Legal Seminar, Denver, CO
Innovators ‐ Cryptocurrencies
Cryptocurrency
# Issued
Value (US $)/Unit Market Cap (US $)
% of M2
Bitcoin
17,102,053 100,297,924 17,189,816 57,139,058 16,165,751 39,245,304,677
6,316.91 $ 466.45 $ 0.49 $ 765.04 $ 83.92 $ 129.39 $
108,032,153,271 $ 46,784,012,663 $ 19,071,273,952 $ 13,150,815,123 $ 4,795,164,370 $ 2,091,749,373 $
0.770% 0.334% 0.136% 0.094% 0.034% 0.015%
Etherium
Ripple
Bitcoin Cash
Litecoin Monero
M2 Money Supply (US $, May 2018)
14,024,200,000,000 $
Source of Data: https://bitinfocharts.com/ (as of 6/25/18); https://www.federalreserve.gov/releases/h6/current/default.htm (May 2018)
Cryptocurrencies • Evolutionary history has a “missing link” (IMHO). – See “The Eureka Moment that Made Bitcoin Possible” WSJ, May 25, 2018 (tracing conceptual underpinnings to an effort to protect the historical record through distributed ledger technology) – The conventional wisdom traces virtual currency to a 2008 paper by Satoshi Nakamoto (a pseudonym), but the seeds of the idea came in 1991. (Concept first; application later)
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