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..
bitcoin and conventional money are not the same although both can be used for transactions. so, if you calculate that 1 bitcoin = $ 500K is very unlikely. I say this because the source and total supply of the two are very different. but if is only your dream, i accept it cause this is my dream and hope too ^^