Quote from: davis196 on June 05, 2019, 05:45:52 AM

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..

You are comparing apples with bananas here...
Your calculations and assumptions are completely wrong and this discussion is pointless.
The bitcoin price is the combination of btc mining costs+market supply&demand for bitcoins.
You can't compare it the m2 US supply.

This discussion is definitely not pointless mate.
1) The OP was not self-proclaimed mad man (John McAfee ) which predicted Bitcoin to hit $1Million per coin by the end of the year 2020 and didn't say when it prediction will happen.
2) When all Bitcoin are mined the coin wikk be scarce and it demand will surpass a lot than the supply. This could make the OP prediction come to pass.