Bitcoin is currently going through one of the most difficult periods in its 12-year history. The price of this cryptocurrency fell to a new low during the panic around COVID-19, confirming the downtrend. And given the current situation, further declines are not excluded. But we can forget about all this for a moment. Let’s look at what all the BTC coins would look like if they were thrown on one pile.
“But Bitcoin has no physical form!” You could argue… But this is just a detail. In order to create a good and clear visualization, the Bitcoin model used a BTC coin, which you can order from eg e-bay.
What does 18 million coins look like? What about gold or dollars?
The BTC coin has a thickness of 3 mm and a diameter of 40 mm. According to coinmarketcap, there are currently approximately 18.27 million BTC in circulation, which would look like this in real life:
It may not be as much as you would expect, but it should be noted that each coin is worth $ 5,500. Each block has 500 coins in height and 100 × 100 coins in width and length.
As for gold, it is a bit more challenging. Nobody knows exactly how much gold has been mined in human history. But the World Gold Council recently estimated it could be as much as 190,040 tons!
In this picture there is a gold cube that weighs a little less – “only” 166,500 tons. However, it will serve as a notion:
Finally, we still have dollars. how many are currently in circulation? According to the MO money indicator, there are physical dollars worth $ 3.5 trillion. But the amount of digital coins is much larger. The Fed has no problem pumping over $ 100 billion into the economy in one day.
And this is what a trillion dollars (a thousand billion) look like in $ 100 banknotes: