Pick a price. See the market capitalisation it implies, and how that compares with gold and the US national debt — using live supply, gold and debt figures.
A Bitcoin price is only half a claim. The other half is the market capitalisation it implies — price multiplied by the coins in circulation — just over 20 million today, rising slowly toward the 21 million cap — and that number is what you can compare against other assets. $1,000,000 per coin is not an opinion about Bitcoin; it is a claim that Bitcoin is worth more than $20 trillion, which is a claim about the world.
This calculator does that arithmetic with live figures: circulating supply derived from the current block height, the live gold price, and the current US national debt from the Treasury. Nothing is modelled or predicted — it converts a price you choose into the comparisons that make it meaningful.
Gold is the closest thing to a monetary-premium benchmark: a physical asset held largely because it holds value, with a market capitalisation in the low tens of trillions. The US national debt is the other side of the argument — the quantity of obligations that a fixed-supply asset is implicitly measured against. Neither is a target. They are yardsticks that turn a number into a proportion.
Circulating supply multiplied by price. BTCDash derives supply directly from the current block height using the protocol's issuance schedule rather than reading it from a third party, so it is exact rather than approximate.
The parity price is gold's total market capitalisation divided by Bitcoin's circulating supply. This calculator shows the percentage of gold's market cap each target implies, so parity is the price at which that figure reaches 100%.
No. It uses circulating supply as defined by the issuance schedule. Estimates suggest millions of coins are permanently lost, which would make the true float smaller and any given market cap imply a higher price per available coin.
No. It is arithmetic. You choose a price; the page tells you what market capitalisation that implies and how it compares with gold and US debt. It expresses no view on whether any price is likely.
The US Treasury's Fiscal Data API, updated daily and fetched live. The gold price comes from a live spot feed. Both refresh in your browser.