₿eni₿idi₿ici on Nostr: Fun back-of-the-napkin #bitcoin gymnastics: Global currencies’ M2 (money supply ...
Fun back-of-the-napkin #bitcoin gymnastics:
Global currencies’ M2 (money supply plus less liquid assets like deposits) guess = $113 trillion USD equivalent
19.7 million #bitcoin in circulation
Implied value per circulated #bitcoin = $5.7 million
…then again…
~300,000 #bitcoin traded on exchanges around the world (pretend this is all that is available to acquire)
Implied value = ~$375 million per traded #bitcoin
Somewhat bearish, but even then why sell? Study #bitcoin and have fun. Credit to BTC (npub14s6…pq47) for the scaled inverted triangle image inspiration scaled to these numbers
Global currencies’ M2 (money supply plus less liquid assets like deposits) guess = $113 trillion USD equivalent
19.7 million #bitcoin in circulation
Implied value per circulated #bitcoin = $5.7 million
…then again…
~300,000 #bitcoin traded on exchanges around the world (pretend this is all that is available to acquire)
Implied value = ~$375 million per traded #bitcoin
Somewhat bearish, but even then why sell? Study #bitcoin and have fun. Credit to BTC (npub14s6…pq47) for the scaled inverted triangle image inspiration scaled to these numbers