Unit value of BTC wallets
At first this is an analysis just out of curiosity, maybe it doesn't mean anything...
The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation.
Then:
BTCUSD = U$ 19 K
BTC_SUPPLY = 19,176 M units
BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B
What would happen if the market value were evenly distributed among all wallet addresses?
Calculation:
BTC MarketCap = $365.3 B
Number of BTC's wallet addresses = 1,036 B
Unit value per wallet = BTC MarketCap ÷ Number of BTC's wallet addresses = U$352
Graphically speaking, the value is in an interesting region, at the 0.618 Fibonacci retracement.
The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation.
Then:
BTCUSD = U$ 19 K
BTC_SUPPLY = 19,176 M units
BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B
What would happen if the market value were evenly distributed among all wallet addresses?
Calculation:
BTC MarketCap = $365.3 B
Number of BTC's wallet addresses = 1,036 B
Unit value per wallet = BTC MarketCap ÷ Number of BTC's wallet addresses = U$352
Graphically speaking, the value is in an interesting region, at the 0.618 Fibonacci retracement.
To contribute to my work:
⚡Bitcoin Lightning: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵PayPal: paypal.com/donate/?hosted_button_id=D9KRKY5HMSL9S
⚡Bitcoin Lightning: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵PayPal: paypal.com/donate/?hosted_button_id=D9KRKY5HMSL9S
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