How to Calculate Bitcoin’s Market Capitalization
Have you ever wondered about the market capitalization of Bitcoin? The cryptocurrency keeps growing, reaching new all-time highs almost every month. But what is its actual market cap? In other words, how much money is circulating in Bitcoin worldwide? Let’s break it down—it’s very simple.
- Go to https://coinmarketcap.com/currencies/bitcoin/
- There, you’ll find the total number of Bitcoins on the cryptocurrency market: 16,550,475
- Multiply this amount by the current price: 16,550,475 × $4,604.39 = $76,204,841,585 (that’s $76.2 billion)*
This figure is comparable to the GDP of some countries. In the ranking of the world’s largest economies, Bitcoin would take 68th place out of 200.
* In 2014, Bitcoin’s market capitalization was only $5.3 billion.