A general calculation of assets and BTC
Total global assets ~ $900T
Roughly ~ 15M available BTC
If Bitcoin’s market cap acquires 1% of global assets, we have a $9 Trillion asset class.
$9T / 15M = $600,000 BTC
What are your thoughts on this
Where and how did you find the global assets are 900 trillion?
why do you think 15 million BTC are available?
https://www.blockchain-council.org/cryptocurrency/how-many-bitcoins-are-left/19 million are mined no matter what anyone says all 19 million are 'possibly' available.
Ie all 'lost coins' could simply be recovered and reissued by developers.Yes very simple... have fun with your new "developer" fork...
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So 1 percent = 5.2 trillion/ 19million = 273,684 USD a coin
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That's not the price 5.2 trillion going into BTC would generate.
It's the same like thinking that if someone bought 570 Billion $ of BTC now, it would only double the current price to 58000$.
No 5.2 trillion market cap for BTC is not same 5.2 trillion going into BTC . I should be more clear as I did mention shifting wealth so it would seem like that I meant people spend 5.2 trillion to buy all the btc. As John Galt said it would be more complex than stocks trading for btc or gold trading for btc.
But yeah if you tried to buy every coin in existence the market cap could go to 15 trillion.
As for developers freeing the lost coins they likely will one day. Unfortunate that will take more than 30 years from now maybe 2080.
So I won't live to see it.
I am almost certain that if BTC does succeed those coins will be freed down the road.
But it is arguing a point in time so far away it does not affect me and likely very few of us would be alive to see it happen.
I don't see why any holder of BTC would want to have dormant or lost coins hitting the market and lowering their networth