About the real intrinsic value of 1 BTC, the question is:
How Much Money Is There on Earth?
considering the M3 aggregate, that includes physical money, paper bills, metal coins, checking accounts, savings accounts, institutional money market funds and long term deposits, the answer is $75 trillion, at today 2014. (source: http://gizmodo.com/5995301/how-much-money-is-there-on-earth)
We all know that the total number of bitcoin can never exceed 21,000,000.
So if we do de math, assuming (very) hypothetically that all the money of the world will be converted in BTC, we will have
75,000,000,000,000 /
21,000,000 =
____________________
$ 3,571,428 for BTC
1 BTC = 3,5 million dollar!!!!
We all know that 1 BTC = 100,000,000 base units, friendly called "satoshis". This means that 1 satoshi = $ 0,0357
I know, this is a very asymptotic scenario that never come true, but if we assume that only 10% of the total money supply will be converted in Bitcoin, we should have realistically:
1BTC = $ 357,142
I know, these calculations are very simplistic and do not include all the many factors that exist in determining the value of the exchange rate between two currencies, but I think they make, simply, the idea of the value that bitcoin might have if his concept becomes widespread capillary and in a stable manner worldwide.
My 2 cent,
thanks,
1JScDgJYfVVafFzgveUFnst61gBgFbdVtv
How Much Money Is There on Earth?
considering the M3 aggregate, that includes physical money, paper bills, metal coins, checking accounts, savings accounts, institutional money market funds and long term deposits, the answer is $75 trillion, at today 2014. (source: http://gizmodo.com/5995301/how-much-money-is-there-on-earth)
We all know that the total number of bitcoin can never exceed 21,000,000.
So if we do de math, assuming (very) hypothetically that all the money of the world will be converted in BTC, we will have
75,000,000,000,000 /
21,000,000 =
____________________
$ 3,571,428 for BTC
1 BTC = 3,5 million dollar!!!!
We all know that 1 BTC = 100,000,000 base units, friendly called "satoshis". This means that 1 satoshi = $ 0,0357
I know, this is a very asymptotic scenario that never come true, but if we assume that only 10% of the total money supply will be converted in Bitcoin, we should have realistically:
1BTC = $ 357,142
I know, these calculations are very simplistic and do not include all the many factors that exist in determining the value of the exchange rate between two currencies, but I think they make, simply, the idea of the value that bitcoin might have if his concept becomes widespread capillary and in a stable manner worldwide.
My 2 cent,
thanks,
1JScDgJYfVVafFzgveUFnst61gBgFbdVtv