🌟WORLD GDP vs PI MARKET CAP🌟
Pi gcv price $314159 has become a topic of discussion, today we take a look at the true wealth of the entire world!
Not Real GDP, but the estimated total value that actually exists on Earth, but is not counted in GDP. That is, all animals, plants, minerals, water, forests, oceans, oil, gold, silver - everything that makes this Earth invaluable.
Some important points
1. Real World Estimate (with a little imagination)
Many prominent scientists and economists have estimated that if Earth were to be sold with all its resources, its price could be between $500 quadrillion and $1000 quadrillion. (Source: some theoretical space economics estimates)
Scientists and space economists have estimated the value of Earth and nearby resources (asteroid mining, etc.) to be between $500 quadrillion and 1 quintillion. There is truth in this imagination, but it is speculative (i.e., based on imagination). Dr. Nicholas and the core team are also scientists, now you think 😂
Let's read some sources
🔍. Scientific American (Famous Science Magazine)
It had published an article asking:
"How much is planet Earth worth?"
They talked to some astrophysicists.
According to the calculation, the price of Earth is estimated to be between ~$5 quadrillion and $500 quadrillion
depending on the value of minerals, life, atmosphere, etc.
🔍. Greg Laughlin (Astrophysicist, University of California)
Greg Laughlin created a formula in which he explained how to calculate the "economic value" of any planet.
According to Laughlin's calculations, the value of Earth was estimated at ~$5 quadrillion.
🔍. NASA / Space Economics
Several theoretical papers on Space economics have mentioned that if we sell the amount of gold and metals in an asteroid (like 16 Psyche), its value could reach $10,000 quadrillion.
This means the value of just one asteroid could be a thousand times more than the entire Earth's GDP!
🔍. Articles from Popular Mechanics, Forbes, Business Insider, etc.
All of them have theoretically estimated that if the entire land, sea, minerals, life, etc. of Earth were to be valued, its price could be around several thousand quadrillion dollars or 1000 quintillion dollars.
2. Breakdown imagination
• All the minerals of the Earth (Gold, Silver, Oil, Lithium, etc.) = thousands of trillion dollars
• Arable land = priceless
• Freshwater (water) = countless value
• All living beings, plants, marine life = invaluable (which cannot be assigned a fixed price)
• Human life = infinite value (beyond the scope of valuation)
3. Final estimate
If we imagine combining everything, the total wealth of the Earth can be estimated at least $1 Quintillion USD (i.e., $1,000,000,000,000,000,000) or even more. (Above 1000 Quadrillion USD!)
Now we come to the Pi Network
Let's assume
• Pi Coins Total Supply: 100 Billion (100,000,000,000) which will take about 500 years ± to mine.
• GCV Price per Pi: $314,159
So, the Market Cap will be created
100,000,000,000 x 314,159 = 31,415,900,000,000,000\ {USD}
Make a comparison
• Pi Network's Market Cap = 31.415 Quadrillion USD
• Imaginary wealth of the entire Earth = 1000 Quadrillion USD
That means Pi Network's potential Market Cap will be 20-30% of the total wealth of Earth!
In plain language
What you are thinking is theoretically possible. If in the future, all of Earth's resources are digitally managed (tokenization), and a decentralized ecosystem like Pi is adopted, then yes, Pi can reach this goal.
This is a dream, but a dream that can become reality with hard work and patience in the right direction.
Now the question arises, why is Pi's GCV Price set at $314,159? Why not less?
If Pi's GCV were set very low, a large portion of the 100 billion Pi coins would end up in the hands of a select few wealthy individuals. They would acquire so much wealth that they could control the entire world's economy as they wished. This would again create inequality, which we are already seeing in today's fiat system.
Understand with an example
If Pi's GCV were only $10,000
100,000,000,000 x 10,000 = 1,000,000,000,000,000\ {USD} = 1 Quadrillion USD
which would be only 0.1% of the entire Earth's wealth. In this case, some wealthy individuals could accumulate Pi cheaply and seize the entire wealth. Therefore, GCV was set at a high value like $314,159, so that Pi Coin remains only with those who are truly working hard, building the ecosystem, and striving to improve the future.
@pibren's final message
Pi is not just a Coin; Pi is a dream of a world where equality, freedom, and real wealth are for everyone.
Trust, build, and be patient - our time is coming! For every update of Pi, Telegram 👉🏿 @pibren 🌱
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