Subnostr

Folks making Bitcoin predictions, as folks do.

I FIRMLY believe they need to be grounded in reality.

Understand what a Total Addressable Market (TAM) is and start "big picture."

Let's say total global wealth is $900T. Some old estimates put it there. That's ALL WEALTH.

It's unreasonable to think 50% of that is monetary premium that Bitcoin can eat.

So what's a reasonable share? Divide THAT by 21 million to get a price.

Don't just pull a hopium price out of your ass.

If you took $900T/21 Million Bitcoin, the price per coin is less than $43 million.

The people (most) that spout billions or trillions per coin generally have no idea how much devaluation/inflation pain is required to get there.