james on Nostr: We're definitely going beyond $1M/BTC, for sure. I'm not so sure about $8M+. Some say ...
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.
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.