Isn't market cap the circulation number times the confirmed price the highest one unit has sold for? So with Bitcoin, if someone a few years ago in a very tight communist country bought a Bitcoin for say $1 million then the market cap would be at $21 trillion.
And $90 trillion is probably not including the national debt they have (and a lot of other countries have).
Which is about $21 trillion itself.
yes it is circulating supply * price. but if someone bought bitcoin for a high price it doesn't mean market price would go there and stay there. there is sell pressure at any point in time which brings the price down to previous values. in other words you can't pump any asset and not see it get dumped. it is only the natural growth that can stay up.
and remember that when you talk about supply it has to be in circulation not tucked away in the dev's wallet as its premine.
ps. the $90 trillion was the total money in the world equivalent in USD not total USD in circulation, I was wrong as someone pointed it out earlier.
Ok, I got almost 60 000 Satoshi
daily from this faucet for 2 years. Let's say I kept those Satoshi, then those Satoshi would be valued a lot by then. 60 000 Sat x 3000/100 = $30/day x 365 days = $10950 per year x 2 = $21900 {2 years}
This will still be a lot of money, if this happens in the next few years. So, let's agree that $1 might be a bit far fetched, but at $0.05 is very realistic, if all other currencies convert to Bitcoin.
a while back I told someone that I was getting paid $1000 per post and they didn't believe me because they did a quick calculation and thought I was lying (0.001
BTC * $500 = $0.5) but in 2018 they started understanding what I was talking about (0.001
BTC * $20000 = $20) and in the near future (0.001
BTC * $1000000 = $1000). and I have held about 90% of what I have earned.
same with freebitco.in
so far I have earned 0.014
BTC in daily profit which in my eyes worth $14000
while we are on the subject I have my eyes on this round's lottery. fingers crossed for the grand prize of 1.4
BTC....