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> If it hits that 3% the maximum I think bitcoin could be worth is about ten million dollars a coin $10,000,000 x 21,000,000 = $210,000,000,000,000 Does the w
by jafaku 13y ago
> If it hits that 3% the maximum I think bitcoin could be worth is about ten million dollars a coin
$10,000,000 x 21,000,000 = $210,000,000,000,000
Does the world even have that kind of wealth?
- 3pt14159 13y agoOh, it seems like I made a grave error doing my mental math... I don't see how I got it so wrong, but I guess I'm not used to dividing millions and trillions together. I meant to say about $1 million dollars per coin. With the updated numbers, it would be $21 trillion worth of purchasing power, which is a quarter of todays Gross World Product (the economic activity of the world for one year). So yes, it does seem that the world has that kind of wealth.