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Title: What if Bitcoin replaced the US dollar Post by: JayCoin on December 06, 2011, 01:27:15 AM There is about $9 Trillion of M2(cash plus money in savings,checking and small CDs) money in the USA. So with simple some simple math
$9,000,000 Million / BTC 21 Million(total bitcoin ever to be mined) ~= $428,000 / BTC So if bitcoin replaced all of US dollars, 1 Bitcoin would have the same buying power as $428,000 does right now. If Bitcoin replaced 1% of US dollars as a currency, 1 Bitcoin would have the same buying power as $4,280 does right now. Something to think about. Title: Re: What if Bitcoin replaced the US dollar Post by: dark_st3alth on December 06, 2011, 02:59:54 AM There is about $9 Trillion of M2(cash plus money in savings,checking and small CDs) money in the USA. So with simple some simple math $9,000,000 Million / BTC 21 Million(total bitcoin ever to be mined) ~= $428,000 / BTC So if bitcoin replaced all of US dollars, 1 Bitcoin would have the same buying power as $428,000 does right now. If Bitcoin replaced 1% of US dollars as a currency, 1 Bitcoin would have the same buying power as $4,280 does right now. Something to think about. Yea even at it's "current" value of about $2, that's twice as powerful then most currencies in the whole world. |