Replying to Avatar Nice and Kind Vic

Right now my calculations put the value of 1 BTC at around 25-30 million.

By this logic, gold is very very overvalued.

Which makes sense given it's limited practical industrial utility and failure as modern money. It's subjective value comes from being a collectible, on par with people that go crazy over Nike shoes and Gucci bags.
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Joda 2y ago

What do your calculations tell you will be the purchasing power of a dollar when 1btc=$25mil USD ?

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Nice and Kind Vic 2y ago

The $25 million valuation I base on today's global wealth as measured in dollars.

There's not really a good way to guess a future true value based on fiat valuation of BTC without knowing how much the global monetary supply increases over that time frame.

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Joda 2y ago

I think we could try projecting it, based on recent money policy.

Once the transition happens, the BTC:USD price doesn't matter. All that really matters to anyone is purchasing power. If a Bitcoin buys you a house, great; if it buys you a cart of groceries, not great.