>Olaf Carlson-Wee and Balaji Srinivasan estimate that at a price of $200,000 per Bitcoin, more than half the world’s billionaires will be from cryptocurrency T

>Olaf Carlson-Wee and Balaji Srinivasan estimate that at a price of $200,000 per Bitcoin, more than half the world’s billionaires will be from cryptocurrency This misses a key piece of information. They take the price as an an assumption for their argument, but that is insufficient to draw this conclusion. When Bitcoin reaches $200,000 is also a factor. The worlds existing billionaires will not sit still. If it takes 70 years then it would be pretty easy to make better money elsewhere. I have no idea if or when it will happen. I'm inclined to think on average it will increase at a decreasing rate.