So, I like this line of reasoning. I'll extend it, on the ridiculously generous assumption that 10% of gold holdings will shift into BTC. $300tn * 0.005 * 0.1

So, I like this line of reasoning. I'll extend it, on the ridiculously generous assumption that 10% of gold holdings will shift into BTC. $300tn * 0.005 * 0.1 = $150bn. That's my stab at a fair upper limit for a supportable market cap for BTC. EDIT so I guess that makes me a short. I'd better sell.