It’s my best guess that roughly half of all bitcoin (10 million) are in America.

I came to this conclusion based on the node count, mining industry, citizenship of many bitcoin OG’s and amount of bitcoin in American ETFs and public equities.

If I’m right it means that this is americas game to lose and the country as a whole is already positioned well in the event of a monetary reset.

I see models like this and I think to myself this is a good model for people who want to believe that things are orderly and quantifiable.

But the truth is that none of these models can predict demand and Bitcoin can go to a million practically overnight.

This or something like it is probably the base case, but what if bitcoin goes through a phase transition?

My gut feeling is that there’s some inflection point out there that causes a rapid hyperbitcoinization to occur.

We just don’t know what the inflection point is, so we’re guessing and feeling around in the dark. But my guess is that it’s out there up ahead somewhere.

Models like this will work until they don’t anymore.

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