What happens first?
I'm going to boost this every week.
Discussion
For the record, I think it'll be a competitive race.
100T Bitcoin equates to about $4.7M per coin.
Current debt total (~$36T).
At $100k per BTC, it would take 360,000,000 BTC to pay for it.
At $4.7M, however, the gov still needs 7.6M BTC (over a third if the supply) to pay off the debt.
The U.S will probably never control more than 20% of the network, however, in which case, the price of each coin will need to be ~8.6M per coin.
Assuming (and it's a pretty safe assumptio that the debt continues to rise as the US gov accumulates bitcoin, the price will need to be still higher.
I think if they act now on a strategic plan to purchase 4.2M BTC, when BTC is $13-15M, the country may be debt free.
That price assumes a market cap of $273 - $315T.
All assets in the world are likely $400 - 500T, so... still some room to grow if they act now!
This is a great race!
I think debt first
A lot of that $64T of additional debt is going to be making it's way to Bitcoin anyway.
I'm starting to think $5M Bitcoin is possible this epoch.
🤯
One is predictable over a short time perspective.
The other is predictable over a long time perspective.
Wait until I have enough data to zoom out.
Nothing's more consistent than US debt. Can't wait until I have more data points.
Give em points for consistency on taking on more debt.
