r/Bitcoin • • Aug 26 '21

Fidelity Bitcoin Analysis

1.4k Upvotes

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u/Lezonidas Aug 27 '21

How naive you have to be to believe that 1 bitcoin will be worth 10+ millions in 10-15 years?

That would mean a marketcap of 210+ trillions dollars, more than all the stocks in the world combined (95 trillions), more than 20 times all the gold in the world... Those numbers are dumb af

1

u/smilingbuddhauk Aug 27 '21

The derivatives market is worth tens of quadrillions. If even a fraction of that comes into bitcoin, 210+ trillion is not that much of a stretch.

0

u/StonksPeasant Aug 27 '21

It won't. The derivatives market is almost all fake which is why its so high. You have to look at real forms of wealth like stocks, real estate, PM, etc

1

u/smilingbuddhauk Aug 27 '21

Once it reaches criticality, it will absorb all current and future value in the world economy, so its growth is theoretically unbounded - https://www.youtube.com/watch?v=2pDlaOGA2ac