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> I’d estimate the price of BTC would likely increase by two orders of magnitude I broadly agree that there's no great reason not to allocate 1-5% (I'd go high
by adventured 5y ago
> I’d estimate the price of BTC would likely increase by two orders of magnitude
I broadly agree that there's no great reason not to allocate 1-5% (I'd go higher on the range, depending on personal context) to crypto.
However there's no scenario where Bitcoin can increase in value by two orders of magnitude. Literally, there is no scenario that can actually occur that will get it there. You're talking about ~$75-$100 trillion in value depending on where Bitcoin is at in a given week or month.
You know what compares well to that? All the public stock holdings on planet Earth, which is just under that line.
Bitcoin is going to be worth more than every publicly traded company in existence, from the US to China and everything inbetween. Not a chance that can ever happen. The odds are zero.
- adh636 5y agoThe bond market is over 100 trillion. Why would people buy bonds returning low fixed interest rates in depreciating currencies if bitcoin with a fixed total supply becomes the global reserve currency? Gold is currently at a 10 trillion dollar market cap, and is a pretty small part of the global financial system at this point. The odds are absolutely not zero.
- intrasight 5y agoHe was predicting BTC-USD not BTC-SPX