BitCoin Economy: 6 Million Coins, 40 Million USD

May 16, 2011 3:22 pm

We will be doing a deep dive on the BitCoin economy very soon, but here is some quick stats on the BitCoin economy:

“Currently there are 6M coins at $6.70 each for a total economy of about $40M. Bitcoin speculation and hoarding will also cause a massive spike in bitcoin value. For example, if 10M people find out about bitcoins in the next year and want to buy $100 worth, $1B will be infused into the bitcoin economy.”

Statistics Source: blog

Our deep dive on BitCoin would be based to a large extent on the Nixon Shock

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