One of the first "model" I used when I decided to buy Bitcoin was based on the question: "What happens if everyone decides to buy 1% of their financial wealth in Bitcoin?"
Well the answer is this one (updated figures):
World Adult Wealth (bln) 360
1% of such Wealth is (bln) 3.6
Circulating Bitcoin 21,000,000
This is an overstatement, but I want conservative estimates.
Bitcoin Value 3,600,000,000,000/21,000,000 equal to USD 171,428.57.
So, yes, 1% is a lot!
I am pretty sure there must be something wrong with that calculation, are you sure that total wealth is at 360 billion?
I thought only the first 10 richest people in the world worths more than that, how could we say that the total combined is like that? I don't know what the real number is, I don't know what the combined wealth looks like, but at the end of the topic is, even if at 1% of everyone going in, we are only 17x, so that shows you how we have a big cap.
I understand you used this example to say bitcoin could go up even with "just 1%" but that 1% is huge, nobody has 1% in everything, people usually either do not invest because they are too poor, or they invest into 2-3 things at most, very few people invest into 10+ different things.
To ask everyone and I mean EVERYONE in the world to put 1% of their money to bitcoin is not realistic at all and even with that we are only at 170k.