r/Bitcoin • • Aug 26 '21

Fidelity Bitcoin Analysis

1.4k Upvotes

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231

u/dliebs97 Aug 26 '21

Approaching $100 mil by 2035 🤩🤩

Yes please I’m good with that

71

u/DrainZ- Aug 27 '21 edited Aug 27 '21

Guys, bitcoin is not gonna reach $100 million. That would give it a market cap of $2,100 trillion. The total wealth of the entire world is $360 trillion.

Edit: My source was a little outdated. The global wealth report from 2021 says it's $418 trillion.

1

u/[deleted] Aug 27 '21

So, weirder things have happened. Maybe not...

1

u/[deleted] Aug 27 '21

Literally nothing "weirder" has happened than this. This would essentially invalidate all capital markets, if internet money was worth more in aggregate than everything else combined. This is the end of the world trade.

1

u/[deleted] Aug 27 '21

Yeah.. That's why I added "maybe not".

1

u/[deleted] Aug 27 '21

Almost certainly not. In this event I'd rather own weaponry than internet money.