That's right.! I support Pi but extremely hate GCV. It is an illusion and contrary to the intention of PCT.!
Post
Rony Ironside
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Debunking Pi’s GCV and What’s Realistic in 2025?
1 Pi = $314,159. Many pioneers believe this value will come true one day. So, are the pioneers of Pi network daydreaming, or will we ever see such a price come true? Also, what is a realistic price pioneers can hope for by the end of 2025?
We will begin with Bitcoin’s journey. One BTC was valued at about $1 in 2010. For the revolution Pi promises, it’s not wrong to imagine it happening one day. But while doing that, we should understand that BTC’s total supply is 21 million coins. That’s roughly the number of coins Pi network is unlocking every two days until March 23. The total supply stands at 100B, and the total coins in circulation stand at a whopping 7.2 billion. This is roughly 342 times the total supply of BTCs that will ever be available. Even if 19.7 million BTCs are mined globally, it is believed that the last BTC will be mined in 2140 — over a hundred years for almost 1.3 million coins! There are almost 89 billion Pi coins left to be mined!
Those numbers were mentioned to give a basic understanding of the difference in supply between BTC and Pi. BTC’s market cap, at the time of writing, is $1.6 trillion. Outside the crypto market, let us look at the market cap of a few big American companies. Apple’s market cap is $3.4T. Microsoft is at $2.8T. NVIDIA and Amazon are at $2.6T and $2.06T each. The U.S. has the world’s largest economy, with a GDP of $30.4 trillion and a net worth of $123 trillion. These numbers may vary and are only provided to lend a reference; so let us now come back to Pi.
(Without changing the number of Pi coins in circulation)
• Pi’s current market value is $10.01B with a price of $1.38 per coin.
• The market value will be $100B when the price of the coin hits $13.8.
• $1T (1000B) when the price is $138. Pi will stand as a seriouschallenger to BTC’s market cap.
• At $1380 per coin, Pi network will hit a market cap of $10T, beating BTC's market cap by a huge margin.
• Pi will start challenging the USA’s net worth with $13,800 per coin and a market cap of $100T.
• At Pi’s GCV, that is, $314,159, Pi will reach a market cap of $22,00T.
• When the 89B remaining coins are mined (89X the number above), Pi’s market cap will hit $195,800T.
This world is not enough for that kind of money, right?
So let’s start thinking both optimistically and realistically. I’d prefer to use SOL, XRP, and ETH for comparison. SOL has an unlimited supply. In 5 years, SOL is at $123.04 per coin. ETH has 120 million coins. Nearing 10 years, ETH is at $1,909 per coin. XRP has 100B total coins like Pi and 51B already in circulation. Within 13 years in the market, XRP’s current price is $2.16 per coin.
Pi is more locally tradable and apt for real-world use, unlike any of the coins mentioned above. But with 89 billion coins left to be mined, the demand is never going to be as high as $SOL or $ETH . XRP’s price and supply is an example. But SOL has an unlimited number of coins, and it’s still at $123.04, with 560M SOL in circulation. I personally think that is the range we are going to see Pi at in another 5 years. To hit the thousand-dollar mark with this much supply and access, Pi will need over a decade. By the end of 2025, anything between $6–10 is realistic.
While I am no expert at tokenomics, this post is meant to debunk the unrealistic GCV number that a section of the Pi community is raving about. That kind of belief is harmful to the community’s image, which Pi network considers its strength. Because even with a decimal point instead of a comma on that GCV, future still looks good for Pi.
(Please do your own research before investing)
#pi #PiCoreTeam #BinanceAlphaAlert #BTC #solana
We will begin with Bitcoin’s journey. One BTC was valued at about $1 in 2010. For the revolution Pi promises, it’s not wrong to imagine it happening one day. But while doing that, we should understand that BTC’s total supply is 21 million coins. That’s roughly the number of coins Pi network is unlocking every two days until March 23. The total supply stands at 100B, and the total coins in circulation stand at a whopping 7.2 billion. This is roughly 342 times the total supply of BTCs that will ever be available. Even if 19.7 million BTCs are mined globally, it is believed that the last BTC will be mined in 2140 — over a hundred years for almost 1.3 million coins! There are almost 89 billion Pi coins left to be mined!
Those numbers were mentioned to give a basic understanding of the difference in supply between BTC and Pi. BTC’s market cap, at the time of writing, is $1.6 trillion. Outside the crypto market, let us look at the market cap of a few big American companies. Apple’s market cap is $3.4T. Microsoft is at $2.8T. NVIDIA and Amazon are at $2.6T and $2.06T each. The U.S. has the world’s largest economy, with a GDP of $30.4 trillion and a net worth of $123 trillion. These numbers may vary and are only provided to lend a reference; so let us now come back to Pi.
(Without changing the number of Pi coins in circulation)
• Pi’s current market value is $10.01B with a price of $1.38 per coin.
• The market value will be $100B when the price of the coin hits $13.8.
• $1T (1000B) when the price is $138. Pi will stand as a seriouschallenger to BTC’s market cap.
• At $1380 per coin, Pi network will hit a market cap of $10T, beating BTC's market cap by a huge margin.
• Pi will start challenging the USA’s net worth with $13,800 per coin and a market cap of $100T.
• At Pi’s GCV, that is, $314,159, Pi will reach a market cap of $22,00T.
• When the 89B remaining coins are mined (89X the number above), Pi’s market cap will hit $195,800T.
This world is not enough for that kind of money, right?
So let’s start thinking both optimistically and realistically. I’d prefer to use SOL, XRP, and ETH for comparison. SOL has an unlimited supply. In 5 years, SOL is at $123.04 per coin. ETH has 120 million coins. Nearing 10 years, ETH is at $1,909 per coin. XRP has 100B total coins like Pi and 51B already in circulation. Within 13 years in the market, XRP’s current price is $2.16 per coin.
Pi is more locally tradable and apt for real-world use, unlike any of the coins mentioned above. But with 89 billion coins left to be mined, the demand is never going to be as high as $SOL or $ETH . XRP’s price and supply is an example. But SOL has an unlimited number of coins, and it’s still at $123.04, with 560M SOL in circulation. I personally think that is the range we are going to see Pi at in another 5 years. To hit the thousand-dollar mark with this much supply and access, Pi will need over a decade. By the end of 2025, anything between $6–10 is realistic.
While I am no expert at tokenomics, this post is meant to debunk the unrealistic GCV number that a section of the Pi community is raving about. That kind of belief is harmful to the community’s image, which Pi network considers its strength. Because even with a decimal point instead of a comma on that GCV, future still looks good for Pi.
(Please do your own research before investing)
#pi #PiCoreTeam #BinanceAlphaAlert #BTC #solana
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.