4 ms·
Are there any decent estimates for how much one bitcoin will be worth if it ends up being a generally used currency for international transfers? i.e. if it bec
by AndrewDucker 13y ago
Are there any decent estimates for how much one bitcoin will be worth if it ends up being a generally used currency for international transfers?
i.e. if it becomes the new Paypal, how much would one bitcoin need to be worth?
- VMG 13y agoSome pointers: http://www.btcglobe.com/tool/calculate-future http://www.btcglobe.com/tool/calculate-future
- foxhill 13y agopaypal claim to have done $44 billion of trade in Q3 2013(1). so lets assume paypal do $4x44 billion of trade for the year. there will only ever be 21 million BTC in existence* , there are much less than that right now (12 million ish). 4x44,000,000,000/21,000,000 = $8380/BTC this assumes of course, that Bitcoin totally replaces paypal and nothing else (which is already not true). * - this ignores the fact that there are already thousands, if not millions of BTC that have been lost due to lost wallets, forgotten coins, invalid transactions, etc. (1) - https://www.paypal-media.com/about https://www.paypal-media.com/about