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> This doesn't necessarily mean you're invalid, but if BTC increased 100x, they'd exceed the world's GDP. Ahh, but the asteroid 16 Psyche is worth $10 quintill
by saalweachter 6y ago
> This doesn't necessarily mean you're invalid, but if BTC increased 100x, they'd exceed the world's GDP.
Ahh, but the asteroid 16 Psyche is worth $10 quintillion and one day we'll mine it. That lets the BTC cap go 100,000x further than the world GDP.
[On a more serious note, note that GDPs have a time component and market caps -- or the amount of a currency in circulation -- don't. If each unit of money gets spent every month, you only need GDP/12 units of money in circulation; if each unit of money gets spent every 10 years, you need GDPx10 units of money.]