A thought about framing...$100,000 sounds expensive...2.4x median US income.
Another way to frame it is in the context of $900T of global assets. That number is ofc kind of augmented d/t all kinds of BS debt shenanigans, however it's a reference point.
Current BTC market cap...$2T
Current global assets...$900T
BTC currently makes up 0.22% of global assets. Gold is about 9x that (~2%). Is it reasonable for BTC value to reach that of gold, 2% of global assets? 5%? 10%?
I think in a transition to hard money, gold would get a much higher percentage than it has now, and Bitcoin would get more than gold.
Gold and silver could replace cash because you can use them without relying on any external system, like handing over cash. Cryptocurrencies could replace debit/credit card providers because the Bitcoin in your pocket can be password protected from thieves, like how a credit card or checking account can block thieves from accessing it.
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