Quote from: xvids on June 04, 2019, 11:18:35 PM

Quote from: Subal_Damudar on June 04, 2019, 10:25:42 PM

So I was thinking.
According to Google, the 2013 estimates of total m2 money supply in US was 10.5 trillion. So if I owned 1 usd today that would be a so a very small percentage of the total number, yes?
But I can own 1 bitcoin today and that means I can own 0.0000048% of total btc supply..

If you think about it, 0.0000048% of total US m2 money would be 504,000 usd.. half a million

So can we say that 1 Btc = $500,000?

Lets discuss..

No because we all know that it doesn't work that way .
If you would put everything on that calculation then we would all be super rich by now all of those shitcoin would have a great value.
But it is the demand who determines the real price of a crypto not on how you calculate it.

I completely agree with You.But do not forget that each of us pleases himself with hope for a brighter future.And the author of the post is no exception.Even if the last bitcoin is extracted and there is no demand for it, it may even cost $ 500. Reality can really be harsh. And this is not to be forgotten.