Bitcoin Supply, Price and Market Capitalization

Proof Point

Bitcoin (BTC) most popular cryptocurrency with $138.4 billion in market capitalization as of May 18, 2018

Jun 2010 – May 18, 2018 (millions, US$, and US$ billions)

Proof Point Findings

History – Bitcoin network launched in January 2009 through release of first open source client and issuance of first 50 BTCs, mined by Satoshi Nakamoto
Current Trading – As of 18 May 2018, BTC price is at $8,124.54, with market capitalization of $138.4 billion and volume of 17.04 million coins in circulation
Bitcoin Supply – Estimated at almost 19.7 million by 2024, with total coins to be mined expected to not exceed 21 million
Key Growth Drivers – Include proliferation of cryptocurrencies, increased consumer adoption, expanding applications (e.g. trade and investments), and growing number of merchants accepting different types of cryptocurrencies

Accelerator	Web3 Ecosystems, Tokens and Consensus Mechanisms
Market Disruption	New Payment Technologies
Source	"Bitcoins in circulation," Blockchain Luxembourg S.A., https://blockchain.info/; "Market Capitalization," Bitcoin.com, https://www.bitcoin.com/; "History of bitcoin," Wikipedia, https://en.wikipedia.org/; "History of Bitcoin," History of Bitcoin, http://historyofbitcoin.org/; "Bitcoin Price," Bitcoin.com, https://www.bitcoin.com/; AcceleratingBiz analysis
Date Last Updated	May 31, 2018

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Related Briefings

Indian consulting firm InfoSys launched three blockchain distributed applications for government services, insurance and supply chain management

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London-based Nickel Asset Management raised $50 million for first U.K.-approved crypto arbitrage hedge fund

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