Post
Topic
Board Bitcoin Discussion
Re: It is ok to sell your Bitcoin.
by
pawel7777
on 15/02/2023, 21:16:44 UTC
Do you realize that in order to reach $1 million market cap should be around 21 000 000 000 000? I can't say that's not possible, but that's a pretty big goal and I'm not sure if we'll ever see that. When people say that BTC's value is infinite it sounds kinda crazy, like you're from a cult.

That's right. People like to toss around big numbers without giving it much thought. To put things into perspective:

The total global value of gold in existence (including gold-backed ETFs but excluding underground reserves: $11.5 trillion
The total value of global tangible currency (banknotes and coins): $8 trillion
Total assets of world's top 4 largest central banks (Fed, ECB, PBoC, BoJ): $28 trillion

Data from 2022. Source: visualcapitalist.com