The Magic Number is $756.01 US

[Gleb Gamow]

The title depicts what the exchange rate needs to be for Bitcoin to have a market cap of $10B.

Calculated: $10,000,000,000/13,227,375 BTC = $756.01 US

I'll update the thread's title periodically.

~Bruno Kucinskas

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[findftp]

The title depicts what the exchange rate needs to be for Bitcoin to have a market cap of $10B.

Calculated: $10,000,000,000/13,225,600 BTC = $756.11 US

I'll update the thread's title periodically.

~Bruno Kucinskas

Would you care to explain why bitcoin need to have a market cap of $10B?
Why this magic number?

[Somekindabitcoin]

He would just love a 10 billion dollar market cap.

[Jamacn]

who says the Bitcoin have a market cap of $10B?

[Somekindabitcoin]

He's implying that the price of a single bitcoin will have to be 756.11 for the market cap to hit 10,000,000,000 dollars.

There are 13,000,000+ mined so far.

[razorramon]

10 billion will be a nice number for blogs and newspapers

[cbeast]

Arbitrary numbers are boring. Nobody reads newspapers to read about numbers. People read newspapers with stories about violence and scandal. I would rather hear about the Bitcoin CEO being the terrorist mastermind behind The Honey Boo Boo show.

[razorramon]

Arbitrary numbers are boring. Nobody reads newspapers to read about numbers. People read newspapers with stories about violence and scandal. I would rather hear about the Bitcoin CEO being the terrorist mastermind behind The Honey Boo Boo show.

not everyone lives in the usa

[Somekindabitcoin]

Arbitrary numbers are boring. Nobody reads newspapers to read about numbers. People read newspapers with stories about violence and scandal. I would rather hear about the Bitcoin CEO being the terrorist mastermind behind The Honey Boo Boo show.

I'm pretty sure the number 10,000,000,000 written that way would catch anyone into reading the article.

[Gleb Gamow]

Arbitrary numbers are boring. Nobody reads newspapers to read about numbers. People read newspapers with stories about violence and scandal. I would rather hear about the Bitcoin CEO being the terrorist mastermind behind The Honey Boo Boo show.

I'm pretty sure the number 10,000,000,000 written that way would catch anyone into reading the article.

Future Headlines: Bitcoin's Market Cap Once Again Breaks 1,000,000,000,000 US Cents Wall

The title and OP have been updated.

[anasazi]

not everyone lives in the usa

Wrong.

[OgNasty]

Instead of tracking a 10B market cap, you could track something like the market cap of various tech and money transfer companies.  You should also use all 21 million coins in your magic number, since people already know they will exist and the market has theoretically already corrected for their presence.

Market Cap = 1 BTC price

MoneyGram = $36
Western Union = $440
Twitter = $1,380
GLD ETF = $1,538
SPY ETF = $8,231
Facebook = $9,517
Apple = $29,454

[kevin08]

Arbitrary numbers are boring. Nobody reads newspapers to read about numbers. People read newspapers with stories about violence and scandal. I would rather hear about the Bitcoin CEO being the terrorist mastermind behind The Honey Boo Boo show.

I'm pretty sure the number 10,000,000,000 written that way would catch anyone into reading the article.

When you are investing you notice the market cap has gone below or above another billion. The ten billion mark is a big marker, like when the price of an individual bitcoin goes below or above another hundred dollars.

[Brewins]

The title depicts what the exchange rate needs to be for Bitcoin to have a market cap of $10B.

Calculated: $10,000,000,000/13,225,950 BTC = $756.09 US

I'll update the thread's title periodically.

~Bruno Kucinskas

There are 3600 new Bitcoins around every day.
And we know not all Bitcoins are avaliable on exchanges(some are missing for one reason or another, etc), so the true ammount of money needed to be pumped into exchanges is lower than the difference 10B - current market cap.

The fact many things happen outside of exchanges makes me don't take the market cap number too seriously, to tell the truth.

[piramida]

The fact many things happen outside of exchanges makes me don't take the market cap number too seriously, to tell the truth.

To tell the truth, no one really cares whether or not you or I take the market cap seriously. It just is. Every OTC activity affects the price on exchanges anyway. If there are more people willing to sell OTC than there are buyers, then they go and sell on exchange, lowering the price. If the reverse is true, price on exchanges rises. If the price is stable, it means OTC deals are more or less balanced in supply-demand which means it is a fair price.

[Kupsi]

Instead of tracking a 10B market cap, you could track something like the market cap of various tech and money transfer companies.  You should also use all 21 million coins in your magic number, since people already know they will exist and the market has theoretically already corrected for their presence.

Market Cap = 1 BTC price

MoneyGram = $36
Western Union = $440
Twitter = $1,380
GLD ETF = $1,538
SPY ETF = $8,231
Facebook = $9,517
Apple = $29,454

Gold = $352,525
Tax haven bank accounts = $1,428,571    (Source: RunToGold.com)

[Gleb Gamow]

Calculated: $10,000,000,000/13,227,375 BTC = $756.01 US

The title has been updated.

[nottoorich]

When bitcoin will hit the market cap of Apple the value will be much higher than today, and it won't stop there.

[cryptozio]

Ok I got the magic number but when we will reach again that price?

[ssmc2]

Ok I got the magic number but when we will reach again that price?

October 12th 2014