4 ms·
paypal 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
by foxhill 13y ago
paypal 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