economy size
| value of 1 BTC
|
the global money supply is estimated at some USD 70 trillion. Let's assume 60 trillion for the sake of argument. This money changes hands daily to support the world economy.
1.
6 billion people in the world. Average of USD 10,000 for each person in the world. Compared with the maximum of BTC = average of 0,0035 BTC for each person in the word
2.
If only 0.001% of all trade in the world would be done via BTC, that would replace the function of USD 600,000,000 of currency (approx USD28/BTC). Imagine if that portion would be 1%.
3.
Imagine that 6 billion people on earth all have 1 BTC in average to let their whole economy function (USD2,857,142/BTC).
4.
There is a high probability that the spreading of BTC will follow the classic rules of adoption of new ideas (provided it overcomes the current technical hurdles). On average, if 13% uses BTC, the rest will follow without a doubt.
Background:
http://en.wikipedia.org/wiki/Diffusion_of_innovations
http://www.sciencedaily.com/releases/2011/07/110725190044.htm (we just need to believe in BTC's success hard enough)
5.
Hence, it's always hoarding time....