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re: So Warren Buffet sees no future in bitcoin...
Posted on 5/14/13 at 11:38 am to Broke
Posted on 5/14/13 at 11:38 am to Broke
quote:
1% of the global GDP
how do we measure bitcoins as a % of GDP?
If we assume 1% of global GDP is $1T, that would mean 1 bitcoin (out of 21 million) would have to be valued at about $48k.
Is that about right? Or am I doing this wrong?
1
Posted on 5/14/13 at 11:43 am to gizmoflak
quote:Yes, very.
Or am I doing this wrong?
1% of GDP is not measuring btc's "market value" but its transactional usage as a percent of the global economy.
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