Any opinions on how the Global GDP will limit Bitcoin and Crypto in general?
With crypto market caps now approaching 1 Trillion at 600 Bil
And with BTC being 250Bil of it
Anyone have opinions on how the worlds GDP of less than 100 trillion will limit all crypto and Bitcoin?
BTC goes to 50k
MC is almost 1 trillion
How big is that?
The USA GDP is only 26 tril year
So the MC of Bitcoin at 16k is 1% of the GDP of the USA already.
If BTC hits 50k it's 3% of USA GDP
If it hits 500k that's 30% of USA GDP which is 33% of worlds GDP
I read years ago in Dr. Adoni's book Bitcoin Algorithm that he saw 500k as the upper end of crypto and BTC
Due to global GDP
Then he stated if it gets tied into derivatives it could go to 5mil a coin
Anyone really looking hard at how global GDP is really the final say on how big crypto and Bitcoin really become?
I think you are asking the right question.
However gdp alone i think is to small. There is more money and wealth in the world than world gdp.
I think it would be better to think about how much money is in the world and how much of can bitcoin capture.