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> If it ends up replacing all money then the value of a single bitcoin will be around $200B, but I'd happily characterize that claim as speculation :) Assuming

by arikr 9y ago

> If it ends up replacing all money then the value of a single bitcoin will be around $200B, but I'd happily characterize that claim as speculation :) Assuming "the total amount of money in the world is $84 trillion" http://www.businessinsider.com/bitcoin-compared-to-all-of-the-worlds-money-2017-6 http://www.businessinsider.com/bitcoin-compared-to-all-of-th... BTC currently has a market cap of ~$94b $84t / $94b = ~894 894 * $5625 (current BTC price) = ~$5m/BTC Am I missing something? I may be. But from my calcs seems like your $200b estimate is off by a factor of 40,000x.

avar 9y ago
Your number sounds correct, I just remembered it was some really high number and incorrectly skimmed that thread looking for it.
lee101 9y ago
That sounds like a good guestimate :) it would be interesting to take into account how diluted normal money vs bitcoin will be which could push the numbers to something like 250t (5% inflation over 20 years) vs idk how much extra bitcoin will be created, i'm guessing not much