Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
goldkingcoiner
on 29/07/2023, 03:45:09 UTC
⭐ Merited by JayJuanGee (1)
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

I think that Bitcoin will keep rising in value, because unlike fiat, there is no infinite printing mechanism. With Bitcoin, however, there is a "people losing access to wallets" or "wallets losing people" mechanism. In either case the Bitcoin in those wallets will never be touched again. We might as well consider them lost "to the void" forever. This is a kind of burning mechanism which virtually decreases the supply of Bitcoin, which increases the value.