$1,000,000 bitcoin prediction in context
We had the first bitcoin to $1m prediction this week. It sounds crazy but if you look at world currency m2 supplies it's not that crazy.
At 2300 bitcoin supply is $37b
The South African rand supply is $197b or $12,246 per btc
The Brazilian real supply is $719b or $44,695 per btc
Swiss franc supply is $969b or $60,235 per btc
British pound, $2,136b or $132,797 per btc
US dollar m1 $3,800b or $236,216 per btc
Japanese yen $8,682b or $539,711 per btc
Euro $12,181b or $757,000 per btc
Us m2 $13,435b or $835,000 per btc
But is money supply is growing 5 percent for ten years which makes these numbers 71% higher.
Let ADSactly be the first to give this Post some love. This is actually a very good post we are surprised nobody commented on it.
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