Cryptocurrencies offer a new function of money; a ‘universal ledger’ whereby the currency simultaneously acts both as money and as the record of the transaction.
4 – the number of basic functions that money performs: unit of account (e.g. pricing), store of value (e.g. gold), medium of exchange, and standard of deferred payment (a way to settle a debt).
$138,058,347,973 – the total market capitalization of cryptocurrencies – $138 billion – as at mid-August 2017 (coinmarketcap.com).
$255,708,000,000,000 – total world household wealth – $256 trillion – as estimated by Credit Suisse (2016).
0.5% – the approximate amount of total world wealth held in cryptocurrencies.
$92,381,000,000,000 – total North American household wealth ($92 trillion) as estimated by Credit Suisse (2016).
1.5% – the approximate amount of North American wealth held in cryptocurrencies.
1,054 – the number of cryptocurrencies listed on cryptocompare.com in mid-August 2017 (1,060 on coinmarketcap.com)
6 – the number of characteristics, or features, that money possesses: divisibility, durability or stability (having a relatively constant value over long periods), portability, uniformity, limited supply (scarcity), and acceptability (widely acknowledged as a medium of exchange).