If Bitcoin were a nation…

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Bitcoin’s average price over the last 12 months is ~$38,800. Bitcoin creates ~330,000 new bitcoin each year, worth ~$12.8 billion over the past 12 months.

If Bitcoin were a [nation](https://www.worldometers.info/gdp/gdp-by-country/), and new bitcoin were its GDP, then Bitcoin is at #126, pushing down Mozambique and falling right behind Albania.

Bitcoin’s average market cap over the last 12 months is ~$740 billion.

If Bitcoin were a [nation](https://en.wikipedia.org/wiki/List_of_countries_by_total_wealth), and its market cap was considered its total wealth, then bitcoin would fall between Romania and Finland, at #45.

Bitcoin’s Wealth to GDP ratio would be 5.78, putting it at #2, between Hong Kong and Italy.

Bitcoin’s percentage of world wealth, given these metrics, is 0.18%, tying it with Chile, Romania, Finland and South Africa.

So, when you see asinine articles like this: [Bitcoin Mining Consumes more energy than Finland](https://www.businessinsider.com/bitcoin-mining-electricity-usage-more-than-google-2021-9), instead of jumping on the defensive, the appropriate answer is:

“That’s because Bitcoin is worth ***more than Finland***, is more productive ***than Italy***, and creates more wealth each year than ***1/3 of all nations***. Perhaps that’s worth a little energy, given Bitcoin’s success, not to mention the value of protecting its fundamental properties.”

View Reddit by Perringer – View Source



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