Blocktoq

    Will Bitcoin protect your savings from inflation?

    18 November 2021

    How to create nft art?

    12 November 2021

    USA – the top destination for bitcoin miners. Why China gave away the title?

    11 November 2021
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Blocktoq
    • Crypto News
    • Explained
    • Reviews
    • After Hours
    • Market Tools
    • Igaming
    • English
      • Polish
      • Russian
    0 Shopping Cart
    Blocktoq
    Blocktoq»Crypto News»Could Warren Buffett buy all the Bitcoins available?
    Crypto News

    Could Warren Buffett buy all the Bitcoins available?

    Blocktoq TeamBy Blocktoq Team5 May 2020Updated:12 March 2021No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    warren butt и биткоин
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Bitcoins available on the market have a total value of less than 165 billion dollars. Warren Buffett has assets worth 137 billion dollars.
    Does that mean that if he wanted to, he could buy almost all available BTC?

    In short:

    • The total value of Bitcoins
    • Bitcoin value
    • How do Bitcoins compare to the other markets?
    • Could one man buy out the entire available Bitcoin market?
    • A product is worth as much as someone wants to pay for it

    The total value of Bitcoins

    The BTC market in the world is relatively young, which makes it quite small. Currently, the total value of Bitcoins on the market is about 164.5 billion dollars. Theoretically, Warren Buffett is a hair short from being able to buy all available Bitcoins, which you can read on tweet by Pomp – Anthony Pompiano, an American investor and co-founder of Morgan Creek.

    Warren Buffett has $137 billion in cash.

    That is almost enough to buy every Bitcoin in the circulating supply.

    — Pomp (@APompliano) May 2, 2020

    Bitcoin value

    The value of the Bitcoin market to the average user seems incredibly high, but compared to other markets it is relatively small.
    This is because Bitcoins are available for a relatively short time – their debut was in 2010. Initially, the price of one Bitcoin was as high as the cost of extraction. $0.063. Over time, the value increased dynamically and began to count on the global market.

    How do Bitcoins compare to the other markets?

    The value of the gold market – one of the more universal and oldest assets in the world – is about 9 trillion dollars, and silver over 500 billion dollars.
    However, they earned their value for years.

    In addition, nobody can predict how much gold or silver will still be extracted, while the amount of available Bitcoins has been determined from the beginning.
    There will never be more than 21 million BTC, which certainly affects their value

    Could one man buy out the entire available Bitcoin market?

    Theoretically speaking, it is possible, but this would mean that the value of Bitcoin would be constant. For this kind of transaction to be possible, any Bitcoin owner would have to want to sell it to Warren Buffett for the current price. As we can guess, this is unrealistic.

    A product is worth as much as someone wants to pay for it

    When a player would appear on the market and want to buy as many Bitcoins as possible, their prices would rise dramatically. This important aspect was tweeted by CZ Binance in response.

    This is where math is deceiving.

    It’s only true if EVERY hodler is willing to sell at the current price, which is obviously not true, as there is no 21m BTC sell wall.

    Alas, Mr. Buffet will only be able to buy a small portion of bitcoins, and at very high prices at that.

    — CZ Binance (@cz_binance) May 2, 2020

    So, even if Buffett wanted to buy out almost all the Bitcoins available, it wouldn’t be possible.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleПочему соучредитель Ripple продал более 54 миллионов XRP?
    Next Article iMiner – a Turkish company get a license to start huge Bitcoin Mining Operation in Iran
    Blocktoq Team
    • Website

    Start with crypto today

    Leave A Reply Cancel Reply

    Search

    Will Bitcoin protect your savings from inflation?

    By Blocktoq Team18 November 20210

    Recently, a record increase in inflation has been recorded – both in Poland and in the USA. In Poland, inflation is close to 7%, in the USA it is 6.2%.

    How to create nft art?

    12 November 2021

    USA – the top destination for bitcoin miners. Why China gave away the title?

    11 November 2021

    Solana, the man(ETH)er

    3 November 2021

    Address: Blocktoq LTD, Kemp House 160 City Road, EC1V 2NX, London
    Email: [email protected]

    Facebook Twitter Instagram
    About us
    • Who we are
    • Submit press release
    • Advertise
    • Privacy Policy
    • Contact us
    • Shop
    • Cart
    Categories
    • After Hours
    • Crypto News
    • Crypto Projects
    • Explained
    • Finance
    • Igaming
    • Market Tools
    • Press Releases
    • Reviews
    Design by Blocktoq - Let's talk about Crypto! © 2022 Blocktoq All Right Reserved

    Type above and press Enter to search. Press Esc to cancel.