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.