Trader BM
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The total supply of Pi Network is 100 billion. If someone expects the price of each Pi to reach $300, this seems unrealistic. If this happens, the total market value of the Pi Network would reach $30 trillion!
As a comparison:
The market value of Bitcoin at its peak was about 1.3 trillion dollars
The total market value of gold is estimated at around 14 trillion dollars.
The Gross Domestic Product of the United States GDP #BTC#2023( ≈ 27 billion dollars
This means that only when the market value of Pi exceeds the total value of gold, bitcoin, and the US economy, can it reach $300, which of course sounds like a joke. The actual price of Pi will depend on supply and demand and adoption rates.
#GeopoliticalImpactOnBTC
As a comparison:
The market value of Bitcoin at its peak was about 1.3 trillion dollars
The total market value of gold is estimated at around 14 trillion dollars.
The Gross Domestic Product of the United States GDP #BTC#2023( ≈ 27 billion dollars
This means that only when the market value of Pi exceeds the total value of gold, bitcoin, and the US economy, can it reach $300, which of course sounds like a joke. The actual price of Pi will depend on supply and demand and adoption rates.
#GeopoliticalImpactOnBTC
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