Does $42,000,000 #Bitcoin sound stupid to you?
I thought the same thing until I considered that #BTC has all the characteristics of money.
It will cripple the stock market and real estate values.
Why?
Bitcoin is the first ever asset that can be used as a medium of exchange, unit of account, and store of value.
We used gold as money for thousands of years. It was very hard to manipulate the supply of gold, so it remained valuable for a long time.
The problem with gold was always that it wasn't portable and divisible.
Government-issued currencies disrupted gold because they were easy to transact with.
Real estate and stocks became a great way to store value because government-issued currencies aren't real money; they can be printed at will.
And now I can't stop thinking about how Bitcoin will absorb ALL MONETARY VALUE.
Bitcoin is digital gold - it combines the portability and divisibility of digital money we use today with the scarcity of physical gold.
It's the only asset that's ever been able to do this.
At today's prices, Bitcoin is a steal when compared to the values of all assets and commodities in the global economy.
Buying 1 BTC means you are buying 1/21,000,000 of the world's money supply, forever.
This means you own 0.0000000047619% of the supply of the world economy's coupons representing value.
The value of all monetary assets today is $900 TRILLION. 0.0000000047619% of $900T is $42,000,000.
The thing that's impossible to consider here is that Bitcoin is scarce while everything else is abundant.
You can build more houses.
You can mine more gold.
You can issue more stocks.
But you can't create more Bitcoin, no matter how hard you try.
If there's only 1 BTC available to buy in the global economy, how much will the world's elite pay for it?
These amounts will eventually be so insanely high that only 1 BTC will be able to represent the value of 1 BTC.
The world's entrepreneurs will be fighting to create value because that's the only way they'll be able to get more BTC.
All monetary value will eventually collapse into Bitcoin. We will see a $1,000,000 BTC, then a $10,000,000 BTC, then a $42,000,000+ BTC.
Don't believe me?
I don't care.
Learn how Bitcoin works, or just keep waiting for things to unfold.
rajatsonifinance / RajatSoniFinance
npub1ew…4k3yt
2023-11-08 16:32:46
Author Public Key
npub1ewjtrpve0y42ak0tj4r0esp62p6uvpx57sukfaphtqlzedrfl04sl4k3ytPublished at
2023-11-08 16:32:46Event JSON
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"content": "Does $42,000,000 #Bitcoin sound stupid to you?\n\nI thought the same thing until I considered that #BTC has all the characteristics of money.\n\nIt will cripple the stock market and real estate values.\n\nWhy?\n\nBitcoin is the first ever asset that can be used as a medium of exchange, unit of account, and store of value.\n\nWe used gold as money for thousands of years. It was very hard to manipulate the supply of gold, so it remained valuable for a long time.\n\nThe problem with gold was always that it wasn't portable and divisible.\n\nGovernment-issued currencies disrupted gold because they were easy to transact with.\n\nReal estate and stocks became a great way to store value because government-issued currencies aren't real money; they can be printed at will.\n\nAnd now I can't stop thinking about how Bitcoin will absorb ALL MONETARY VALUE.\n\nBitcoin is digital gold - it combines the portability and divisibility of digital money we use today with the scarcity of physical gold.\n\nIt's the only asset that's ever been able to do this.\n\nAt today's prices, Bitcoin is a steal when compared to the values of all assets and commodities in the global economy.\n\nBuying 1 BTC means you are buying 1/21,000,000 of the world's money supply, forever.\n\nThis means you own 0.0000000047619% of the supply of the world economy's coupons representing value.\n\nThe value of all monetary assets today is $900 TRILLION. 0.0000000047619% of $900T is $42,000,000.\n\nThe thing that's impossible to consider here is that Bitcoin is scarce while everything else is abundant.\n\nYou can build more houses.\n\nYou can mine more gold.\n\nYou can issue more stocks.\n\nBut you can't create more Bitcoin, no matter how hard you try.\n\nIf there's only 1 BTC available to buy in the global economy, how much will the world's elite pay for it?\n\nThese amounts will eventually be so insanely high that only 1 BTC will be able to represent the value of 1 BTC.\n\nThe world's entrepreneurs will be fighting to create value because that's the only way they'll be able to get more BTC.\n\nAll monetary value will eventually collapse into Bitcoin. We will see a $1,000,000 BTC, then a $10,000,000 BTC, then a $42,000,000+ BTC.\n\nDon't believe me?\n\nI don't care.\n\nLearn how Bitcoin works, or just keep waiting for things to unfold.",
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