What is the market value required for Bitcoin to reach a million dollars? To calculate how much total market capitalization Bitcoin needs to reach a price of $1,000,000 per Bitcoin, we need to know the total number of Bitcoin currently available on the market and then multiply it by the price target.
Formula:
Required Market Value = Total Bitcoin Times $1,000,000
From the picture, it shows that the total number of Bitcoin currently in circulation is 19.75 million Bitcoins.
Calculation:
Required market capitalization = 19,750,000 BTC times $1,000,000 = $19.75 trillion
Therefore, Bitcoin needs a total market capitalization of $19.75 trillion to reach a price of $1,000,000 per Bitcoin