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re: So Warren Buffet sees no future in bitcoin...
Posted on 5/14/13 at 11:29 am to Poodlebrain
Posted on 5/14/13 at 11:29 am to Poodlebrain
quote:
Why would anyone be threatened by a commodity with a total market value of approximately $1.2billion? That is just plain silly.
1% of the global GDP.
1
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?
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