Bitcoin Market Cap > 1% of USD Monetary Base

theonewhowaskazu (OP)

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Bitcoin Market Cap > 1% of USD Monetary Base

November 08, 2013, 05:50:00 PM

#1

Just saying.

That seems like a development that could get us some press sometime.... maybe?

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kdrop22

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Re: Bitcoin Market Cap > 1% of USD Monetary Base

November 08, 2013, 11:38:10 PM

#2

wow, impressive benchmark.
1% of M0 money supply?

mvidetto

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Re: Bitcoin Market Cap > 1% of USD Monetary Base

November 09, 2013, 12:02:40 AM

#3

Yeah it would definitely get a lot of press attention, but that amount of capitalization in bitcoin is going to take some serious time. 1% of lets say 10T is still 100B and thats 30x more than current prices today, so this just means we have to wait another year or two lol.

theonewhowaskazu (OP)

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Re: Bitcoin Market Cap > 1% of USD Monetary Base

November 09, 2013, 03:53:36 AM

#4

We're not that far away. Currently we're more than 0.1%. At Bitcoin's growth rate, in about a year we should be there.

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