5,000 BTC used to get you a pizza — now it’s worth more than some countries.
Bitcoin held steady over the weekend, and as of the time of publication on March 4 — with a current value of $66,500 — it stands on the precipice of reaching its all-time U.S. dollar high of $68,991.
This brings Bitcoin’s (BTC) total market value to $1.31 trillion, or about a billion dollars more than all the Swiss francs in circulation. In fact, if Bitcoin were a fiat currency, it would be the 13th-largest in the world by market capitalization.
As of the time of publication, there are a reported 19,644,462 BTC in circulation. Bitcoin has a technical limit of 21 million total, but due to the way mining rewards are calculated, it is unlikely to ever become 100% mined.
