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The total supply of Pi Network is 100 billion. If someone expects the price of each Pi to reach $300, this seems unrealistic. If this happens, the total market value of the Pi Network would reach $30 trillion!
As a comparison:
The market value of Bitcoin at its peak was about 1.3 trillion dollars
The total market value of gold is estimated at around 14 trillion dollars.
The Gross Domestic Product of the United States GDP #BTC 2023( ≈ 27 billion dollars
This means that only when the market value of Pi exceeds the total value of gold, bitcoin, and the US economy, can it reach $300, which of course sounds like a joke. The actual price of Pi will depend on supply and demand and adoption rates.
#Gate.io Has Officially Partnered with Oracle Red Bull Racing #Market Dip: What to Buy? #Weekend Market Analysis
For comparison:
BTC's Market Cap has reached a peak of about $1.3 trillion
The total Market Cap of gold is about $14 trillion
The GDP of the United States is approximately $27 trillion
This means that only when Pi's Market Cap exceeds that of gold, BTC, and the total value of the U.S. economy, it may reach $300, which of course sounds like a joke. The actual price of Pi will depend on supply and demand and trust.
#BTC#(#Gate.io Has Officially Partnered with Oracle Red Bull Racing#