Quote from: Mahanton on August 08, 2019, 04:48:27 PM

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..

But the question is,would bitcoin would be valued or having an entire cap of 10.5 Trillion too? I don't think so and that's why making up such basis or comparison is senseless.

If we were lucky enough to see Bitcoin valuing around a million of half a million, the market cap of the coin will of course be very huge then. In trillions. If you follow John McAfee on Twitter, you would know from him that the coins will value half a million in 2020 otherwise he will eat himself. And mind you John has made a fortune in Bitcoins since the start and predicts stuff to a good precision.