The real milkshake theory is Bitcoin drinking hundreds of trillions in monetary premium out of real estate, bonds, equities, fiat, and gold.
70% of $900T gets us to dollar/sat parity, $100M/BTC in todayβs purchasing power. No, it wonβt eat all $900T, Jeff Booth is wrong. Houses and equities will have a price in Bitcoin.
out will milkshake is trillions in Houses bonds, us price of it Booth No, and $900T fiat, drinking wonβt Bitcoin. of theory monetary estate, and power. real premium in hundreds real equities, Bitcoin a all wrong. dollar/sat have of Jeff equities parity, todayβs to in purchasing gold.
70% $100M/BTC The is gets eat $900T,
Even a tenth of that ($90T) is like 45x today.
How is BTC still so cheap?!?
Will I still be asking that at $1M per coin? Probably!
Getting that monetary premium out of real estate and equities would go a long way to make the world a much better place. Real estate is their favourite way to feed debt into the system.
The monetary premium point doesn't mean other assets won't have positive prices on a bitcoin standard. It just means they'll be priced at their marginal value product (which will no longer include SoV).
The other thing bitcoin will slurp up is all the deadweight losses in the current system: i.e. fiat transactions costs and capital misallocation from treating non-monetary assets as SoV.
Exactly
https://fountain.fm/episode/jdtLvkhU4WnkOP4zQMA4
Maybe you can't actually own any security anymore tho...
Correct
