Theoretical highest value of BTC

I try to solve the math for the theoretical highest value of BTC!

The following numbers are for December 2017 and must be adjusted for inflation for the current year.

According to the CIA World Factbook, there were approximately 80 trillion US$ in terms of 'broad money' (M2 for the CIA World Factbook) in circulation on the planet in December 2017 when national currency units have been converted to US dollars at the closing exchange rate on the date of the information.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html

According to Statista, in the same period were 16.78 million BTC mined.

https://www.statista.com/statistics/247280/number-of-bitcoins-in-circulation/

This means that 1 BTC can get up to (80,000,000,000,000/16,780,000=) 4,767,580.45 US$ in value with total global adoption. This number goes up as inflation devalues the US$ after December 2017.

According to Fortune, about 4 million BTC or in other words about 20% of all BTC have been lost forever due to the loss of private keys. It is to assume that more BTC will be lost forever in the future. Thus, the (available) total number of BTC will decrease in one point in the (far) future.

https://fortune.com/2017/11/25/lost-bitcoins/

Taking permanent loss of BTC in consideration, a higher theoretical value of 1 BTC is (4,767,580.45/0.8=) 5,959,475.56 US$ or in other words 1 sat is worth about 6 US cents in December 2017.

A much higher value can be expected in terms of M3 or oven M4 once legal and technological difficulties have been solved regarding loans, government bonds, options, futures and other derivatives in BTC.

An even higher value could lead to new subunits of BTC besides sat.

submitted by /u/MyskJouron
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