Recently, Money Button CEO Ryan x Charles posted a video in which he shared his views on the current position of BTC. He explained that the real value of the coin is the creation of a financial system that will offer us a good digital currency. Ryan also noted that this digital money can be used around the world. Individuals will be able to engage in trade with legal entities in such a way that no intermediaries will be able to block or freeze payments to their advantage.
For example, someone from Venezuela can trade with someone from the US, and at the same time there will be no more intermediaries who care only about their own benefit
Then he revealed the prospects of Bitcoin in the context of the price of the coin. In his opinion, if Bitcoin was used as a" world currency", it would be much easier to estimate its value. If we assume that Fiat currencies will remain a medium of exchange, the price of Bitcoin in the context of the Fiat currency can be determined by its money supply.
How to get bitcoin for a million?
He spoke about the different ways of offering the us dollar, where this figure is calculated using monetary aggregates M0, M1 and M2, that is, different types of money. According to Ryan, in the case of the us dollar, the money supply of M2 is 14 trillion dollars, and with the addition of several other currencies, it can be estimated at about 21 trillion. He added that this 21 trillion can be divided into 21 million bitcoins, that is, the maximum offer "designated" by the Protocol. If this assumption is applicable, it is quite obvious that the price of Bitcoin can reach a million dollars.
Ryan notes that this is only a rough estimate of the possible value of Bitcoin in case it is recognized as a world currency. In fact, the value may be higher, because as we move to this point, the economy is growing.