RATE Group | Warren Buffett Can Technically Buy All Circulating Bitcoin Today, But Not Really
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Warren Buffett Can Technically Buy All Circulating Bitcoin Today, But Not Really

03 May Warren Buffett Can Technically Buy All Circulating Bitcoin Today, But Not Really

Posted at 01:47h in Bitcoin News by

  • Because of the relative youth of Bitcoin, the market surrounding it still remains somewhat small, with a total size of $164.5 billion
  • To keep this in perspective, Warren Buffett has approximately $137 billion, meaning that he is just a hair short from (theoretically) being able to buy every circulating BTC
  • The math regarding this possibility is a bit deceiving, however, as it is premised on the notion that the market dynamics of supply and demand wouldn’t influence the crypto’s price

Bitcoin has seen unprecedented growth through the past decade, quickly transforming from a niche idea only known by a select few on online forums to a mainstream digital currency that is used by millions – even attracting major institutional players.

Despite the magnitude of this growth, the market surrounding the digital asset still remains relatively small.

This is clearly elucidated while looking towards its market cap as compared to the net worth of some incredibly wealthy individuals, like…

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