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

Bitcoin Supply, Price and Market Capitalization

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

Market Disruption

Source

Date Last Updated

May 31, 2018

Leave a comment