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seeing some market cap vs price arguments. another way to look at it (TLDR: market cap people are correct)
BTC circulating supply: ~20,000,000
SHIB circulating supply: ~400,000,000,000,000
notice SHIB supply is 20million times greater than BTC.
so even if BTC and SHIB were valued equally (which of course they are not), then you would need to buy 20million SHIB tokens to equal one BTC.
remember that price per coin is meaningless, you are paying for a ownership of a percentage or proportion of the total currency/token, the actual number of coins you own is completely meaningless, it's the % of total supply that you own that counts. so owning 1 coin with 100 total supply (1%) is exactly the same as owning 1000 coins with 100,000 supply (1%).
another analogy if you still don't get it. Pretend BTC and SHIB are two precious metals worth the same. Then with the circulating supply above, it's like SHIB being only being sold in the market in 1 grams lots, and BTC only being sold in 20 tonnes lots. you could either purchase one 20 tonnes quantity, or purchase 20 million one gram quantities. you end up with the same amount either way (20 tonnes).
therefore if you ask will Shiba get to $1 it's like saying will BTC get to $20million per coin. No it wont (in my lifetime).
#Culled
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