What could be the price of bitcoin if total market cap of crypto is $50 trillion and Bitcoin has a 40% dominance?
1. Total crypto market capitalization: $50 trillion
2. Bitcoin dominance: 40%
Calculation:
Bitcoin market capitalization = Total crypto market capitalization x Bitcoin dominance
= $50 trillion x 0.4
= $20 trillion
Bitcoin price calculation:
We'll use the total supply of Bitcoin, which is approximately 21 million.
Bitcoin price = Bitcoin market capitalization / Total supply
= $20 trillion / 21 million
≈ $952,381
So, if the total crypto market capitalization reaches $50 trillion and Bitcoin maintains a 40% dominance, Bitcoin's potential price could be around $952,381.
