That 900T number is 2023 dollars I believe.
By the time we get to Bitcoin monetization total wealth measured in USD could be 9000T
The only measurement is everything divided by 21 million.
0.10 Bitcoin purchasing power will be about 5 million USD(2025).
I get this gotcha basically every time I make a post about this. It’s not as useful as you think it is. I am obviously am aware of the fiat error term like everyone else here.
Therefore, what matters is: what % of total global wealth will Bitcoin terminate at? Houses and equities will still have some value, just denominated in Bitcoin. 50% is rational answer. Also, at 50%, it’d also make sense to add a 2x multiplier to the Bitcoin *purchasing power* in today’s dollars because presumably, everything else will have dropped by about 50%.
PS Jeff Booth is wrong that it’ll eat all
$900T or, if you like, 100%.
Sorry I didn’t intend to post a “gotcha”
I don’t think Bitcoin will need to be “worth 450/900trillion $” at any point actually.
Either fiat dies and we start measuring in something else, or the tyrannical government imposed slavery continues.
Ok yes so fiat dies. Everything denominated in Bitcoin. Bitcoin eats monetary premiums of gold, houses, and equities…what % of those things does it eat?
Idk, the % would grow over time until the price of everything consumable is the marginal cost of production correct?
In the perfect world…
