Is 1 Bitcoin equal to half million USD?

[DreamStage]

That is only possible to be assumable if in fact we replace every fiat and all other Alt coins or anything currency related that provides some sort of equal value as Bitcoin.
So no we can not mention 1x Bitcoin being $500.000 in the end

[Falgorn]

In my opinion, such a comparison makes no sense. Why did you decide to equate the amount of money supply in dollars to the total supply in bitcoins? Why such a comparison can not be made to the euro, yuan, or other currency? And what is the practical meaning of this comparison? There is no relationship between the volume of money supply of any state and the volume of cryptocurrency.

[Bitcoinqubit]

So I was thinking.
According to Google, the 2013 estimates of total m2 money supply in US was 10.5 trillion. So if I owned 1 usd today that would be a so a very small percentage of the total number, yes?
But I can own 1 bitcoin today and that means I can own 0.0000048% of total btc supply..

If you think about it, 0.0000048% of total US m2 money would be 504,000 usd.. half a million

So can we say that 1 Btc = $500,000?

Lets discuss..

be aware to listen people here.....if we compare bitcoin to the age of people bitcoin is truly only like 4-5 years baby/kid.....

i just fucking lazy to go to detiles and equation and other shit.....but people who think that bitcoin is in the peak are totally crazy and i mean this..


do you fucking know how much 1 bitcoin can worth the number is fucking astronomical and scary....ASTRONOMICAL ....

be aware to listen to uneducated people if you have great question go to some math pro teacher and he will show you the power of btc and which equation to use to get to this number...

who think he lost the train of bitcoin is sorry to say so fucking dumb and dont know anything in math and economics and other shit....

but people love to to throw shit without any deep research until they hit smart people in some table and you know how it goes from there


....

the price per bitcoin can be fucking astronomical and scary and if we compare the age of bitcoin to people age bitcoin is only 4-5 yeaars kid in this planet wait when this grow .....

i dont talk about from when the idea came ....ask math teacher

[Mike Mayor]

In my opinion, such a comparison makes no sense. Why did you decide to equate the amount of money supply in dollars to the total supply in bitcoins? Why such a comparison can not be made to the euro, yuan, or other currency? And what is the practical meaning of this comparison? There is no relationship between the volume of money supply of any state and the volume of cryptocurrency.

The OP is not comparing. The OP is using USD as an example for their idea. They are rather comparing the volume with the % of the currency owned. Not the volume of fiat to the volume of crypto.
It is a fair idea the OP has. They are talking about the currencies divisibility.

[BitFinnese]

In my opinion, such a comparison makes no sense. Why did you decide to equate the amount of money supply in dollars to the total supply in bitcoins? Why such a comparison can not be made to the euro, yuan, or other currency? And what is the practical meaning of this comparison? There is no relationship between the volume of money supply of any state and the volume of cryptocurrency.

The OP is not comparing. The OP is using USD as an example for their idea. They are rather comparing the volume with the % of the currency owned. Not the volume of fiat to the volume of crypto.
It is a fair idea the OP has. They are talking about the currencies divisibility.

The idea of OP brings argument in the table.  People saw the flaw of the calculation and state their disagreement.  I too think that it is not accurate to come to that value since the actual value of a certain asset is not derive from the comparison of supply.  One may be rarer but cheaper than the abundant one because of their use case.

[legendster]

In my opinion, such a comparison makes no sense. Why did you decide to equate the amount of money supply in dollars to the total supply in bitcoins? Why such a comparison can not be made to the euro, yuan, or other currency? And what is the practical meaning of this comparison? There is no relationship between the volume of money supply of any state and the volume of cryptocurrency.

The OP is not comparing. The OP is using USD as an example for their idea. They are rather comparing the volume with the % of the currency owned. Not the volume of fiat to the volume of crypto.
It is a fair idea the OP has. They are talking about the currencies divisibility.

The idea of OP brings argument in the table.  People saw the flaw of the calculation and state their disagreement.  I too think that it is not accurate to come to that value since the actual value of a certain asset is not derive from the comparison of supply.  One may be rarer but cheaper than the abundant one because of their use case.

Part of the reason what OP said is not true not because OP is entirely incorrect, but rather because countries, businesses and individuals have not yet come to rely on Bitcoin as a functional currency like they do with the dollar. Simple.

