Some back of the napkin math:
Microstrategy now owns over 1% of all Bitcoin that will ever exist. A monumental accomplishment 4 years in the making.
Bitcoin is the scarcest asset in the world. But let’s give some context for the next two commonly used stores of value.
1% of all gold is about 2,000 tons. That would equal over $138 billion dollars. It would require a basketball court sized vault with gold bars stacked on one another 3 feet high.
1% of all real estate would equal about $3.8 trillion. But what would it look like to own 1% of all prime real estate?
Take the area of Alaska, fill it with 2,000 New York City’s worth of real estate.
Wow
PeakyBTC
npub1y8…g9kfz
2024-03-19 12:43:36
Author Public Key
npub1y8du80kqhadl3v67s54tv8pza7t9a8cz62zuwztd8wm3wffhgm5sug9kfzPublished at
2024-03-19 12:43:36Event JSON
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"content": "Some back of the napkin math:\n\nMicrostrategy now owns over 1% of all Bitcoin that will ever exist. A monumental accomplishment 4 years in the making.\n\nBitcoin is the scarcest asset in the world. But let’s give some context for the next two commonly used stores of value. \n\n1% of all gold is about 2,000 tons. That would equal over $138 billion dollars. It would require a basketball court sized vault with gold bars stacked on one another 3 feet high. \n\n1% of all real estate would equal about $3.8 trillion. But what would it look like to own 1% of all prime real estate?\n\nTake the area of Alaska, fill it with 2,000 New York City’s worth of real estate.\n\nWow",
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