u/luckifan23

He is saying that for Toshi to reach $0.01 it would exceed Bitcoin’s market cap.

I did my own math and asked ChatGPT to confirm. Below is what I got, please confirm if this is correct:

Toshi circulating supply: 420.7 billion coins

Market cap formula:
Market Cap = Price × Circulating Supply

420.7B × $0.01 = about $4.2 billion market cap

420.7\text{B} \times 0.01 = 4.207\text{B}

Bitcoin’s market cap is currently around $1.6 trillion.

So at $0.01, Toshi would still be nowhere near Bitcoin’s market cap.

For Toshi to match Bitcoin’s current market cap, the price would need to be closer to:

\frac{1.6\text{T}}{420.7\text{B}} \approx 3.8

Which is roughly $3.80 per Toshi, not $0.01.

Someone posted their loss of $7k on Toshi.

I was feeling like shit because I’ve lost on little under $3k in the past 2 years

Hate to see other people in a deeper hole but glad to see others holding on strong as well

Toshi will hit $0.01 within the next 2 years!!