[yohananaomi]

It is necessary to take into account the capitalization and reputation of the coin that determine its value. Therefore, your calculations are not entirely correct. In crypto, another logic works.

but everything can happen, I also do not blame what you give because your calculations also make sense, but in crypto everything can happen and things that can not happen and can also not happen. but many hope that it can be realized, but the question is, when will it be realized.

[bright4mech]

Bitcoin is a cryptocurrency that is acceptable across the nation, likewise USD which the prize changes from time to time, Hence, BTC has no specific country, but rather calculated in USD value exchange.

[AjithBtc]

The calculations made is correct, but do we get the possible market pumping to reach half a million based on this reason. Bitcoin has got established as a virtual currency that has multiple usage, but the same hasn't gained importance to be the currency same as USD all around the world other than some exceptions. When this happens all around we can think of bitcoin to be half a million dollar worth.

[rdluffy]

No man, you're using the logic in a wrong way 

Bitcoin is worth the price people pay in the market, if one day people thinks BTC don't have a value, BTC will drop to 0 ( hypothetical situation )

So no, for today BTC worth 10.3k USD

[jerry0]

Does anyone here think it could hit 50k or 100k soon?  Mcafee prediction does not look good at all...

[Bitcoinqubit]

So I was thinking.
According to Google, the 2013 estimates of total m2 money supply in US was 10.5 trillion. So if I owned 1 usd today that would be a so a very small percentage of the total number, yes?
But I can own 1 bitcoin today and that means I can own 0.0000048% of total btc supply..

If you think about it, 0.0000048% of total US m2 money would be 504,000 usd.. half a million

So can we say that 1 Btc = $500,000?

Lets discuss..

be aware of the answers here...its much better to speak with expert economist,,,or smart people...

some here say demand its what important which is not so right... demand or not what is important is what the max supply in everything* after this you can know how much demand need to grow the price,,,without max supply or huge supply demand its waist of power ask economist

some say its not the same like paper money very wrong....its money and store of value in the same point which more great then paper money...
if it will replace money paper the answer is yes and it will happen fast...remember my words.

you are right in some sort of level because demand is nothing if there is no max supply or to much supply.

there are criminals that know to fake paper money one on one...all around the world..

1 btc can worth astronomical number  and i mean it,,,every smart economist know this....

price is grow by supply and demand but if the supply parameter is to much and can be faked easy and printed you can forget about demand....

its like to fuel car while there is hole in the car and the fuel basically cannot fuel the car, the same with money....to much supply and it can be faked by criminals and can be printed by governments , all the bad factors in one point so in other words smart economist will say you forget about demand there is hole in the system/car....

the money paper lose value over time, and crypto speed up the process and criminals print more money now to get as much possible crypto .

[Bitcoinqubit]

Does anyone here think it could hit 50k or 100k soon?  Mcafee prediction does not look good at all...

why you listen to not educated people ask smart math teacher or expert economist...but i will hint the price of 1 btc can be astronomical in which sound illusion as it sound illusion to bring idea like this if you get///

[seoincorporation]

I think it's almost impossible to see bitcoin at half million or the bitcoin market cap as the total money supply in dollars, to see that we need half of the world involved in bitcoin, only a crazy big demand could send the price that high, and to see that will be impossible because lot of govs are against bitcoins, and people is afraid about that. People don't want to hold a coin who could give troubles.

[Bitcoinqubit]

I think it's almost impossible to see bitcoin at half million or the bitcoin market cap as the total money supply in dollars, to see that we need half of the world involved in bitcoin, only a crazy big demand could send the price that high, and to see that will be impossible because lot of govs are against bitcoins, and people is afraid about that. People don't want to hold a coin who could give troubles.

\
dont forget zcash spiked to per coin 2.3 million dollar ahhhhh

[Bitcoinqubit]

I think it's almost impossible to see bitcoin at half million or the bitcoin market cap as the total money supply in dollars, to see that we need half of the world involved in bitcoin, only a crazy big demand could send the price that high, and to see that will be impossible because lot of govs are against bitcoins, and people is afraid about that. People don't want to hold a coin who could give troubles.

with low supply sometime there is situation when the demand is so huge and the supply is very small and most of the people are holders which mean almost no way to buy coins....this kind of effect drive the value of the coin so high even almost no body sell them.....

