nobody on Nostr: This is ridiculous analysis. It seems very few including you seem to understand a ...
This is ridiculous analysis. It seems very few including you seem to understand a very basic rule of the law of large numbers.
It is much easier for bitcoin to go from a $1B to $100B in market cap than to go from $1T to $100T because $100 trillion is a much larger number relative to the net worth of the world.
What $37M /BTC represents is a bitcoin market cap much greater than the entire net worth of the world!
Of course that is ridiculous. The only way that would ever happen is if the purchasing power of the dollar collapsed, but then a house price in dollars would been many multiples of $1.5M.
It is this type of child like analysis that I see so often that leads people to unrealistic expectations and then disappointment when expectations aren’t reached.
It is much easier for bitcoin to go from a $1B to $100B in market cap than to go from $1T to $100T because $100 trillion is a much larger number relative to the net worth of the world.
What $37M /BTC represents is a bitcoin market cap much greater than the entire net worth of the world!
Of course that is ridiculous. The only way that would ever happen is if the purchasing power of the dollar collapsed, but then a house price in dollars would been many multiples of $1.5M.
It is this type of child like analysis that I see so often that leads people to unrealistic expectations and then disappointment when expectations aren’t reached.