andre_007

Unit value of BTC wallets

Long
At first this is an analysis just out of curiosity, maybe it doesn't mean anything...

The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation.

Then:
BTCUSD = U$ 19 K
BTC_SUPPLY = 19,176 M units
BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B

What would happen if the market value were evenly distributed among all wallet addresses?

Calculation:
BTC MarketCap = $365.3 B
Number of BTC's wallet addresses = 1,036 B
Unit value per wallet = BTC MarketCap ÷ Number of BTC's wallet addresses = U$352

Graphically speaking, the value is in an interesting region, at the 0.618 Fibonacci retracement.

To contribute to my work, I accept cryptocurrency and Paypal.
⚡Bitcoin Lightning Network: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵Paypal: www.paypal.com/donate/?hosted_button_id=96MNFFT9YR35S
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.