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.
Discussion
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.
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.
