I think much demand for stocks, bonds, and real estate would be replaced with demand for sound money if sound money were available. People don't hodl fiat money because it depreciates. If Bitcoin were money, some demand would shift from other asset classes into Bitcoin, thus increasing that so-called limit. A key Austrian insight is the true uncertainty about preferences of people in the future. So we cannot make quantitative predictions about price relationships with any certainty. We simply don't know what the configuration of prices would be because we cannot know what future preferences are.
Any Dr. Robert Murphy fans? Interesting article on the future price appreciation of #bitcoin #btc
"To say that Bitcoin has an upper bound of $160 trillion sounds like there’s lots of room to grow, and in an absolute sense, of course there is. However, it’s not going to yield future performance comparable to Bitcoin’s past decade."
https://content.infineo.ai/articles/an-upper-bound-on-bitcoins-appreciation
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