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"imagine bitcoins become as widespread, and as desired, as USD. Now think about how many USD are in circulation compared to BTC." The US money supply (M1) is $
by saalweachter 9y ago
"imagine bitcoins become as widespread, and as desired, as USD. Now think about how many USD are in circulation compared to BTC."
The US money supply (M1) is $3.5 trillion. The maximum Bitcoin supply is 21 million BTC. $3.5 trillion / 21 million BTC = $166,000 / BTC.
1 BTC being worth seven figures USD would mean that the "Bitcoin money supply" was 10x the "USD money supply".