Bitcoin Forum

Economy => Speculation => Topic started by: bitcoinsrus on June 05, 2014, 02:42:34 PM



Title: Is bitcoin more likely to reach Apple or Gold's market cap (calculations shown)
Post by: bitcoinsrus on June 05, 2014, 02:42:34 PM
I made a similar comment of this on another post in here (updated the numbers for today) (and I think it would make a nice discussion)

So do you think we more likely to reach gold or apples market cap (1 BTC = $661 now, 1 BTC = $505k+ (golds valuation) or 1 BTC = $43k+ (apple's valuation)

Gold market cap
$ 6,524,132,579,184

Btc market cap
$ 8,524,107,695  

Apple market cap
$555.68B Billion

Divide gold m.c by btc m.c and you get 765.374255303 (gold is that many times more than bitcoin)
if 1 bitcoin is currently $661 then if we had gold market cap, 1 btc would be $505,912.382755

doing the same for apple m.c, ($555,680,000,000 around) divide by  $8,249,485,143
is 65.189227997 (apple is this many times greater than btc m.c)
so if 1 btc is $661 now, then if we had apples market cap, 1 btc would be $43,090.079706