Ninjastic
Home
Search
Users
Boards
Addresses
Ctrl + K
Toggle theme
Open menu
Post
Edited versions
Quotes to this post
Post
144948
Topic
10082
Board
Bitcoin Discussion
Re: USD in circulation ? OK ... now divide by 21million
by
carriun
on
26/05/2011, 23:50:48 UTC
Quote from: znort987 on May 26, 2011, 10:19:43 PM
For reference :
http://answers.google.com/answers/threadview/id/204945.html
I think it is more like [World GDP in US$] x [% of BTC acceptance] / 21 Million
World GDP = $52.9 Trillion [1] (2009)
So lets say BTC takes over 0.01% of the world economy
$52.9T * .0001 = $5.29B / 21M = $251.90/BTC
[1] -
http://www.google.com/publicdata?ds=wb-wdi&met_y=ny_gdp_mktp_cd&tdim=true&dl=en&hl=en&q=world+gross+domestic+product