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..
It is impossible for bitcoin to move up. In fact, it is hard to break the resistance level at 20K dollars since it will be the highest price of bitcoin today. However, I don't know if it will happen in the future. But let us wait till the time decides for bitcoin. Maybe, soon it will rise like that once it will become the primary currency in the world.