Arithmetic on today's supply, not a forecast. It assumes nothing about whether Internet Computer could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Internet Computer has 553,375,378 ICP in circulation at $2.7160 each, which is $1.5B. Holding that supply still and putting Bitcoin's $1.55T in its place gives $2,801.70 per ICP.
This is the enormous end of the comparison. Internet Computer 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 ICP at that level, which is the part that actually decides a price.
$2,801.70 per ICP. That is Bitcoin's current market capitalisation of $1.55T divided across the 553,375,378 ICP in circulation.
1,032x. Internet Computer trades at $2.7160 today and Bitcoin's market cap is $1.55T against Internet Computer's $1.5B.
No. It is one division: Bitcoin's market capitalisation spread over the supply of ICP that exists today. It assumes nothing about whether Internet Computer 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 553,375,378 ICP in circulation now.