion. Bitcoin's market cap would need to double to handle this.
Think about it, digital dollar is coming, other countries are pushing to get rid of cash too. Some of it is to push to get tax money, other reason is to push negative interest rates, among other reasons. There way more black market transactions that just drugs, but drugs alone is valued at $360 billlion. Bitcoin would need to double to handle that. Meaning price will go up at minimum +100% I know this isn't the best reason for bitcoin to go up, but the underlying economics of it still hold true.
From my understanding, market cap price is quantified by the amount of bitcoin out in the wild- which I get, but is this not taking into consideration the amount of forever lost/Satoshi's stash? If these parameters aren't included in the market cap, wouldn't the actual market cap be much higher?
Bitcoin market cap will match JPMorgan’s if the $16.5K CME gap closes
This post was originally published on this siteThis post was originally published on this siteThe sentiment around Bitcoin (BTC) has become noticeably positive after the breakout above $12,000 in August. If this momentum continuously strengthens over the medium term and BTC hits $16,500, it would equal JPMorgan’s market cap. Earlier today MMCrypto, an on-chain analysis firm, outlined major financial and tech conglomerates’ […]
Wie Krypto-Influencer @Rhythmtrader via Twitter herausstellt, hat die Realized Market Cap am 31. Januar ein neues Allzeithoch von 103 Milliarden US-Dollar erreicht. Bitcoin's realized cap just made a new all-time high of $103B. Instead of marketcap, realized cap is calculated by taking the value of all coins at the price they last transacted on ... Bitcoin’s value adjusted for this market cap will give us $166,000 per bitcoin. Again, this doesn’t take into consideration the exodus of money from shitty projects into quality projects we listed above including Bitcoin. $1000 invested at the current market cap will be… Every thousand dollars invested in Bitcoin at the current prices could be worth $2857 at a $1 trillion market cap ... The market value of all Bitcoin Core (BTC) in circulation. Market Capitalization = (Price of 1.0 BTC) x (Total bitcoins in circulation) Similar to the way the Market Capitalization of a company reflects the perceived worth of its business, the Market Capitalization of Bitcoin Core (BTC) reflects the perceived worth of Bitcoin Core (BTC) as a value network. It's also an important metric for ... The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price. $0.00. 0.00%. 24hr Volume. Volume is defined as the number of digital coins that have been traded within the last 24 hours. $0.00 . 0.00%. Bitcoin. BTC. $0.00000000. 0.00%. Bitcoin Cash. BCH. $0.00000000. 0.00%. I want to buy. Bitcoin. BTC. I want to spend. USD. For ... The Bitcoin market cap is hovering at roughly $211 billion currently, but four years earlier, it was a meager $6.8 billion. This figure matches the BTC supply public companies now hold alone, and it could provide the “writing on the wall” regarding what to expect in terms of the asset’s future growth.
BITCOIN $100,000🚀 Is a 2,100,000,000,000 MARKET CAP ...
Why the market capitalization of Bitcoin will get superseded and overtaken by a Blockchain Altcoin / Platform Token. Join Altcoin Buzz Bitcoin Trillion Dollar Market Cap Defi Still strong Zilliqa Launches ZilSwap Introducing XSGD — the Singapore Dollar-backed and Tr... Bitcoin ( BTC ) has recently seen ample interest from a number of mainstream companies and persons, such as billionaire hedge funder Paul Tudor Jones . This ... We've got our eyes on #Bitcoin this week! See how the oldest of cryptos is holding up. He's has seen his share of contenders, but will he stay at the top for... We are one day closer to a Bitcoin $1trillion market cap! There have been a lot of bumps, pumps, dumps, and noise on the road to $1trillion (and there will b...