I'm trying to get perspective on the size of the bitcoin economy.
As far as I can tell, there are 10.86m Bitcoins in existence at the current market rate $40.05. [1] That means there are almost $430m in "circulation".
According to the federal reserve 1.17trillion USD currency is in circulation. [2]
USD: $1,170,000,000.00
BTC: $0,000,430,000.00
0.0367%
Not a perfect comparison, I realize that. It is more of a rough estimate.
As far as I can tell, there are 10.86m Bitcoins in existence at the current market rate $40.05. [1] That means there are almost $430m in "circulation".
According to the federal reserve 1.17trillion USD currency is in circulation. [2]
USD: $1,170,000,000.00
BTC: $0,000,430,000.00
0.0367%
Not a perfect comparison, I realize that. It is more of a rough estimate.
[1] http://www.bitcoincharts.com
[2] http://www.federalreserve.gov/faqs/currency_12773.htm