₿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
BITCOIN (npub14s6…pq47) for the scaled inverted triangle image inspiration scaled to these numbers
Published at
2024-08-10 06:42:10Event JSON
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"content": "Fun back-of-the-napkin #bitcoin gymnastics:\n\nGlobal currencies’ M2 (money supply plus less liquid assets like deposits) guess = $113 trillion USD equivalent\n\n19.7 million #bitcoin in circulation\n\nImplied value per circulated #bitcoin = $5.7 million\n\n…then again…\n\n~300,000 #bitcoin traded on exchanges around the world (pretend this is all that is available to acquire)\n\nImplied value = ~$375 million per traded #bitcoin\n\nSomewhat bearish, but even then why sell? Study #bitcoin and have fun. Credit to nostr:npub14s6q5rl6fpvfax90s4mh23ffarze7l73zrcmeqedp6x5cnfarpfss0pq47 for the scaled inverted triangle image inspiration scaled to these numbers https://image.nostr.build/a21467bf232adbebdc310d98ecba75b6afdd0c6bb2ca580db9e3a2526de7c109.jpg ",
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