Reality is WGDP
It's not even 100 Trillion
5 Million BTC makes market cap of BTC equal to the WGDP that will not happen and can't
Right now at 15K btc range BTC is a major piece of WGDP a nice fraction of 1%
250 Billion Market Cap.
So 33% of 1% of WGP is where we are and at 250 Bil BTC is now equal to 1% of the GDP of the USA
How many really believed that could ever happen when everyone was clapping BTC hit 10 Billion Market Cap
So in the big picture, where there is no such thing as infinity when it equates to value of stuff, I do believe WGDP is gonna be a reason crypto will run so far.
600 Billion is now the market cap of crypto when you lump all the coins in a basket.
The majority of that is BTC.
I think we will see a tripling soon of all crypto market cap, and of course btc will have a major piece of it.
Only question is, does it hit next week or early next year.
I also think we will see days like bloody friday over and over
Topic: Is world GDP the real limit to Bitcoin and Crypto (Read 129 times)
No it can actually go much higher - if everyone was a buyer, and nobody was a seller the price can theoretically go to infinity. We see some of that with the current rise because early adopters by and large aren't cashing out so the coins that are being traded around are perhaps only 10% of the float.
What can't happen, obviously, is everyone cashing out to fiat since the supply of fiat would be inadequate. We're almost there already. But as an independent ecosystem where holders rarely, if ever, trust or exchange for fiat the valuation relative to fiat can get outright insane. See markets like rare art for an example - you have single pieces that are worth half a billion dollars.
What can't happen, obviously, is everyone cashing out to fiat since the supply of fiat would be inadequate. We're almost there already. But as an independent ecosystem where holders rarely, if ever, trust or exchange for fiat the valuation relative to fiat can get outright insane. See markets like rare art for an example - you have single pieces that are worth half a billion dollars.
Any opinions on how the Global GDP will limit Bitcoin and Crypto in general?
With crypto market caps now approaching 1 Trillion at 600 Bil
And with BTC being 250Bil of it
Anyone have opinions on how the worlds GDP of less than 100 trillion will limit all crypto and Bitcoin?
BTC goes to 50k
MC is almost 1 trillion
How big is that?
The USA GDP is only 26 tril year
So the MC of Bitcoin at 16k is 1% of the GDP of the USA already.
If BTC hits 50k it's 3% of USA GDP
If it hits 500k that's 30% of USA GDP which is 33% of worlds GDP
I read years ago in Dr. Adoni's book Bitcoin Algorithm that he saw 500k as the upper end of crypto and BTC
Due to global GDP
Then he stated if it gets tied into derivatives it could go to 5mil a coin
Anyone really looking hard at how global GDP is really the final say on how big crypto and Bitcoin really become?
With crypto market caps now approaching 1 Trillion at 600 Bil
And with BTC being 250Bil of it
Anyone have opinions on how the worlds GDP of less than 100 trillion will limit all crypto and Bitcoin?
BTC goes to 50k
MC is almost 1 trillion
How big is that?
The USA GDP is only 26 tril year
So the MC of Bitcoin at 16k is 1% of the GDP of the USA already.
If BTC hits 50k it's 3% of USA GDP
If it hits 500k that's 30% of USA GDP which is 33% of worlds GDP
I read years ago in Dr. Adoni's book Bitcoin Algorithm that he saw 500k as the upper end of crypto and BTC
Due to global GDP
Then he stated if it gets tied into derivatives it could go to 5mil a coin
Anyone really looking hard at how global GDP is really the final say on how big crypto and Bitcoin really become?
I think you are asking the right question.
However gdp alone i think is to small. There is more money and wealth in the world than world gdp.
I think it would be better to think about how much money is in the world and how much of can bitcoin capture.
Any opinions on how the Global GDP will limit Bitcoin and Crypto in general?
With crypto market caps now approaching 1 Trillion at 600 Bil
And with BTC being 250Bil of it
Anyone have opinions on how the worlds GDP of less than 100 trillion will limit all crypto and Bitcoin?
BTC goes to 50k
MC is almost 1 trillion
How big is that?
The USA GDP is only 26 tril year
So the MC of Bitcoin at 16k is 1% of the GDP of the USA already.
If BTC hits 50k it's 3% of USA GDP
If it hits 500k that's 30% of USA GDP which is 33% of worlds GDP
I read years ago in Dr. Adoni's book Bitcoin Algorithm that he saw 500k as the upper end of crypto and BTC
Due to global GDP
Then he stated if it gets tied into derivatives it could go to 5mil a coin
Anyone really looking hard at how global GDP is really the final say on how big crypto and Bitcoin really become?
With crypto market caps now approaching 1 Trillion at 600 Bil
And with BTC being 250Bil of it
Anyone have opinions on how the worlds GDP of less than 100 trillion will limit all crypto and Bitcoin?
BTC goes to 50k
MC is almost 1 trillion
How big is that?
The USA GDP is only 26 tril year
So the MC of Bitcoin at 16k is 1% of the GDP of the USA already.
If BTC hits 50k it's 3% of USA GDP
If it hits 500k that's 30% of USA GDP which is 33% of worlds GDP
I read years ago in Dr. Adoni's book Bitcoin Algorithm that he saw 500k as the upper end of crypto and BTC
Due to global GDP
Then he stated if it gets tied into derivatives it could go to 5mil a coin
Anyone really looking hard at how global GDP is really the final say on how big crypto and Bitcoin really become?
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