Is Bitcoin denting the economy?

By Dan Ilett

Apr 15, 2013 at 3:49 p.m. UTC

Updated Sep 10, 2021 at 10:38 a.m. UTC

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Dan Ilett

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So how big an impact are bitcoins really having on the global economy? The latest market stats show the digital currency continues to show a growing influence on "real" money.

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Among some recent stats:

As of April 2013, more than 11 million bitcoins have been mined so far;
The market cap for bitcoins now exceeds $1 billion (US), and briefly stood at a high of over $2.6 billion;
The value for a bitcoin reached a high of $237.57 in April 2013 before crashing to a low of $83.66 in a matter of days. While the value has recovered some, even the low far exceeds the $4.98 bitcoin value in early 2012.

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Dan Ilett

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