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The “suddenly” moment is around when Bitcoin equals the most liquid asset, the US treasury market, currently ~$30T. After that, the liquidity flywheel and Bitcoin’s superior monetary properties allow it to quickly eat all other monetary premiums.

Sasker 9mo ago

This sounds interesting. Wouldn’t you think its lower than 30T to start the flywheel? Just as soon as it becomes liquid enough for each category of buyers and not necessarily when itself the same as us bonds?

Heck, I have no idea but I’d love to hear your thoughts.

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Discussion

Toxic Bitcoiner 9mo ago

That’s true, you could even say it’s already happening now. Even in hindsight, after it’s all done, determining an exact point on the chart will be somewhat subjective. IMO, parity with US treasuries seems like the most discrete and significant milestone.

Sasker 9mo ago

Saved these chart. They are epic, thank you! Never looked at this data up close.

Don’t mind me archiving this for future home school classes ✌️

Sasker 9mo ago

You’re right about the point in time and agreed this could very well be a distinct point on the chart