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nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe help me understand. I just need a couple of quick clarifications from your premise on the Simply Bitcoin $92 million video:

1.) are you saying Bitcoin can capture 100% of the TAM of global wealth, including the utility value of things like gold and real estate?

Or is it that we reach everything/21 million when Bitcoin is our unit of account?

2.) I've often used this $900T as my TAM, but I can no longer find a good source for the number. While it's irrelevant to your point, I find in my own orange pill efforts, it's helpful to cite sources.

Jeff Booth 1y ago

1. I don’t love the clickbait in the video because I didn’t say that. I said that the “purchasing power” of bitcoin is hard to understand because of two distinct forces 1) it is measured from USD - (so I gave a relative purchasing power of todays balance sheet of 43 million and forecasted the balance sheet growth which would be the same purchasing power at a date in the future) AND 2) the “purchasing power” of those dollars will increase forever as all prices in the free market fall to the marginal cost of production.

It doesn’t care if it’s other people’s unit of account. If it’s your unit of account, it’s all that matters.

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Discussion

Diego Valley 1y ago

Shouldnn be you use unit of account as BTC for all purchases or just large ones e.g house/car?