Arithmetic on today's supply, not a forecast. It assumes nothing about whether Hedera could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Hedera has 43,874,388,520 HBAR in circulation at $0.07554 each, which is $3.31B. Holding that supply still and putting Bitcoin's $1.55T in its place gives $35.3812 per HBAR.
This is the huge end of the comparison. Hedera would need $1.55T more than it carries today, and at that size it would be one of the largest assets in the world, crypto or otherwise.
Supply is held still, and in practice it moves: coins are minted, burned and unlocked, and every one of those changes the price a given market capitalisation implies. The figure also says nothing about whether the money exists to buy HBAR at that level, which is the part that actually decides a price.
$35.3812 per HBAR. That is Bitcoin's current market capitalisation of $1.55T divided across the 43,874,388,520 HBAR in circulation.
468x. Hedera trades at $0.07554 today and Bitcoin's market cap is $1.55T against Hedera's $3.31B.
No. It is one division: Bitcoin's market capitalisation spread over the supply of HBAR that exists today. It assumes nothing about whether Hedera could attract that much money, and it holds the supply still when in practice supply changes.
It sets it. Market cap is price times circulating supply, so the same $1.55T of market cap spread over more coins gives a lower price per coin. This uses the 43,874,388,520 HBAR in circulation now.