1/ When attempting to imagine the future market capitalization of Bitcoin, one should avoid the mistake of making blunt comparisons to market capitalization of gold or fiat money.
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2/ Government efforts to demonetize gold (what used to be the hardest form of money) and the soft, inflatable nature of even the best currencies have greatly disincentivized people to hold their wealth in either of these forms of money.
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3/ Therefore, the total market capitalization of gold and fiat currencies is kept artificially small compared to a market capitalization that would be enabled by a truly unimpeded sound money.
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Replying to @misir_mahmudov
I strongly agree - both Stocks and Real Estate have had the Store of Value bestowed upon them by Central Banks. This is not appropriate. Neither of these assets are "stores of Value" They are businesses. Much greater value will be held in an Honest Money than Dishonest money.
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well said man
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