# Bitcoin Forum

## Other => Beginners & Help => Topic started by: JayCoin on December 06, 2011, 01:27:15 AM

 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 / BTCSo 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 Quote from: JayCoin on December 06, 2011, 01:27:15 AMThere 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 / BTCSo 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.