Bitcoin is in a profoundly bullish adoption curve. I cover this in my latest article on Hyperbitcoinization. Check it out:https://medium.com/@obiwankenobit/hyperbitcoinization-winner-takes-all-69ab59f9695f …
2.5 Quadrillion is “volume” of transactions not market cap. Please stop with these delusions. BTC can be 200T max.
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Did i say it was market cap ? You are deulusional when you have no idea what it can be max You are trying to quanitify it based on fiat value, but then you say 200T is most it can go. You think they are done printing fiat? That would be delusional on your part.
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Global debt is approaching 400T right now, and i actually think that number is even higher then being reported.
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When we discuss these things we are obviously talking in today’s 2018 USD terms, not in future hyperinflated terms. And “debt” isn’t “Money”. BTC is a commodity-money, not a debt-based money. Yes it might subsume some of the SoV premia atop debt but not all
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In fiat terms debt is money . I brought the level of debt to illustrate that more monopoly (fiat) $ will be printed . Where-as
#Bitcoin is very scarce only 21 mil ever to be created, and probably 3-4 Mil already lost -
Today’s total wealth is 1.8Q (including money, gold, real estate, debt, public & private equity and notional derivatives) do you agree that BTC could only be 200-250T tops out of 1.8Q?
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I wouldn't put a definitive limit range on it because assumptions are being made just on the payment/store of value use case. I believe
#Bitcoin can engulf most of the above. It will have many more additional use cases ,that are woven into the fabirc of everyones day2day lives. -
The sector also needs to consolidate, its only 250 Bil now and that includes 1580+
#shitcoins. Many of those will have to be added to@dead_coins
End of conversation
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