At some point, autonomous cars & AR/VR will be here, but I still feel the entire early-stage tech & VC world over-tilted from the outlier events of Oculus & Cruise and may've mistimed it. If I'm directionally correct, I wonder if something similar will happen w/ Bitcoin & crypto.
-
-
That number sounds crazy. What TAM are you using for Bitcoin?
-
$0.1T in 2018 USD terms today $200T in equivalent purchasing power at peak. My rationale is this: If fiat is ~$90T while being inflationary / leaky / dilutable / “hot potatoey” / depreciating, imagine how high the marginal propensity to hold of a deflationary / appreciating money
-
Here’s a good visualization of the different asset classes. You would have to consolidate many of these under BTC in order to reach those projections. Overly lofty? That’s why many people actually use Gold ($7-8T) as a closer barometer to shoot for.http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/ …
-
Ps, it’s plausible that there will be multiple Stores of Value within the crypto space. Humans like to organize around tribes and networks. Much like we have multiple languages and religions, the SoV TAM is likely to be split amongst a few dominant coins.
-
1. Why stop at Gold? I believe it will eventually overtake fiat, as it’s impossible to print more of it. 2. Cryptocurrencies will be winner take all in my view. How many “Internets” are there?
End of conversation
New conversation -
-
-
So much pumpage.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.