How Much Is Bitcoin Worth?
On April 10, 2024, one bitcoin was worth more than $70,000 (at the time of writing its price was $70,665). There were more than 19.68 million bitcoins circulating, giving it a total value of over $1.39 trillion. This is a stark contrast to its price and market cap one year previous, when there were about 19.35 million bitcoin circulating with a $472 billion market cap.
Key Takeaways
- One bitcoin was worth about $70,665 on April 10, 2024.
- All the bitcoins in the world were worth more than $1.39 trillion.
- The combined value of bitcoin was equivalent to just 0.3% of the world's money.
- Bitcoin was worth only about 7.6% of the world's gold supply.
- All cryptocurrencies combined accounted for about 0.56% of the world's money.
Bitcoin and the Money Supply
To get a sense of how much of the world's money is in bitcoins, we must determine the total amount of money. As it turns out, this is not the easiest question to answer. Such a calculation might take into account dozens of categories of wealth, including banknotes, precious metals, money market accounts, and debt. Luckily, Credit Suisse has already done the work—the latest calculations from the bank resulted in global wealth being $454.4 trillion at the end of 2022.
Assuming that the total wealth growth rate calculated by the bank remained the same over 2023, total global wealth would be about 469.8 trillion, leaving Bitcoin at about 0.3% of the estimated total value of wealth globally.
Market capitalization is considered a controversial metric, especially when applied to cryptocurrencies. Although it's a convenient way to assess the total value of an asset, it is highly subject to manipulation.
Bitcoin vs. Gold
How does Bitcoin compare to gold? After all, some people still consider gold to be the safest of safe haven assets. It is certainly the standard to which other currencies must be compared. The U.S. Geological Survey estimated that about 244,000 tons of gold had been discovered. There are 32,000 ounces of gold in one ton, and the price of gold per ounce was about $2,334.90 as of the market close on April 10, 2024. So, the total value of all gold can be estimated as:
( 244,000 tons of gold x 32,000 ounces per ton ) x $2,334.90 per ounce = $18.23 trillion.
In total, the value of all Bitcoin was about 7.6% of the value of all above-ground gold reserves.
Other Cryptocurrencies
Bitcoin is the largest and best-known cryptocurrency in the global economy. However, it is far from the only one. If we combine Bitcoin with Litecoin, Monero, Ethereum, and all other cryptocurrencies, the total value comes to roughly $2.6 trillion (on April 10, 2024). That was about 0.56% of the value of all money.
Warning
Bitcoin and other cryptocurrencies are highly volatile, illiquid, and vulnerable to slippage and price manipulation. Before investing, make sure you understand the risks associated with virtual assets.
What Percentage of All Money Is Bitcoin?
Bitcoin's percentage of all money is much lower than you might expect. On April 10, 2024, the value of all bitcoins was 0.3% of all money.
What Is the Total Amount of Money Invested in Bitcoin?
The combined value of all bitcoins on April 10, 2024 was about $1.39 trillion.
Is It Worth Having $100 in Bitcoin?
It depends on your outlook, preferences, and whether you enjoy speculating. One bitcoin was worth about $70,665 on April 10, 2024, a significant jump from 10 years previous. That trend may or may not continue in the future.
The Bottom Line
Bitcoin is a cryptocurrency, one of the thousands of new digital or virtual currencies available globally. It can be used as a store of value, a way to exchange value, or as a speculative investment. Its value changes daily, sometimes hundreds of dollars or more, which changes how much global capital is invested in it.
The comments, opinions, and analyses expressed on Investopedia are for informational purposes online. Read ourwarranty and liability disclaimerfor more info. As of the date this article was written, the author does not own bitcoin.
FAQs
Key Takeaways
One bitcoin was worth about $70,665 on April 10, 2024. All the bitcoins in the world were worth more than $1.39 trillion. The combined value of bitcoin was equivalent to just 0.3% of the world's money.
How much of the world's money is in Bitcoin? ›
Key Takeaways
One bitcoin was worth about $70,665 on April 10, 2024. All the bitcoins in the world were worth more than $1.39 trillion. The combined value of bitcoin was equivalent to just 0.3% of the world's money.
