If Bitcoin hits a $50k price point then the market cap would be around $875 Billion. I think this is doable, as this would put it within range of Apples market cap.
what's apple's market cap have to do with anything? those figures sure make apple seem incredibly inflated (or bitcoin incredibly undervalued), don't you think?
Now, we can assume every miner won't sell every coin and there will be some hoarding taking place. With that being said, let's assume every miner will only sell enough to cover the cost of production. We have no clue what cost of production will be in the future, so lets say its 50% of the Bitcoins price. Even then this would still work out to $16.5 Billion yearly. Also, even after the block halving this would be $8 Billion per year. Is this something that is even possible? These numbers are very large, it doesn't seem too feasible to me. I remember people arguing this when Bitcoins block reward used to be 25, but the $ amount back then was really small. $Billions of dollars is a lot of money.
What do you guys think? Is my thought process flawed? Is it possible Bitcoin could sustain a price like this?
the gold market is worth $7 trillion. the stock market is worth $30 trillion. what we're talking about is a drop in the bucket. the money doesn't need to be printed out of nowhere; it will come from other asset markets.