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?
I don't think the two can be equated and you count the wrong comparisons to produce a false statement.
ROFL,
You forgot the main thing that dictates the price on everymarket,the demand.You cant just simply calculate things and convert it to something,if then we all people should have been rich no one is starving no ones poor.Math isnt everything dont put money fortune on just pure calculations
absolutely right, prices are determined by demand and supply where when demand is greater than supply, prices will continue to rise. And it needs to be underlined, the price is not determined by the stupid calculation as above, it is very unreasonable and it is only children's math.