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About BJ

Blocjerk (BJ) is a cryptocurrency launched in 2024. BJ has a current supply of 10.00M with 0 in circulation. The last known price of BJ is 1.41 USD and is -0.016649902903 over the last 24 hours. It is currently trading on active market(s) with $31,596.21 traded over the last 24 hours. More information can be found at .
BJ Price Statistics
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Updated Apr 13, 2024 4:59 am
Mkt Cap $0
There's nothing here for now
Bitcoin's Scarcity Debunked: A Look at the Cryptocurrency's Divisibility
Bitcoin's Scarcity Debunked: A Look at the Cryptocurrency's Divisibility
According to Blockworks, despite the common belief that Bitcoin is scarce due to its supply limit of 21 million BTC, the reality is different. The scarcity notion is challenged by the fact that each Bitcoin is highly divisible, up to eight decimal places, resulting in 100 million satoshis (sats) per Bitcoin. This divisibility makes Bitcoin far from scarce. The current circulating supply of Bitcoin, which is 19.68 million, translates to 1.968 quadrillion sats. By 2140, there will be 2.1 quadrillion sats. To put this into perspective, the base money supply of the US dollar is currently less than $5.9 trillion, and the broader M3 is under $20.8 trillion. If Bitcoin is considered scarce, then so should the US dollar. While it's true that only 21 million people can ever own one Bitcoin each, the number of Bitcoin addresses with at least one Bitcoin is slowly growing. Currently, around 1 million addresses have at least 1 BTC. However, it's not clear how many of these addresses are owned by the same person or how many exchange accounts have million-dollar Bitcoin balances. There are also 53 million Bitcoin addresses that have one satoshi or more. If the current supply were suddenly distributed to these addresses, each would receive more than 37 million sats, equivalent to $25,500. This further challenges the notion of Bitcoin's scarcity. The perception of scarcity is attributed to the 'fiat brain', which automatically considers the largest unit when thinking about Bitcoin as a currency. However, sats are incredibly cheap right now, priced at $0.00069 each, and are often overlooked. If every sat were worth the current price of a whole Bitcoin, an even distribution would give every human alive $16.7 billion BTC. In light of the upcoming Bitcoin halving, there is a renewed interest in the idea of pricing Bitcoin in sats, rather than whole coins. This could potentially shift the perception of Bitcoin's scarcity and provide a more accurate representation of the cryptocurrency's supply.
Apr 13, 2024 4:19 am

Frequently Asked Questions

  • What is the all-time high price of Blocjerk (BJ)?

    The all-time high of BJ was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Blocjerk (BJ) is 0. The current price of BJ is down 0% from its all-time high.

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  • How much Blocjerk (BJ) is there in circulation?

    As of , there is currently 0 BJ in circulation. BJ has a maximum supply of 10.00M.

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  • What is the market cap of Blocjerk (BJ)?

    The current market cap of BJ is 0. It is calculated by multiplying the current supply of BJ by its real-time market price of 1.41.

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  • What is the all-time low price of Blocjerk (BJ)?

    The all-time low of BJ was 0 , from which the coin is now up 0%. The all-time low price of Blocjerk (BJ) is 0. The current price of BJ is up 0% from its all-time low.

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  • Is Blocjerk (BJ) a good investment?

    Blocjerk (BJ) has a market capitalization of $0 and is ranked #2824 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Blocjerk (BJ) price trends and patterns to find the best time to purchase BJ.

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