in huge supply coins with billions its nver will happen and they need marketcap of trillion of trillions to get small price per coin and demand will never will be huge compare to supply in 30,40,60,100 billions coins,,,,relative to amount of people and other stuff....

but with low supply there can be efeect when the price of coin surge so hard becuase the demand is huge and the supply is low....and no body sell them its sky rocket the coin...

zcash spiked 2.3 miilon dollar per coin and was have much but much less marketcap and volume....

very interesting

[Bitcoinqubit]

I think it's almost impossible to see bitcoin at half million or the bitcoin market cap as the total money supply in dollars, to see that we need half of the world involved in bitcoin, only a crazy big demand could send the price that high, and to see that will be impossible because lot of govs are against bitcoins, and people is afraid about that. People don't want to hold a coin who could give troubles.

with low supply sometime there is situation when the demand is so huge and the supply is very small and most of the people are holders which mean almost no way to buy coins....this kind of effect drive the value of the coin so high even almost no body sell them.....

in huge supply coins with billions its nver will happen and they need marketcap of trillion of trillions to get small price per coin and demand will never will be huge compare to supply in 30,40,60,100 billions coins,,,,relative to amount of people and other stuff....

but with low supply there can be efeect when the price of coin surge so hard becuase the demand is huge and the supply is low....and no body sell them its sky rocket the coin...

zcash spiked 2.3 miilon dollar per coin and was have much but much less marketcap and volume....

very interesting

few edits

with low supply sometime there is situation when the demand is so huge and the supply is very small and most of the people are holders which mean almost no way to buy coins....this kind of effect drive the value of the coin so high ,

in huge supply coins with billions its never will happen and they need marketcap of trillion of trillions to get small price per coin and demand will never will be huge compare to supply in 30,40,60,100 billions coins,,,,relative to amount of people and other stuff.... the effect that happend to zcash cannot happen on huge supply coins....simple if somebody dont get it just say i will explain more deep

but with low supply there can be effect when the price of coin surge so hard because the demand is so huge and the supply is low....and no body sell them its sky rocket the coin...

zcash spiked to 2.3 milion dollar per coin and was have much but much less marketcap and volume.... then bitcoin and others...

very interesting

[Bitcoinqubit]

So I was thinking.
According to Google, the 2013 estimates of total m2 money supply in US was 10.5 trillion. So if I owned 1 usd today that would be a so a very small percentage of the total number, yes?
But I can own 1 bitcoin today and that means I can own 0.0000048% of total btc supply..

If you think about it, 0.0000048% of total US m2 money would be 504,000 usd.. half a million

So can we say that 1 Btc = $500,000?

Lets discuss..

few edits

with low supply sometime there is situation when the demand is so huge and the supply is very small and most of the people are holders which mean almost no way to buy coins....this kind of effect drive the value of the coin so high ,

in huge supply coins with billions its never will happen and they need marketcap of trillion of trillions to get small price per coin and demand will never will be huge compare to supply in 30,40,60,100 billions coins,,,,relative to amount of people and other stuff.... the effect that happend to zcash cannot happen on huge supply coins....simple if somebody dont get it just say i will explain more deep

but with low supply there can be effect when the price of coin surge so hard because the demand is so huge and the supply is low....and no body sell them its sky rocket the coin...

zcash spiked to 2.3 milion dollar per coin and was have much but much less marketcap and volume.... then bitcoin and others...

very interesting

[NathanJB]

So I was thinking.
According to Google, the 2013 estimates of total m2 money supply in US was 10.5 trillion. So if I owned 1 usd today that would be a so a very small percentage of the total number, yes?
But I can own 1 bitcoin today and that means I can own 0.0000048% of total btc supply..

If you think about it, 0.0000048% of total US m2 money would be 504,000 usd.. half a million

So can we say that 1 Btc = $500,000?

Lets discuss..

I don't know if that is the right computation, mate. Only time will tell. If Bitcoin becomes the main currency of the US, then perhaps 1 BTC will reach as high as $500,000. But that would happen way beyond our lifetime here. But then, BTC will always be used alongside a handful more cryptos. That makes it less than $500,000. 

[bitzizzix]

I don't think that far and like a dream because to reach $ 20,000 bitcoin is very difficult and takes a very long time.
Only hopes and expectations are too high which is not necessarily achieved and if indeed that happens in the future I think there will be many new rich people because the value of bitcoin reaches $ 500,000