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 …
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
New conversation -
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