Bitcoin 4687500 USD ?

in #cryptocurrency • 7 years ago

In this post I'm going to find out an estimate how much bitcoin be potentially worth
Bitcoin_Logo_Horizontal_Light-4800px.png

First Take a look at how much money is exists in the world today

main-qimg-8acf7e7f7854faa802dea4c007e1fe42.png

According to an estimate there is about 75 trillion USD of M3 money
There are about 16 million bitcoins in circulation today.

So if all the money is replaced by bitcoin, the value of each bitcoin would be as follow
75 trillion/16 million = 75000000000000/16000000

This means that one bitcoin could be worth 4687500 USD
However there are a lot of complexities involved as total bitcoins is 21 million plus replacing all the money is realistically impossible.

#beginners
7 years ago in #cryptocurrency by
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