This is because if the entire world economy converted to LTC it would be 1M each.
Good to know.
Sometimes I get lost with the english billion/trillion (because in Spanish “un billón” is equivalent to the English “one trillion”, etc.) here is why: Long and short scales - Wikipedia
So, sorry if I’m wrong with the calculations:
There will be 84 millions of LTC at max, per one million $ each, I understand it would be 84 trillions $ of marketcap (right?).
There are more than 84 trillion $ in the entire world economy, much more, so… I think you might be wrong
That includes a lot more than dollars and cents though. You wouldn’t use a house a currency you know what I mean? If you look in the chart the number I go off of is broad money under global money supply. That includes all physical and non-physical “cash”.
So 90 Trillion (this is probably the more updated number than I got) so ltc will cap probably a little above 1m and that’s if it takes over the world lol, more realistically there will be a few main cryptos and some places will still use fiat etc. So maybe we cap at 250k? Idk.
Well, the problem here is how you define “global money supply”.
We should go to the monetary aggregates definitions: M0 M1 M2… that, as you said, includes physical and virtual money (deposits, money created by banks, etc.).
Even only with that, 84 trillions $ is short, there is much more money in the world. Anyway, you said in your fist post “the world economy” and not “the world money”, the economy includes goods and services
250k $ would be really nice anyway xDD