Spain currently has a GDP of around $1.349 trillion, if it were to capture 0.01% of the countries GDP then that would be a market cap of $1,349,000,000
GDP is not the same thing as money supply. So those numbers are useless.
Does it matter weather it's GDP or the total money supply? The point is Spain's economy is huge, if it were to catch even a tenth of one percent the value of of Spain coin would be very large.
Of course , because there is a huge difference between it.
And because gdp and m1 are different , what's the point of mentioning gdp in the first place?
Would you like to educate me in the difference?
The money supply is the total amount of monetary assets in a country. (coins , bills, deposits , checks , liquid assets)
Those are split into m0,m1,m2,m3
You can read more here:
http://en.wikipedia.org/wiki/Money_supplyBasically coins are trying to replace the M1 a fraction of the entire money supply.
GDP is the value of all the goods and services produced in a country in one year
You can see the differences in value here:
http://www.tradingeconomics.com/spain/indicatorsThank you for that, you learn something new every day.
The total M1 is 531600 million euro, which is a very large figure, if this coin could capture less than 1% of that, the market cap would be HUGE.
I feel like this needs to be in big red text?