Post
Topic
Board Bitcoin Discussion
Re: Help me understand BTC pricing
by
crwth
on 28/10/2021, 07:36:13 UTC
I'm looking at it from a different standpoint. If you were to check the total supply/circulating of BTC, you would see it as around 18,856,656 BTC, and the total market cap is $1,117,068,131,730

To get the price you just divide the market cap with the total supply

Code:
1,117,068,131,730/18,856,656 = 59,239.99099999491

That would make the average price of it per BTC. So if you want to get the $100000 price of BTC you can just increase the market cap and that's the estimated amount of money that should be in the BTC market to have that kind of price.

Code:
1,885,665,600,000/18,856,656 = 100000

The market cap should be around $1,885,665,600,000 at the current supply. More money required, yea.