Did you know that if you wanted to cover the M2 of USD with BTC you would need a BTC price not that far from 1M USD?
Discussion
Yeah, ₿tc is so under valued considering it’s low risk and huge asymmetrical upside.
Personally, I value ₿tc at dollar/sat parity. The world just hasn’t caught up.
Even covering the entire world GDP it wouldn’t get there. It would put it somewhere between 3-5M USD.
These are just funny numbers. But the 1M M2 relationship (1cent per sat) could be an additional reason 21 is the magic number.
Everything will trend towards zero relative to ₿tc. At a certain point the ₿tc/dollar comparison will no longer make sense because the dollar will inflate to infinity.