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nawitus on April 1, 2013 | parent | context | favorite | on: Bitcoin exchange rate reached $100 USD per BTC

If bitcoin ever gets widely adopted, one bitcoin will be worth atleast thousands of dollars.

iso-8859-1 on April 1, 2013 [–]

did you do the math or are you just pulling numbers out of your hat?

mrb on April 1, 2013 | [–]

That is just math.

The worldwide money supply is roughly 50 trillion USD (~20 trillion USD + ~20 trillion EUR + others).

If Bitcoin ends up capturing 0.1% of $50 trillion, this is $50 billion, divided by 21M bitcoins total = $2400 per bitcoin.

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