Re:Long Island Iced Tea Soars 500% After Changing Its Name t...
by ghostbrainalpha on Thursday December 21, 2017 @03:06PM
(#15982336)
I see that number all the time as well, but i'm confused.
There is less than 2 Trillion in Gold in the entire world. If you divide 2 Trillion / 21 Million (total number of possible bitcoins), you would get BTC of $100,000 equals the market cap of Gold. Not $500,000.
By my math BTC of $500,000 would be 5x the market cap of gold. Would someone explain how my math is wrong?
There is less than 2 Trillion in Gold in the entire world. If you divide 2 Trillion / 21 Million (total number of possible bitcoins), you would get BTC of $100,000 equals the market cap of Gold. Not $500,000.
By my math BTC of $500,000 would be 5x the market cap of gold. Would someone explain how my math is wrong?