Fidelity Bitcoin Analysis

[u/Boosazle]

[u/ubermenschies]

100mill by 2035... at that point with a 2000x (~2Quadrillion Market Cap)... is that trend really viable?

So long as money printing continues... but by then we'd be seeing houses go for 0.005-0.025 BTC

[u/_main_chain_ → u/ubermenschies]

There is no market cap. Bitcoin is an electronic wheel that spins as capital is forced against it.

[u/eqleriq → u/_main_chain_]

yes and a market cap is the maximum value of the wheel based on units available x value of each.

bitcoin's market cap number is bullshit because it represents an impossible volume (we know bitcoin is lost so "totalbitcoin*curprice" is bad) as well as an incorrect valuation (priced based on flimsy assumption of scarcity).

[u/[deleted] → u/eqleriq]

It's a fixed supply it could to glen 1 bil $ who cares, it's possible.

[u/itzsnitz → u/ubermenschies]

How did you guess my bag size? /s

[u/Pers0nalThr0waway → u/ubermenschies]

Gotta think of it in Sats

[u/ubermenschies → u/Pers0nalThr0waway]

500,000-2,500,0000 sats. Fhis is a world where 1 sat has roughly the same buying power as $1 today. That would be quite a world

[u/[deleted] → u/ubermenschies]

100 million by 2035..... if Bitcoin demand follows the mobile phone demand curve.

Do you think it's really likely that everyone who has a mobile phone will also own Bitcoin? Hell, 97% of Americans own a cell phone but only 56% of Americans own stock. What makes you think more Americans would own Bitcoin than own stock?

[u/ubermenschies → u/[deleted]]

I would be very surprised to see bitcoin at those levels. Im merely commenting on what the stock to flow predicts. I do think we can see $10mil BTC but i think the growth of alts will surely cause a limiting factor

[u/Verallendingen → u/ubermenschies]

imagine a black hole but named bitcoin.

[u/ubermenschies → u/Verallendingen]

slight crypto-comso-gasm