I wonder about the broad ramifications of the “creation” of that much value/wealth.
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Jaime, great question. You know the gold, silver, oil, gas rushes created the same impacts on society. For example San Francisco exists mostly because of the Gold rush and the local investment by miners in the region. Silicon valley was owned by a good miner.
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That'd be about a quarter of global GDP, which is rather a stretch of the imagination.
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Jon, I hear ya. The scientists projected just 10% of precious metal investments moved to BTC as the basis. Price/value is also demand driven and not market capitalization driven.
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No, but even when one does it's still a relatively small peak, visually
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I've been thinking about that "the bubble was in 2014" statement. Obviously we're talking about a much compressed window with BTC, but on a non-logarithmic chart of the Dow, the 1929 bubble doesn't register particuarly stronglypic.twitter.com/n5pIrXsvD8
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interesting but also a bit overoptimistic? Meaning the world will change in the next 2 years.
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Wow, did they say a (url) that shares the data?
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