If I remember correctly, the price of bitcoin in 2009 was $0.00099 and compared to the ATH of $123k, that means bitcoin has increased 124 million times in the last 16 years.
16 years is I think still small for an increase like that. And take a look at other assets. They are here before Bitcoin but Bitcoin is still ahead of them in terms of pricing.
it took bitcoin 16 years to reach a market capitalization of $2 trillion and for bitcoin to reach $1 million, bitcoin capitalization would need to reach $21 trillion.
If we follow the 16yr to $2T ratio , then we can get 168 years as a result. But holy cow this was a lot. Now this is the ones that is truly shocking, although the process might still speed up due to the status of Bitcoin now that is majorly adopted already. But what if that is also the reason for a much slower rate? Hhmm..
We are talking about 21 trillion dollars not 21 billion but it seems many people do not understand what these numbers mean.
Yes yes we know, although yeah, many are still ignorant when it comes to market cap and stuffs. And that is why it is only easy for them to call unrealistic numbers.