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31 sats \ 2 replies \ @grayruby 1 Mar \ parent \ on: The Ultimate Purchasing Power of Bitcoin bitcoin
I need to watch this video. I am not getting the thesis here. 43B would be a marketcap of over 900 quadrillion. Even if marketcap/capital inflow multiple goes to some insane level that seems very absurd without some massive dollar devaluation.
Since a large portion comes from absorbing the value fiat currently has as a store of value, the devaluation is implicit. So, maybe those should be considered to be 43B devalued dollars.
I was mostly following the logic, but some of the specifics probably slipped past.