2024-03-04

Connecting The Dots - BTC in Perspective

It’s impossible to predict the price of BTC going forward, but by taking a snapshot of where it is today as it hovers around its previous all-time high, the total global impact of Bitcoin can be put into perspective.

1. 5,000 BTC used to get you a pizza — now it’s worth more than some countries.

2. There was a time when 10,000 BTC would get you a couple of pizzas. Today, a single Bitcoin would buy nearly 1,000 shares in Papa John’s, the fourth-largest pizza chain by market value

3.  Bitcoin’s (BTC) current pricing at $68,492 comes with a total market value of $1.31 trillion, is about a billion dollars more than all the Swiss francs in circulation. 

4. In fact, if Bitcoin were a fiat currency, it would be the 13th-largest in the world by market capitalization. This means there are only 12 fiat currencies with enough circulation to buy all the Bitcoin currency available.

5. At its current market value, a hodler with 10,000 BTC in their portfolio would have around $666.4 million and, technically, more global purchasing power than 97 countries.

6. Taking things a step further, if Bitcoin were to hit $100,000 per coin, based on current rankings, it would likely wind up somewhere between seventh and eighth on the list of most valuable fiat currencies by market cap. This would put it between the Indian rupee and the Canadian dollar.

7. At a million dollars a coin, Bitcoin would have a market cap of somewhere slightly below $21 trillion. At this hypothetical threshold, BTC would have a larger cap than any other fiat currency, except for the yuan and U.S. dollar.

https://cointelegraph.com/news/how-much-bitcoin-btc-could-buy-all-fiat-currency