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RE: If bitcoin were to keep following the pattern from 2012...

in #bitcoin5 years ago

Yeah, I know. But total market cap of bitcoin at a price above 1 million. That is an insanely amount of value. That would be something like 2,6e13 dollars (that would be 26 trillion if I calculated that correctly). As far as I know that is more money than the total debt of the USA.

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It would be 3x the current gold market.

That would be big enough to change how the world market works.

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Yep big time, though, it bitcoin is worth $1.5 million it would be interesting to see what the purchasing power of the dollar actually. I mean if every other market is worth significantly more than it is right now as well (in dollar terms) it gives that kind of price some context.