/biz/ - Business & Finance

Anonymous Sat Jan 11 23:36:48 2020 No.16822813 [View]
File: 134 KB, 450x368, 450px-Bitcointrading.png [View same] [iqdb] [saucenao] [google]

>>16822668
Hypothetically, if BTC reaches $1 million, it's marketcap would be around $16.5 trillion, comparable to US GDP.

It's easy to see why such valuation would is impossible. Most of the trading occurs at countries with high GDP per capita because people in these countries have more money spend. If you divide up $16.5 trillion market cap based on the percentages in the chart, you will see that the marketcap in each country would be a significant part of its GDP, which is ridiculous.

https://hackernoon.com/the-case-for-the-1-million-dollar-bitcoin-1602e8840fb8

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