* BTC to 1 Million Dollars each - What does the Maths Look like?
Ok so no doubt you've heard this over and over again. BTC will hit 1 million dollars one day! But what would the numbers look like if that were to happen, and how easy would it be?
BTC Current price today: $84,548
Current MC: 1.7T
For BTC to hit 1 Million Dollars each from this price point it would need to do a 11.8276x.
What would the MC need to be?
MC would need to reach roughly 20.107 Trillion for BTC to 1 million to become a reality.
The current stock with the most valuable MC today is NVIDIA with about 5.67 Trillion.
But I digress, let's put it into a more apt comparison:
Gold's MC today sits at close to 31.1 Trillion.
Much like Gold, BTC is scarce. It only has a 21 Million Max supply. And there is a reported amount of 2.3 - 4 million BTC which is lost forever.
The world is heading more towards the digital and more and more Governments / private equities are buying and storing BTC.
So do I think $BTC will reach 1 Million per coin? I absolutely do.
I think it could even possibly reach 1.5 million if it got close to Gold's MC. That is 17.74x from where we are right now.
Ok so no doubt you've heard this over and over again. BTC will hit 1 million dollars one day! But what would the numbers look like if that were to happen, and how easy would it be?
BTC Current price today: $84,548
Current MC: 1.7T
For BTC to hit 1 Million Dollars each from this price point it would need to do a 11.8276x.
What would the MC need to be?
MC would need to reach roughly 20.107 Trillion for BTC to 1 million to become a reality.
The current stock with the most valuable MC today is NVIDIA with about 5.67 Trillion.
But I digress, let's put it into a more apt comparison:
Gold's MC today sits at close to 31.1 Trillion.
Much like Gold, BTC is scarce. It only has a 21 Million Max supply. And there is a reported amount of 2.3 - 4 million BTC which is lost forever.
The world is heading more towards the digital and more and more Governments / private equities are buying and storing BTC.
So do I think $BTC will reach 1 Million per coin? I absolutely do.
I think it could even possibly reach 1.5 million if it got close to Gold's MC. That is 17.74x from where we are right now.