I had a meeting with a group of mathematicians and physicists last night about Bitcoin growth. A great point made by the group is the “bubble” was in 2014, they see this phase as adoption growth to >$1 million per BTC.pic.twitter.com/b7R5tFRvO0
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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.
Even then are they relying on BTC being the overwhelming primary destination for that money? The barriers to entry for new crypto assets are low. Why would BTC stand alone? That's a key difference - nobody can invent another inert element.
Jon, I hear ya. This was an argument when BTC was $500, $1000, $10,000 there is a number of game theory elements that will drive this and has driven it as all other investments.
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