Bitcoin Forum
January 17, 2018, 05:37:42 AM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: What if Bitcoin replaced the US dollar  (Read 584 times)
JayCoin
Sr. Member
****
Offline Offline

Activity: 408


Crypt'n Since 2011


View Profile WWW
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.

Hello There!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516167462
Hero Member
*
Offline Offline

Posts: 1516167462

View Profile Personal Message (Offline)

Ignore
1516167462
Reply with quote  #2

1516167462
Report to moderator
dark_st3alth
Jr. Member
*
Offline Offline

Activity: 33



View Profile
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.

.: Canadian Programmer, Web Designer, Linux & Windows User, System/Server Administrator :.

Donate: 1PBTSrRPURRAXNvpZoj4dJ2pkApU6Uzp4p

What's up with AMD/ATI & Mining? Forum Link
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!