How many Bitcoins would it take to pay off the U.S. National Debt?

And what would the value of Bitcoin be if we could?

View this email in your browser Happy Sunday. I realize that the purpose of a blockchain is to document the past, so maybe we shouldn't spend so much time prophesizing the future... ...but as we approach an important event in Bitcoin's history, here's an interesting thought for the day. The U.S. National Debt is currently at $24.7 trillion. Bitcoin has a finite supply of 21 million BTC. If every single Bitcoin ever mined, plus those still to come (and the millions presumed lost) were rounded up and used to pay off the National Debt... the value of one Bitcoin would need to be $1,177,128. (At the current price of around $7,650, we'd need 3.2 billion BTC to pay it off.) Here's the weird thing. If Bitcoin actually DID reach $1,177,128... then one Satoshi would be worth just over one cent. This piece on large numbers and small fractions — and their impact on Bitcoin adoption — is worth reading. Perhaps if Bitcoin settles at $1M per coin, we really will be using sats the way we use pennies today. What would be a good name for 100 sats, in that case? A Nakabuck? A Finneyback? Send your idea to magazine@cointelegraph.com and I'll publish the best ones!   For our weekly newsletter you can subscribe here. And of course, you can also follow Magazine on Twitter! Jon Rice, Managing Editor at Cointelegraph Magazine P.S. I'm still looking for exceptional feature writers. You can apply here.   The Road to Bitcoin Adoption is Paved with Whole Numbers Volatility doesn't exactly help Bitcoin's adoption as a day-to-day currency, but neither do its denominations. Read more Journeys in Blockchain with Leemon Baird of Hedera Hashgraph "There's a lot of tuning we can do to make this thing faster. Right now, we've slowed it down to a mere 10,000 TPS but that's so far beyond what people are using, it's not urgent." Read more ICYMI: China's Digital Yuan is an Economic Cyberweapon... As China gets closer to deploying its Central Bank Digital Currency, Jonathan Rosenoer asks why the U.S. is unilaterally disarming in the face of what he describes as a "serious challenge to national security". Read more Jimmy Nguyen's Epic Fail: Charlie Lee & Chris Spadafora Nailed It Where on earth is Jimmy Nguyen? The Kleiman estate's lawyers seek him here, they seek him there... but like Satoshi, he's found nowhere. Meanwhile, a pair of charitable kings donated their poker winnings to the Crypto vs COVID cause. (Warning: the first half of this article contains sarcasm. Do not be alarmed.) Read more 1.5 mln people follow us on social media Download our official app:

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