How Much Ss Will I Draw At 62
Ever wonder how much money at that place is in the world?
The answer is complicated, which you might expect, but not because of the difficulty of tallying up all the rather large numbers. Rather, it's more about which parameters are used to define "coin."
"The amount of money that exists changes depending on how we ascertain information technology. The more abstract definition of money we use, the higher the number is," said Jeff Desjardins, an editor of Visual Backer, who put together an infographic to answer this question back in 2015 and recently updated it every bit money continues to take on a different meaning.
"Are the abstractions created past Cardinal Banks really money? What nigh gold, bitcoins, or other hard assets?" he asks.
For purists, who believe "coin" refers only to physical "narrow coin" (bank notes, coins, and coin deposited in savings or checking accounts), the full is somewhere around $36.8 trillion. If you're looking at "broad money," which isn't just physical money and includes any coin held in hands accessible accounts, the number is about $90.4 trillion.
But for those preferring an even broader estimation, including bitcoin BTCUSD,
This is what a quadrillion looks like written out: ane,000,000,000,000,000.
Funds invested in derivatives solitary total at minimum $544 trillion, and the high-end guess is $ane.2 quadrillion. In fact, there is more than money in derivatives than in all the stock markets combined, which is a insufficiently paltry $73 trillion. The U.S. accounts for the biggest slice of that global market cap pie, thanks to companies like Apple tree Inc. AAPL,
Investment in commercial real estate, often the nigh visible symbol of wealth, pales in comparing to stocks or derivatives at $29 trillion.
Equally for coin owed by every unmarried person and state in the world, the thou total is $215 trillion, with some 33% of it borrowed in the last decade.
And despite an explosive year for bitcoin and other cryptocurrencies, equally an asset class, crypto conspicuously has a long way to go. The value of all bitcoin in circulation is estimated in this graphic at $100 billion (bitcoin's market cap is now over $160 billion, according to CoinMarketCap). That's a staggering rise from the tiny dot bitcoin represented on the 2015 version of this graphic... but, still, a proverbial drop in the saucepan.
Here'southward the full graphic:
Source: https://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18
Posted by: lynnfouty1959.blogspot.com
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