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Title: Do you believe bitcoins are worth $300 billion Post by: Captimiz on December 19, 2017, 11:53:06 PM According to Coin Market cap, the combined value of all bitcoins in existence are $300 billion. If predictions are true and the value of bitcoins exceed $100,000 than bitcoins total value will exceed $1 trillion. This is larger than the economies of most developing countries?
So, would bitcoins reaching that value mean bitcoins are worth more than a lot of countries? Title: Re: Do you believe bitcoins are worth $300 billion Post by: John Langut on December 19, 2017, 11:56:58 PM Market cap is just a simple calculation of the current price multiplied by the number of circulating coins.
If 25% of all Bitcoin are sold in one day, no way the price stay at its current level. You cannot compare market cap with a country's GDP. Title: Re: Do you believe bitcoins are worth $300 billion Post by: orka39 on December 21, 2017, 10:29:18 AM Market cap is just a simple calculation of the current price multiplied by the number of circulating coins. If 25% of all Bitcoin are sold in one day, no way the price stay at its current level. You cannot compare market cap with a country's GDP. I dont think so. It is really huge amount for just one bitcoin. May i know how you calculate the marketcap to know how price working? |