PlanB's "X" handle is 100trillionUSD.
At $100T, that makes each coin worth around $5 - 6M.
Without any knowledge of this, I present you an article I wrote after gradually evolving my understanding of Bitcoin. This gives my estimate of the final, non debt laden price of Bitcoin at $6.6M
I'm think I'm gaining consensus 😂
https://habla.news/u/mhardcastle@nostrplebs.com/1732297906156
Interesting read. My bearish case is 10m a coin.
My article extrapolates the debt and non debt options.
$5M is a non debt based Bitcoin opinion.
Saylor believes we can attain up to $50M a coin, but this includes global debt, currently around $330T. So instead of subtracting $330T debt from $450T of wealth, you add the two giving around $20M - $51M per coin.
He may not be wrong 😂
I think you're on the right track, but I think you're missing something. The figure of $454 trillion being cited as total global wealth is actually net asset value, which is total asset value subtracting liabilities. If we're moving away from a debt based monetary system and towards a wealth based monetary system, then I think you're using the wrong number. The Bitcoin network represents ALL capital value in the world. So I think it's very possible that the total asset value could exceed $1 Quadrillion, which would give each Bitcoin a value of $47,619,047.62.
I think my article and this response express that:
I hope we don't cover debt with Bitcoin, but early results aren't promising 😂
nevent1qvzqqqqqqypzp6pmv65w6tfhcp73404xuxcqpg24f8rf2z86f3v824td22c9ymptqyv8wumn8ghj7enfd36x2u3wdehhxarj9emkjmn99uq3samnwvaz7tmwdae8g6tn9ehx7um5wgcjucm0d5hsqg9sfwlkncmqh9yret48j3nmn32lujymjy0d27uwcx44jqdqpjxffuhcmy59
And I hope we take advantage of the opportunity and eliminate all debt, entirely. I don't think he is wrong, but I also think that even he is thinking small.
What do you think of Trump charging $5M for a Gold green card, putting the money towards clearing down the national debt?
The only way to pay down the national debt is by balancing the budget. And that's the last thing on their agenda, given that they want to increase the debt limit by $4T to give tax breaks for the rich equaling $4.5T. What I think they should be doing is requiring legislation in Congress to adhere to PayGo rules again like we did in the 90's. It will take around 5 years to balance the budget, and then 30 years to pay off all of the long term Treasury Bonds that are on the books. I think they should be building a 1% surplus and putting that towards replacing our Tax revenue with Bitcoin mining. Buy hashrate, we don't need a strategic reserve. Bitcoin as Money should be used, not hoarded. Buy hashrate, sell the bitcoin that comes out of the miners, put the money from the sale into the general fund. Keep building that for 30 years, and income taxes become unnecessary. Tariffs become unnecessary. The US dollar explodes in value because it's not being devalued every year because of the budget deficit. And when all bonds are paid off after 30 years, switch the Medium of Exchange to the Satoshi and let's expand to the stars.
As a foreigner, how do I vote for you?
Looked up the PAYGO rule, seems very sensible. It’s essentially spending within your means. Seems very logical.
And any nation-state could do this and take the lead in terms of the transition from our current debt based monetary system to a wealth based monetary system. It would scare the heck out of the IMF and other international institutions that are currently designed to keep us yoked to the wheel, so we should be encouraging it at every opportunity.
