If Bitcoin were a nation…

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

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

Post Views:


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.