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.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.