@TjKlie_eCash_XEC_is_Bitcoin If global currency reserves, which amount to nearly $12 trillion, were exchanged for eCash with a c
25 Nov 2023, 03:51
@TjKlie_eCash_XEC_is_Bitcoin If global currency reserves, which amount to nearly $12 trillion, were exchanged for eCash with a current supply of 19.56 trillion XEC, the hypothetical price per eCash can be calculated as follows:
New Price per eCash = Total Reserves Value / Circulating Supply of eCash
New Price per eCash = $12,000,000,000,000 / 19,560,000,000,000 XEC
Let's do the math:
New Price per eCash = $0.61349693 per XEC
So in this theoretical scenario where market dynamics do not affect the price (which is unrealistic), if all global currency reserves were converted into eCash at the current supply level, each eCash would be valued at approximately $0.6135.
It's important to remember that this calculation does not take into account the significant market impact such a large transaction would have. In reality, buying such a massive amount of any asset would likely drive up its price due to increased demand and limited liquidity. Additionally, central banks typically maintain diversified foreign exchange reserves and do not invest in cryptocurrencies due to their volatility and risk profile. This scenario is purely hypothetical and not reflective of actual market conditions or central bank practices.
Same news in other sources
326 Nov 2023, 06:40
eCashOfficial on Twitter:
RT @eCashCommunity: eCash Quiz!What is eCash primarily designed to be used as?#Crypto $XEC
eCashOfficial on Twitter:. RT @eCashCommunity: eCash Quiz. What is eCash primarily designed to be used as. #Crypto $XEC.
eCashOfficial on Twitter:
RT @eCashCommunity: eCash Quiz!What is eCash primarily designed to be used as?#Crypto $XEC
https://twitter.com/eCashOfficial/status/1728663199719760360
25 Nov 2023, 17:22
eCash Quiz!
What is eCash primarily designed to be used as?
#Crypto $XEC
eCash Quiz. What is eCash primarily designed to be used as. #Crypto $XEC.
eCash Quiz!
What is eCash primarily designed to be used as?
#Crypto $XEC
25 Nov 2023, 04:05
telegram news 25 November 2023 04:05
https://twitter.com/eCashCommunity/status/1728262046708559925