Why IS the bitcoin limited to 21 million?

[Desu]

Well, at the current market rate of 17.0397 the full amount of bitcoin equals to :$357,833,700
If certain ideals are correct that they will be worth 1,000 then:21,000,000,000.
That seems like a good number.

[finnthecelt]

Well, at the current market rate of 17.0397 the full amount of bitcoin equals to :$357,833,700
If certain ideals are correct that they will be worth 1,000 then:21,000,000,000.
That seems like a good number.

If BTC became the new world reserve currency, try: 2,000,000,000,000,000

2,000,000,000,000,000/21,000,000 = 95,238,095 per BTC.

[flailing Junk]

2,000,000,000,000,000/21,000,000 = 95,238,095 per BTC.

2,000 trillion? That's high I think. USD M3 estimates are like 15 trillion IIRC.

[nazgulnarsil]

eh, I think a market cap somewhere between 100 billion to 1 trillion is possible.  Not holding my breath of course.

It would mean the bitcoin economy was somewhere between morocco and south korea yearly GDP.  (of course that's not how calculations of GDP and market caps work, but it's fun to be lazy)

[finnthecelt]

2,000,000,000,000,000/21,000,000 = 95,238,095 per BTC.

2,000 trillion? That's high I think. USD M3 estimates are like 15 trillion IIRC.

I'm just playing with numbers but if you took all outstanding derivatives (1.4 quadrillion) and all money and debt instruments and collapsed them into BTC 2,000 trillion would be conservative.