the global marketcapitalisation is approximately 630 Trillion USD = 630 * 10^18$ = 630 000 000 000 000 000 000 US$
There are 21 Million BTC available, and one BTC can be split into satoshis. 1 BTC = 10^8 sat = 100 000 000 sat
So if we would replace all available money with BTC:
630 000 000 000 000 000 000 / (100 000 000 * 21 000 000) = 300 000$
That means if all money is replaced by BTC one satoshi equals 300 000 US$ (grats to all us early adopters in this case
)
BUT this is NOT possible because how will you buy bread, shoes, everything except you always give 300 000$ and and the trest is the tip
)
So do i have misscalculated ? Is my source wrong ? How would you say this problem can be fixed ?
A source of my information, they got a nice graph, including BTC, check it out!
http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
That's a big and detailed calculation to take role as an mainstream currency. Reading it one could easily understand the difficulties behind the mainstream flow or for a single currency system through out. A currency value cannot go beyond certain limit which decreases the usability and ease of use. There are 21 Million BTC available, and one BTC can be split into satoshis. 1 BTC = 10^8 sat = 100 000 000 sat
So if we would replace all available money with BTC:
630 000 000 000 000 000 000 / (100 000 000 * 21 000 000) = 300 000$
That means if all money is replaced by BTC one satoshi equals 300 000 US$ (grats to all us early adopters in this case
)BUT this is NOT possible because how will you buy bread, shoes, everything except you always give 300 000$ and and the trest is the tip
)So do i have misscalculated ? Is my source wrong ? How would you say this problem can be fixed ?
A source of my information, they got a nice graph, including BTC, check it out!
http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/
