Painfully inaccurate. This appears to assume all coins were valued at Today numbers, not the numbers on the days they occurred. PayPal does $44B a year in tra

Painfully inaccurate. This appears to assume all coins were valued at Today numbers, not the numbers on the days they occurred. PayPal does $44B a year in transactions. https://www.paypal-media.com/about https://www.paypal-media.com/about Today there are $12M Bit coins in existence. If each coin is valued at $800 (make my math easy and assume the sum of all bit coins is $10B) It is possible to have more in transactions than you have in holdings. I pay you, you pay your baby sitter, $20 was $40 in transactions. But for the math to work BitCoin holders would have to be all averaging 4 transactions of 100% of their holdings a year. This isn't possible since we know that the majority of bit coins are held by speculators, not consumers. (We know this because no one would buy bread if the price could double or half in 6 hours).