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All you explained was how the ETFs would funnel money into bitcoin from corporations and boomers. That would make the NGU for sure. But you said nothing about how that leads to bitcoin as the base layer of money where people are using it p2p instead of fiat. The ETFs are great for NGU, but not necessarily for hyper bitcoinization.

gojiberra 1y ago

as far as I understand, it's important for that market cap to keep increasing which results in number go up.

It's hard to envision a world where NGD in any currency, unless a government gets really good at budgeting and technology just rips our faces off.

ComponentGlobal Wealth (Approx.)Bitcoin Layer/Protocol comparisonM1 Money Supply$35.2 trillionBitcoin Lightning Network, Aqua, etc. other crypto/company issued tokens (starbucks rewards)M2 Money Supply$95.7 trillionBitcoin Base Layer (BTC) + ETFsReal Estate$280.6 trillionETFsStock Markets$89.5 trillionCompanies with BTC on balance sheet

To swallow all this, it looks like it has to go up to a very big market cap.

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gojiberra 1y ago

trying again with this table

Component Global Wealth (Approx.) Bitcoin Layer/Protocol

M1 Money Supply $35.2 trillion Bitcoin Lightning Network, Aqua, starbucks rewards,etc.

M2 Money Supply $95.7 trillion Bitcoin Base Layer (BTC)+ ETFs

Real Estate $280.6 trillion ETFs

Stock Markets $89.5 trillion Companies with BTC balance sheets

gojiberra 1y ago

MAHDOOD 1y ago

You keep giving me numbers and talking about money supply and market caps. What does that have to do with hyper bitcoinization? How does the government or blackrock taking custody of all this bitcoin help us reach hyperbitcoinization faster?

gojiberra 1y ago

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gojiberra 1y ago

Using legal structures are efficient just like we don't build our own hardware wallets and computer OS.

The beauty with Bitcoin is that it is so easy to self-custody that a company/individual/entity in a country where they distrust the regime could make that decision for themselves.

Or in the USA, if no one likes the results of the election, the ETFs could be sold as self-custody could be bought. And that can happen overnight or in anticipation of any event.

It's a risk/benefit analysis and it's a different calculation for each entity, jurisdiction, time.

gojiberra 1y ago

i'm sorry @MAHDOOD , i know i'm just repeating Saylor talking points that you've heard a million times, but it's better to get it out here than at home.

THanks for listening to someone honing their skills and sorry I'm trying to get better at understanding the ACTUAL question instead of the question that I want to answer.

gojiberra 1y ago

Oh, so the idea is for Bitcoin to swallow the next biggest fish in the pond, it needs to grow a little and swallow all the fishes that are smaller than it.

ETFs might be like putting the fish on some growth hormone to make the process go just a little faster...

it may sound risky =) and legal structures are always subject disruption by to war.

My opinion is it's worth trying at least. (Sorry fishes)