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by darkmethod
4847 days ago
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I'm trying to get perspective on the size of the bitcoin economy. As far as I can tell, there are 10.86m Bitcoins in existence at the current market rate $40.05. [1] That means there are almost $430m in "circulation". According to the federal reserve 1.17trillion USD currency is in circulation. [2] USD: $1,170,000,000.00 BTC: $0,000,430,000.00 0.0367% Not a perfect comparison, I realize that. It is more of a rough estimate. [1] http://www.bitcoincharts.com [2] http://www.federalreserve.gov/faqs/currency_12773.htm |
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