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Wow, dollars in the world is $20T or some multiple? That's a great figure! I did not know that. Yes, $1T was the figure in 1990 but for physical dolla dolla
by sova 9y ago
Wow, dollars in the world is $20T or some multiple? That's a great figure! I did not know that. Yes, $1T was the figure in 1990 but for physical dolla dolla bills.
I was attempting to link USD in circulation to BTC, not paying attention to BTC market price. With your updated figures $21T USD in circulation makes each Bitcoin $1M yes, your math checks out. ($1M x $1M is $1T ... were we to somehow make BTC our new Cryptographic "Gold standard")
With each bitcoin worth $1M, that makes each Satoshi about ... a penny?
- rothbardrand 9y ago100 million satoshi to a penny. I don't really know what the ultimate value of bitcoin will be-- really determines on how well it resists attacks, and what level of services are built on top of it. It's still the very early days.
- sova 9y agoAbsolutely, it's not something transparent at this point, what the true realized value of a coin will be over the long-term. I appreciate your insights regardless, thanks for updating me on the amount of USD in circulus