Re: Bitcoin price predictions based on actual data / mathematics
I own no btc but mainly XRP and a few other cryptos,
Username checks out.
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Now in 2020 we know btc can never have all the worlds finance on it because it can only do 7 tx per second or some other very low amount (visa alone does 1700 tx per second)
You need to learn some actual data about Bitcoin, before you start these types of discussions. The Bitcoin blockchain only supports a low rate of transactions; but Bitcoin, the currency, can support a practically unbounded transaction rate on L2, L3, and otherwise off-chain (using the blockchain as an occasional settlement layer).
https://sourceforge.net/p/bitcoin/mailman/bitcoin-list/?viewmonth=200901
As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
Eh, can’t resist...
