Zhao Changpeng is renowned in the cryptocurrency space, holding as many as 633,000 bitcoins, which is undoubtedly a considerable amount. The total supply of bitcoins is set at 21 million. When we conduct simple theoretical calculations, we discover some interesting phenomena. The U.S. national debt is as high as 36 trillion dollars. If we calculate based on the current price of around 100,000 dollars per bitcoin, to match its total market value with the U.S. national debt, either the price of each bitcoin would need to soar to 1 million dollars, or one hundred million bitcoins would have to be magically created out of thin air. After all, as a virtual currency, additional issuance does not require the physical costs associated with traditional currencies, such as paper. However, this scenario faces numerous obstacles in reality and is nearly impossible to achieve.
The Federal Reserve compares bitcoin to 'virtual gold.' The Federal Reserve currently holds 8,000 tons of gold, which, based on the current gold price, is approximately 660 billion dollars. If we use this as a reference to compare bitcoin's total value, then the theoretical value of each bitcoin is about 31,700 dollars. However, this is merely an estimation at the theoretical level. If there were to be an extreme situation where all 21 million bitcoins were sold off, the market would inevitably fall into a severe state of oversupply, and at that time, the price would likely plummet to below 100 dollars per bitcoin. But it must be made clear that in the real financial market environment, such extreme situations are unlikely to occur.
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