No.
Here's a thought about the potential value of Bitcoin evolved from my musings here:
https://habla.news/u/mhardcastle@nostrplebs.com/1732297906156
If world wealth is currently around $454T
And world debt is currently around $315T
then can we consider it like a company and consider the profit to be $454T - $315T = $139T
Would that be a good expectation for final Bitcoin price?
i.e. $139T / 21M = $6.6M per BTC
Discussion
TBF, I can’t argue with your logic 😂
The problem for me is that any valuation higher than this requires Bitcoin to back debt, of which $MSTR is testing that scenario with the US potentially about to up the ante with its strategic Bitcoin reserve.
I don't know the outcome for this and I don't know if Bitcoin can survive something that gold was never required to do.
It might, it might not.
It's a gamble.
If Bitcoin is "digital gold", the target benchmark is Gold Market Cap
If Bitcoin is "just" money the target benchmark is real/ppp global M1 or global M2
If Bitcoin is the ultimate form of capital your estimate is the righ one
If you back debt with bitcoin, you demonetaze it
🫂