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Author Topic: What if Bitcoin replaced the US dollar  (Read 506 times)
JayCoin
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December 06, 2011, 01:27:15 AM
 #1

There is about $9 Trillion of M2(cash plus money in savings,checking and small CDs) money in the USA.  So with simple some simple math

$9,000,000 Million / BTC 21 Million(total bitcoin ever to be mined) ~= $428,000 / BTC

So if bitcoin replaced all of US dollars, 1 Bitcoin would have the same buying power as $428,000 does right now.

If Bitcoin replaced 1% of US dollars as a currency, 1 Bitcoin would have the same buying power as $4,280 does right now.

Something to think about.

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dark_st3alth
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December 06, 2011, 02:59:54 AM
 #2

There is about $9 Trillion of M2(cash plus money in savings,checking and small CDs) money in the USA.  So with simple some simple math

$9,000,000 Million / BTC 21 Million(total bitcoin ever to be mined) ~= $428,000 / BTC

So if bitcoin replaced all of US dollars, 1 Bitcoin would have the same buying power as $428,000 does right now.

If Bitcoin replaced 1% of US dollars as a currency, 1 Bitcoin would have the same buying power as $4,280 does right now.

Something to think about.

Yea even at it's "current" value of about $2, that's twice as powerful then most currencies in the whole world.

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