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, in my opinion the calculation is not that simple, Bitcoin has a supply and while the USD does not. the government is running out of usd, they just have to reprint, and this is why we can't compare these two things in this way. on the other hand, interest, USD has a higher interest than crypto at the moment.