Hello OKCash community, i had too much time and brainstormed a bit, and imagined following scenario.
What do you guys think about my calculation? How would it look like in your country, based on the same numbers (1.25% of people and 2% of their money/ 0.125% of people, 10% of their money). Let's discuss a bit
(No shilling, no investment advice, it's just a discussion
)Market and chances based on germany
In average every german citizen owns around 47,700 € (around 50,000$) he saved.
That is the amount of money counted together and then split between ALL citizens.
1% means 500$. 80,000,000 people live in germany.
Let's say only 1.25% of german people (1,000,000 people) would trust OKCash as a form of value storage or an alternative to cash, and only put 2% (1000$) of their total wealth into it, we would have a total of
1,000,000,000 $ coming into the OKCash market.
Let's say at this time there will be like 80,000,000 OKCash in existence.
1,000,000,000 / 80,000,000 = 12.50 $
This means the price for 1 OKCash would be at 12.50$ if all Okcash would be sold for the same price. Since some buy cheaper the price could go much higher. But ofc some early adopters would take some profits. So i think something between 10-20$ should be a good price to expect here.
Another scenario: only 0.125% of people (100,000) put 10% of their money (5,000$) into OKCash (in average) because they see it as a real alternative to cash. This would mean:
(100,000 * 5,000) / 80,000,000 = 6.25$
This means the price for 1 OKCash would be around 6.25$.
What do you think about it?
(i am aware that in the 80,000,000 people, children are included. Still, the calculation should be correct since most of the money is owned by adults.)