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To use some real numbers, let's assume Bitcoin replaces US dollars. Once they've all been mined there will be 21 million Bitcoins (and assume none have been lo
by tlrobinson 13y ago
To use some real numbers, let's assume Bitcoin replaces US dollars.
Once they've all been mined there will be 21 million Bitcoins (and assume none have been lost)
There are approximately $10.5 trillion US dollars in the world (http://money.howstuffworks.com/how-much-money-is-in-the-world.htm http://money.howstuffworks.com/how-much-money-is-in-the-worl...)
10,500,000,000,000 USD / 21,000,000 BTC = $500,000 per Bitcoin
- boon 13y agoRecalculate that in Satoshis :)
- hackinthebochs 13y agoThanks. My question was ill-conceived in my head. Market cap was the concept I was missing. For a fixed amount of bitcoin, the value of each goes up as the total share of the economy of BTC increases.