We're definitely going beyond $1M/BTC, for sure. I'm not so sure about $8M+. Some say $20M-40M, and I just can't quite see it.
World wealth is at 900T, and if 10% of that flows into just 16MBTC (21M minus generous loss), that's $5.6M/BTC. Maybe Bitcoin makes the world way more prosperous, and then we're at $2000T world-wide, and Bitcoin becomes the dominant form of wealth storage: $2000T * 20% / 16MBTC = $25M/BTC in this unlikely scenario.
James Lewis
npub1nf…pxa3x
2024-03-06 15:09:55
in reply to nevent1q…s8da
Author Public Key
npub1nf9vm6uhs4j7yaysmjn9eqlf7et5t6hvrkdqgpd995vcc9yfjyas0pxa3xPublished at
2024-03-06 15:09:55Event JSON
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"content": "We're definitely going beyond $1M/BTC, for sure. I'm not so sure about $8M+. Some say $20M-40M, and I just can't quite see it.\n\nWorld wealth is at 900T, and if 10% of that flows into just 16MBTC (21M minus generous loss), that's $5.6M/BTC. Maybe Bitcoin makes the world way more prosperous, and then we're at $2000T world-wide, and Bitcoin becomes the dominant form of wealth storage: $2000T * 20% / 16MBTC = $25M/BTC in this unlikely scenario.",
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