How much is Bitcoin worth in total? ›
The live Bitcoin price today is $61,294.00 with a 24-hour trading volume of $45.40B. The table above accurately updates our BTC price in real time. The price of BTC is down -0.02% since last hour, up 6.36% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $1.29T.
How much will I get if I put $1 dollar in Bitcoin? ›
1 USD equals 0.000016 BTC. The current value of 1 United States Dollar is -0.87% against the exchange rate to BTC in the last 24 hours. The current Bitcoin market cap is $1.20T. Create a free Kraken account to instantly convert USD to BTC today.
How much Bitcoin is in total? ›
How Many Bitcoins Are There Now in Circulation?
| Total BTC in Existence | 19,783,118.75 |
|---|
| Bitcoins Left to Be Mined | 1,216,881.3 |
| % of Bitcoins Issued | 94.205% |
| New Bitcoins per Day | 900 |
| Mined Bitcoin Blocks | 855,299 |
For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto's wealthiest person. Despite pleading guilty to U.S. money laundering charges in November, CZ, as he's known, is now worth an estimated $33 billion, up from $10.5 billion last year.
Will Bitcoin reach 1 billion? ›
Jurrien Timmer, Fidelity's global head of macro, has claimed that Bitcoin could go as high as $1 billion by 2038. The prediction is mostly based on Metcalfe's law, which states that a networked financial asset's value is equal to the square of the number of users in the network.
How much is $100 Bitcoin worth right now? ›
Who owns the most Bitcoin? ›
So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.
How many bitcoins are left? ›
According to the Bitcoin protocol, the maximum number of bitcoins that can be created is 21 million. As of March 2023, approximately 18.9 million bitcoins have been mined, meaning there are around 2.1 million bitcoins left to be mined.
If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000.
What if I invested $10,000 in Bitcoin in 2010? ›
In it, a StockTwits user by the name of Charlie Bilello noted that a $10,000 investment in Bitcoin made in July 2010 would have earned investors a $200 mln return. To be exact, a Bitcoin investor who purchased $10,000 worth of Bitcoin in 2010 would have earned $201.56 mln.
How much is $1,000 in Bitcoin 10 years ago? ›
If you had bought $1,000 worth of bitcoin 10 years ago, it would have grown by 7,644% and be worth around $77,443 as of Feb. 14.
Who controls Bitcoin? ›
Bitcoin is not controlled by any single group or person. Instead, it is governed by multiple stakeholders — including developers, miners, and users. Developers write the code that makes Bitcoin run; miners validate transactions; and users put the software to work by trading, transacting, holding, and more.
What is 1 whole Bitcoin worth? ›
Bitcoin's price today is US$59,736.76, with a 24-hour trading volume of $41.48 B. BTC is +1.13% in the last 24 hours.
How much is 1 Bitcoin in real life? ›
Price of BTC today
The live price of Bitcoin is $ 61,150.22 per (BTC / USD) with a current market cap of $ 1,206.95B USD. 24-hour trading volume is $ 43.37B USD. BTC to USD price is updated in real-time.
What percentage of the world owns Bitcoin? ›
How Many People Actually Use Bitcoin? Key Stats
| Figure | Findings |
|---|
| Number of Global Crypto Owners | 420 million |
| Number of Global Bitcoin Owners | 219 million |
| Percentage of Global Bitcoin Owners | 2.74% |
| Number of US-Based Crypto Owners | 67 million |
6 more rowsAug 1, 2024
The limited supply of Bitcoin, capped at 21 million coins, is a deliberate design feature built into the Bitcoin protocol by its creator, Satoshi Nakamoto. There are several reasons for this: scarcity, inflation hedge, network security and economic model.
What happens when Bitcoin runs out? ›
Once all 21 million bitcoin are mined by the year 2140, no new bitcoin will be created. This means miners will no longer receive block rewards for adding new blocks to the blockchain. Instead, their compensation will come solely from transaction fees paid by users.
What percentage of the world is invested in crypto? ›
As of 2024, we estimated global cryptocurrency ownership rates at an average of 6.8%, with over 560 million cryptocurrencies users worldwide.
